Loan & EMI
Personal Loan Calculator
Estimate your EMI, processing fee and true cost of borrowing — including the effective APR.
Personal loan details
₹5.00 L
3.0 years
₹7,500 + 18% GST
Monthly EMI
₹16,607
- Loan amount
- ₹5,00,000
- Processing fee
- ₹8,850
- Amount disbursed
- ₹4,91,150
- Total interest
- ₹97,858
- Total payment
- ₹5,97,858
- Effective APR
- 7.24%
1.50% + GST
Effective APR includes the processing fee — always compare APR (not just the flat interest rate) across offers.
Where your money goes
- Principal
- Interest
- Fees + GST
Total: ₹6.07 L
Formula
How the math works
Effective APR = (Total interest + Fees) / Net disbursed × (12 / months) × 100
- Total interest
- From EMI schedule
- Fees
- Processing fee + 18% GST
- Net disbursed
- Loan amount − fees
Method
How it works
- 1
Enter the loan amount, interest rate and tenure in months.
- 2
Add the processing fee percentage — CalcPe applies 18% GST on top automatically.
- 3
The result shows EMI, fees, actual amount disbursed and effective APR.
- 4
Compare offers by APR (not just the sticker rate) for a like-for-like view.
Worked example
A quick walkthrough
Inputs
₹5,00,000 loan at 12% p.a. for 36 months, 1.5% processing fee.
Steps
- Processing fee = 1.5% of 5 L = ₹7,500
- GST on fee = 18% of 7,500 = ₹1,350
- Net disbursed = 5,00,000 − 7,500 − 1,350 = ₹4,91,150
Result
EMI ≈ ₹16,607/month · total interest ≈ ₹97,868 · effective APR ≈ 13.6%
Why use it
Why CalcPe’s Personal Loan Calculator
- See the true cost of a personal loan, not just the flashy rate.
- Compare bank vs NBFC vs digital lender offers correctly.
- Understand how processing fees add up on short-tenure loans.
- Instant — no OTP, no soft credit pull, no data leaving your browser.
FAQ
Frequently asked questions
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