Personal Loan 10000 EMI Calculator
Estimate the monthly EMI and the total repayable for a personal loan 10000, including the processing fee and GST. Move the sliders — the result updates instantly and nothing is sent to any lender.
Assumptions: Reducing-balance interest with fixed monthly instalments; Processing fee assumed at 2% of the amount, charged upfront; 18% GST applies on the fee; Results are estimates for comparison — your lender’s Key Facts Statement is the binding figure.
Where every rupee goes
On short tenures the annualised rate can look high because one-time fees are spread over a few months. Compare the total repayable in rupees.
Example only. Your rate, fees and repayment amount depend on the lender's offer and Key Facts Statement.
Repayment schedule
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 01 | ₹907 | ₹774 | ₹133 | ₹9,226 |
| 02 | ₹907 | ₹784 | ₹123 | ₹8,442 |
| 03 | ₹907 | ₹795 | ₹113 | ₹7,647 |
| 04 | ₹907 | ₹805 | ₹102 | ₹6,842 |
| 05 | ₹907 | ₹816 | ₹91 | ₹6,026 |
| 06 | ₹907 | ₹827 | ₹80 | ₹5,199 |
| 07 | ₹907 | ₹838 | ₹69 | ₹4,361 |
| 08 | ₹907 | ₹849 | ₹58 | ₹3,511 |
| 09 | ₹907 | ₹860 | ₹47 | ₹2,651 |
| 10 | ₹907 | ₹872 | ₹35 | ₹1,779 |
| 11 | ₹907 | ₹884 | ₹24 | ₹895 |
| 12 | ₹907 | ₹895 | ₹12 | ₹0 |
EMI calculator FAQ
The standard reducing-balance formula is used: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is the amount, r the monthly rate and n the tenure in months. Interest is charged only on the outstanding balance, so each EMI shifts gradually from interest to principal.
At an illustrative 16% p.a. reducing rate, the EMI is about ₹907. With a 2% processing fee (₹200) plus ₹36 GST, the total repayable comes to roughly ₹11,124. Your lender's exact figures will differ with the offered rate.
One-time fees are annualised over just a few months, which inflates the percentage even when the rupee cost is modest. On short tenures, compare offers on the total repayable in rupees rather than the APR alone.
A longer tenure lowers the EMI but increases total interest, because interest accrues for longer. Use the calculator to find the shortest tenure whose EMI fits comfortably in your monthly budget.