Personal Loan 4 Lakh EMI Calculator
Estimate the monthly EMI and the total repayable for a personal loan 4 lakh, 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 | ₹19,585 | ₹14,252 | ₹5,333 | ₹3,85,748 |
| 02 | ₹19,585 | ₹14,442 | ₹5,143 | ₹3,71,306 |
| 03 | ₹19,585 | ₹14,635 | ₹4,951 | ₹3,56,672 |
| 04 | ₹19,585 | ₹14,830 | ₹4,756 | ₹3,41,842 |
| 05 | ₹19,585 | ₹15,027 | ₹4,558 | ₹3,26,815 |
| 06 | ₹19,585 | ₹15,228 | ₹4,358 | ₹3,11,587 |
| 07 | ₹19,585 | ₹15,431 | ₹4,154 | ₹2,96,156 |
| 08 | ₹19,585 | ₹15,636 | ₹3,949 | ₹2,80,520 |
| 09 | ₹19,585 | ₹15,845 | ₹3,740 | ₹2,64,675 |
| 10 | ₹19,585 | ₹16,056 | ₹3,529 | ₹2,48,618 |
| 11 | ₹19,585 | ₹16,270 | ₹3,315 | ₹2,32,348 |
| 12 | ₹19,585 | ₹16,487 | ₹3,098 | ₹2,15,861 |
| 13 | ₹19,585 | ₹16,707 | ₹2,878 | ₹1,99,154 |
| 14 | ₹19,585 | ₹16,930 | ₹2,655 | ₹1,82,224 |
| 15 | ₹19,585 | ₹17,156 | ₹2,430 | ₹1,65,068 |
| 16 | ₹19,585 | ₹17,384 | ₹2,201 | ₹1,47,684 |
| 17 | ₹19,585 | ₹17,616 | ₹1,969 | ₹1,30,068 |
| 18 | ₹19,585 | ₹17,851 | ₹1,734 | ₹1,12,217 |
| 19 | ₹19,585 | ₹18,089 | ₹1,496 | ₹94,128 |
| 20 | ₹19,585 | ₹18,330 | ₹1,255 | ₹75,798 |
| 21 | ₹19,585 | ₹18,575 | ₹1,011 | ₹57,223 |
| 22 | ₹19,585 | ₹18,822 | ₹763 | ₹38,401 |
| 23 | ₹19,585 | ₹19,073 | ₹512 | ₹19,328 |
| 24 | ₹19,585 | ₹19,328 | ₹258 | ₹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 ₹19,585. With a 2% processing fee (₹8,000) plus ₹1,440 GST, the total repayable comes to roughly ₹4,79,486. 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.