Personal Loan 6000 EMI Calculator
Estimate the monthly EMI and the total repayable for a personal loan 6000, 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 | ₹544 | ₹464 | ₹80 | ₹5,536 |
| 02 | ₹544 | ₹471 | ₹74 | ₹5,065 |
| 03 | ₹544 | ₹477 | ₹68 | ₹4,588 |
| 04 | ₹544 | ₹483 | ₹61 | ₹4,105 |
| 05 | ₹544 | ₹490 | ₹55 | ₹3,615 |
| 06 | ₹544 | ₹496 | ₹48 | ₹3,119 |
| 07 | ₹544 | ₹503 | ₹42 | ₹2,616 |
| 08 | ₹544 | ₹510 | ₹35 | ₹2,107 |
| 09 | ₹544 | ₹516 | ₹28 | ₹1,591 |
| 10 | ₹544 | ₹523 | ₹21 | ₹1,067 |
| 11 | ₹544 | ₹530 | ₹14 | ₹537 |
| 12 | ₹544 | ₹537 | ₹7 | ₹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 ₹544. With a 2% processing fee (₹120) plus ₹22 GST, the total repayable comes to roughly ₹6,674. 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.