- Loan amount
- ₹1,00,000
- Interest rate
- 12% a year
- Tenure
- 3 years (36 months)
- Monthly EMI
- ₹3,321
- Total interest
- ₹19,572
- Total amount paid
- ₹1,19,572
- Processing fee at 2% + GST
- ₹2,360
If the rate is different
At 11.5% the EMI would be ₹3,298; at 12.5% it would be ₹3,345. Every 0.5% changes the total interest by about ₹862 over the full tenure.