- Loan amount
- ₹1,00,000
- Interest rate
- 12% a year
- Tenure
- 5 years (60 months)
- Monthly EMI
- ₹2,224
- Total interest
- ₹33,467
- Total amount paid
- ₹1,33,467
- Processing fee at 2% + GST
- ₹2,360
If the rate is different
At 11.5% the EMI would be ₹2,199; at 12.5% it would be ₹2,250. Every 0.5% changes the total interest by about ₹1,521 over the full tenure.