- Loan amount
- ₹15,00,000
- Interest rate
- 12% a year
- Tenure
- 1 year (12 months)
- Monthly EMI
- ₹1,33,273
- Total interest
- ₹99,278
- Total amount paid
- ₹15,99,278
- Processing fee at 2% + GST
- ₹35,400
If the rate is different
At 11.5% the EMI would be ₹1,32,923; at 12.5% it would be ₹1,33,624. Every 0.5% changes the total interest by about ₹4,213 over the full tenure.