- Loan amount
- ₹15,00,000
- Interest rate
- 12% a year
- Tenure
- 5 years (60 months)
- Monthly EMI
- ₹33,367
- Total interest
- ₹5,02,000
- Total amount paid
- ₹20,02,000
- Processing fee at 2% + GST
- ₹35,400
If the rate is different
At 11.5% the EMI would be ₹32,989; at 12.5% it would be ₹33,747. Every 0.5% changes the total interest by about ₹22,814 over the full tenure.