Finance Calculator
How to use this calculator
Enter the personal-loan amount, annual rate, tenure, and processing-fee percentage. The model deducts the upfront fee from the disbursed amount when estimating APR.
How the estimate is calculated
EMI uses reducing-balance interest. The processing-fee model applies an 18% tax assumption to the fee. A numerical search finds the nominal annual rate implied by net disbursement and monthly repayments.
Assumptions and exclusions
The fee-tax assumption and nominal APR convention must match your lender’s terms. Additional fees, insurance and changes in repayment dates are excluded.