APR (EMI Loan) Calculator

Estimate the Annual Percentage Rate (APR) for your EMI-based loan using loan amount, tenure in months and applicable charges.

Loan Details

Enter your loan amount, tenure in months and applicable charges.

Your APR estimate will appear here

Fill in the loan details and click Calculate APR to view monthly APR, yearly APR and total repayment details.

What is APR in an EMI loan?

APR, or Annual Percentage Rate, shows the yearly cost of borrowing after considering interest and charges. For EMI-based loans, APR helps you understand the annualised cost after including interest, processing fee and GST where applicable.

This calculator estimates APR using your loan amount, tenure in months, per-month interest, processing fee percentage and GST on the processing fee. It is meant to help you understand the approximate cost before accepting any loan offer.

Before you borrow

Check the total repayment amount, not only the loan amount.
Choose a monthly tenure that keeps repayment comfortable.
Borrow only the amount needed for your requirement.
Keep enough balance for rent, groceries, bills and existing EMIs.

Principal

The loan amount you receive before interest, fees and GST are added.

Interest

The per-month interest cost multiplied by the loan amount and tenure.

Charges

Processing fee and GST are included to estimate total loan charges.

APR

The annualised borrowing cost used to compare different loan offers.

APR Calculator FAQs

A few common questions borrowers ask before comparing EMI loan costs.

Why can EMI loan APR differ from the interest rate?

APR includes charges such as processing fee and GST, while the interest rate usually reflects only the interest component.

Is APR the same as interest rate?

No. Interest rate considers only interest, while APR also includes charges such as processing fee and GST where applicable.

Should I compare loans using APR?

Yes, APR helps compare the overall cost of different loan offers, especially when fees and tenure are different.

Is this calculator a final loan quote?

No. It is an estimate. Final charges, approval, repayment date and APR depend on the lender's terms and your accepted loan offer.