RBI Loan Calculator – Instant EMI & Eligibility Check ✅
RBI Loan Calculator
Instant EMI Estimate
Loan EMI calculators, including the RBI Loan Calculator, help you estimate monthly payments, total interest, and overall affordability before borrowing. These tools are fully RBI-compliant, ensuring calculations follow official Reserve Bank of India guidelines. They also incorporate bank-specific rates from institutions like SBI, HDFC, and ICICI, so you can get accurate, real-time EMI estimates.
With the RBI Loan Calculator, users can:
- Compare multiple loans and interest rates quickly
- Adjust tenure to reduce monthly EMIs or total interest
- Check eligibility based on salary, age, and credit score
- Plan for personal loans, home loans, car loans, or gold loans
Using this calculator ensures responsible borrowing while adhering to RBI rules. It’s an essential tool for anyone looking to borrow smartly and avoid overpayment, offering transparency and precision in EMI planning.
Whether it’s a personal emergency, home, car, or gold purchase, these calculators simplify planning and ensure financial responsibility.
EMI Calculation Formula
EMI = P × r × (1 + r)^n / ((1 + r)^n – 1)
Where:
- P = Principal
- r = Monthly interest rate
- n = Number of months
Tip: Use official SBI or RBI calculators for accurate, up-to-date results.
Personal Loan EMI Examples (INR)
| Loan Amount | Interest Rate | Tenure | Monthly EMI | Total Interest | Total Repayment |
|---|---|---|---|---|---|
| 5,00,000 | 11% | 5 yrs | 10,871 | 1,52,272 | 6,52,272 |
| 7,00,000 | 11% | 5 yrs | 15,220 | 2,13,781 | 9,13,781 |
| 10,00,000 | 11% | 5 yrs | 21,742 | 3,04,520 | 13,04,520 |
| 15,00,000 | 11% | 15 yrs | 17,498 | 15,49,644 | 30,49,644 |
| 20,00,000 | 11% | 5 yrs | 43,485 | 6,09,040 | 26,09,040 |
| 20,00,000 | 11% | 10 yrs | 28,744 | 14,49,280 | 34,49,280 |
Key Features:
- Quick approval based on credit score
- No collateral required
- RBI-compliant interest caps
SBI Personal Loan EMI Calculator
- Rates: 10.05% – 15.05% p.a.
- Includes processing fee ~1%
- Calculate EMI based on your salary & tenure
Example Table (₹10 lakh, 11% interest):
| Tenure | Monthly EMI | Total Interest | Total Repayment |
|---|---|---|---|
| 3 yrs | 32,743 | 1,78,748 | 11,78,748 |
| 5 yrs | 21,742 | 3,04,520 | 13,04,520 |
| 7 yrs | 17,000 | 4,28,000 | 14,28,000 |
Home Loan EMI Examples (INR)
| Loan Amount | Rate | Tenure | EMI | Total Interest | Total Repayment |
|---|---|---|---|---|---|
| 17,00,000 | 8% | 20 yrs | 14,185 | 16,02,400 | 33,02,400 |
| 20,00,000 | 8% | 20 yrs | 16,729 | 20,14,960 | 40,14,960 |
| 25,00,000 | 8% | 25 yrs | 19,198 | 32,49,400 | 57,49,400 |
| 30,00,000 | 8.5% | 15 yrs | 28,664 | 17,39,520 | 47,39,520 |
| 35,00,000 | 8.5% | 30 yrs | 28,964 | 41,45,040 | 76,45,040 |
| 40,00,000 | 8% | 20 yrs | 33,458 | 40,29,600 | 80,29,600 |
| 50,00,000 | 8% | 10 yrs | 60,628 | 22,35,360 | 72,35,360 |
| 75,00,000 | 8.25% | 15 yrs | 73,810 | 58,79,000 | 1,33,79,000 |
Tip: Shorter tenure → higher EMI, lower total interest.
Salary-Based Eligibility Table (INR & PKR)
| Monthly Salary | Max Personal Loan | Max Home Loan |
|---|---|---|
| 20,000 INR | 5,00,000 | 10,00,000 |
| 25,000 INR | 10,00,000 | 20,00,000 |
| 30,000 INR | 15,00,000 | 25,00,000 |
| 35,000 INR | 20,00,000 | 30,00,000 |
| 50,000 INR | 25,00,000 | 40,00,000 |
| 20,000 PKR | 5,00,000 PKR | 10,00,000 PKR |
| 30,000 PKR | 10,00,000 PKR | 20,00,000 PKR |
| 50,000 PKR | 20,00,000 PKR | 35,00,000 PKR |
Eligibility Checklist:
- Age: 21–60 years
- Documents: PAN, Aadhaar, salary slips, bank statements, ITR
- Debt-to-Income Cap: 50%
- Credit Score: >700
RBI Loan Guidelines & EMI
- RBI ensures fair lending practices
- EMI should not exceed 50% of salary
- Floating vs Fixed Rates: calculators consider both
- Prepayment rules: No penalty for floating rate prepayment
Example:
- Salary: ₹40,000 → Max EMI ₹20,000
- Loan: ₹10 lakh at 10% → EMI ≈ ₹21,000
Gold Loan EMI Calculator
- LTV as per RBI: ≤2.5L → 85%, 2.5–5L → 80%, >5L → 75%
- Rate: 8.75%–9%
Example:
- Gold value: ₹1,33,000
- Loan: ₹1,00,000
- Tenure: 3 years
- EMI: ₹3,180
- Total interest: ₹14,480
Car Loan EMI Calculator
- Coverage: 80–90% of vehicle price
- Rate: 8.80–9.90%
Example EMI Table:
| Loan Amount | Rate | Tenure | EMI | Total Interest |
|---|---|---|---|---|
| 10,00,000 | 9% | 5 yrs | 20,758 | 2,45,480 |
| 15,00,000 | 9% | 5 yrs | 31,137 | 3,68,220 |
| 20,00,000 | 9% | 5 yrs | 41,516 | 4,90,960 |
Bank Comparison:
| Bank | Rate | Max Tenure | Processing Fee |
|---|---|---|---|
| SBI | 8.80–9.90% | 7 yrs | 0.5% |
| HDFC | 8.16–19.31% | 7 yrs | Up to 1% |
| ICICI | 8.50 onwards | 7 yrs | 0.5% |
Principal vs Interest Split Example (₹20L, 5 yrs, 11%)
| Month | Principal | Interest | Remaining Principal |
|---|---|---|---|
| 1 | 31,872 | 11,613 | 19,68,128 |
| 12 | 3,66,996 | 1,01,508 | 16,33,004 |
| 24 | 7,68,486 | 59,028 | 12,31,514 |
| 60 | 20,00,000 | 6,09,040 | 0 |
FAQ Section (Snippet-Ready)
FAQs – Detailed Version
1. How much is the EMI for a 20 lakh personal loan per month?
For a ₹20 lakh personal loan at 11% interest for 5 years, the monthly EMI is approximately ₹43,485. The total interest over the tenure is ₹6,09,040, making the total repayment ₹26,09,040.
Tip: Using a calculator, you can adjust tenure or rate to lower EMI or total interest.
2. What is the EMI for a 7 lakh personal loan per month?
A ₹7 lakh loan at 11% interest for 5 years has a monthly EMI of ₹15,220. Total interest paid will be ₹2,13,781, and total repayment ₹9,13,781.
Insight: Shorter tenure → higher EMI, lower interest; longer tenure → lower EMI, higher interest.
3. What is the EMI for a 10 lakh personal loan per month?
For ₹10 lakh at 11% interest for 5 years, the monthly EMI is ₹21,742. Total interest: ₹3,04,520. Total repayment: ₹13,04,520.
Suggestion: Always check with official bank calculators like SBI for exact EMI including processing fees.
4. What is the EMI for a 20 lakh personal loan for 10 years?
With extended tenure of 10 years, EMI reduces to ₹28,744 per month. Total interest increases to ₹14,49,280, total repayment ₹34,49,280.
Tip: Extended tenure is useful for cash flow management but increases total interest.
5. What is the EMI for a 17 lakh home loan for 20 years?
A ₹17 lakh home loan at 8% interest for 20 years has monthly EMI ≈ ₹14,185. Total interest: ₹16,02,400, making total repayment ₹33,02,400.
Advice: Consider shorter tenure to save interest, but EMI will increase.
6. What is the EMI for a 15 lakh personal loan for 15 years?
At 11% interest, EMI ≈ ₹17,498 per month. Total interest over 15 years: ₹15,49,644. Total repayment: ₹30,49,644.
Note: Long-term personal loans are rare; usually home loans are preferred for such tenure.
7. What is the EMI for a 25 lakh home loan for 25 years?
With 8% interest, EMI ≈ ₹19,198 per month. Total interest: ₹32,49,400. Total repayment: ₹57,49,400.
Tip: Longer tenure reduces EMI but total interest increases substantially.
8. What is the EMI for a 35 lakh home loan for 30 years?
At 8.5% interest, EMI ≈ ₹28,964 per month. Total interest: ₹41,45,040. Total repayment: ₹76,45,040.
Insight: Use EMI calculators to compare multiple tenures for best affordability.
9. What is the EMI for a 50 lakh loan for 10 years?
For 50 lakh at 8% interest, EMI ≈ ₹60,628 per month. Total interest: ₹22,35,360. Total repayment: ₹72,35,360.
Note: Ensure your salary supports EMI under RBI 50% rule.
10. What is the EMI for a 75 lakh home loan in SBI per month?
A 75 lakh home loan at 8.25% interest for 15 years has EMI ≈ ₹73,810 per month. Total interest: ₹58,79,000. Total repayment: ₹1,33,79,000.
11. What is 7% interest on 1 lakh?
- Yearly interest: ₹7,000
- Monthly EMI (1-year loan): ≈ ₹8,653
Tip: For compound interest loans, use bank calculators to get precise EMI.
12. Can I get a 0% interest personal loan?
- True 0% interest loans are rare in India.
- Often offered via promotional credit card schemes or special bank campaigns.
- RBI recommends checking hidden fees, processing fees, or conditions labeled as “interest-free”.
13. What is the minimum salary for a 20 lakh loan?
- Typical minimum salary: ₹25,000–30,000/month.
- Eligibility depends on:
- Credit score > 700
- Existing EMI obligations (<50% of income)
- Bank-specific rules (SBI corporates require ₹25,000)
14. Can NRI customers invest in SBI?
Yes, NRIs can:
- Open NRI accounts
- Invest in fixed deposits
- Apply for home or personal loans
- Comply with FEMA regulations and RBI guidelines
15. What is the 60/40 RBI rule?
- Refers to loan distribution guidelines in banking.
- Banks must allocate 60% to priority sectors and 40% to non-priority sectors, ensuring financial stability.
16. How does tenure affect home loan EMI?
- Longer tenure → lower monthly EMI, higher total interest.
- Shorter tenure → higher EMI, lower total interest.
Example: ₹30 lakh at 8%: - 15 years → EMI ₹28,664
- 30 years → EMI ₹21,994
- Interest saved by shorter tenure: ₹10 lakh
17. What is LTV in gold loans?
- LTV = Loan-to-Value, max % of gold value you can borrow.
- RBI 2025 rules:
- ≤2.5L → 85%
- 2.5–5L → 80%
- 5L → 75%
18. How to use a car loan eligibility calculator?
- Input: income, age, existing EMIs, desired loan amount
- Calculator shows max eligible loan based on 50–60% of salary for repayments
- Example: ₹50,000 income → Eligible for ₹8–10 lakh car loan
19. Are EMI calculators accurate?
- Yes, if using official bank tools (SBI, HDFC, ICICI).
- Slight variations may occur due to:
- Processing fees
- Rate fluctuations
- Always confirm with official bank quotes.
20. What documents are required for loan eligibility?
- PAN & Aadhaar
- Salary slips (3 months)
- Bank statements
- Income Tax Returns
- Gold valuation certificate (for gold loans)
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Calculate your EMI instantly using our SBI & RBI compliant calculators to plan loans wisely and avoid over-borrowing.