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EMI & eligibility

Enter the ROI the bank quotes — every institution prices differently — then in-hand income. FOIR / DBR follows the salary band (50% at ₹20–35k, up to 70–75% at ₹75k and above). Existing EMIs come off that FOIR before eligible amount. Indicative only. These figures are arithmetic — not an AI underwrite and not a sanction.

₹5,00,000

Personal Loan: every year from 1 to 8. Subject to lender and age at maturity.

9.99%

Type with a point — 9.99, 11.50, 14. Type it; do not use 999. Floor for this product is 9.99% p.a.

70%

₹75,000 and above: FOIR / DBR generally 70–75%, bank to bank. You may type a figure inside the band (60.5 is allowed).

  • ₹20,000 – ₹35,000: 50%
  • ₹35,000 – ₹50,000: 55%
  • ₹50,000 – ₹75,000: 60–65%
  • ₹75,000 – ₹1 lakh & above: 70–75%

Sum of EMIs already due — housing, auto, personal, cards minimum due if revolving. Deducted from FOIR before a new loan.

EMI compare

Compare EMI calculations

Same reducing-balance formula a lender uses. Enter each scenario’s ROI — banks do not share one rate. Not a sanction.

Scenario A

₹5,00,000

Scenario B

₹5,00,000
A · monthly EMI
₹10,621
Interest
₹1,37,264
Total payable
₹6,37,264

9.99% p.a. · 5 yr

B · monthly EMI
₹7,990
Interest
₹2,67,010
Total payable
₹7,67,010

11.50% p.a. · 8 yr

B’s EMI is ₹2,631 lower per month. Total interest is ₹1,29,746 more on B. Longer tenure shrinks the EMI and grows the interest.

Enquire on AEnquire on B

EMI by tenure

One amount, the ROI you enter, every tenure we file on that product.

₹5,00,000
TenureEMI / monthTotal interestTotal payable
1 yr₹43,956₹27,467₹5,27,467
2 yr₹23,070₹53,684₹5,53,684
3 yr₹16,131₹80,725₹5,80,725
4 yr₹12,679₹1,08,587₹6,08,587
5 yr₹10,621₹1,37,264₹6,37,264
6 yr₹9,260₹1,66,749₹6,66,749
7 yr₹8,298₹1,97,033₹6,97,033
8 yr₹7,584₹2,28,106₹7,28,106

Personal Loan at 9.99% p.a. Overdraft is not in this table — it is not an EMI. Use OD vs personal loan below.

Compare

Overdraft vs personal loan

Personal starts cheaper on the board — 9.99% vs 11.50%. Overdraft can still cost less if you do not draw the full limit. Floor rates only. Not a sanction.

Personal loanOverdraft
Floor ROIFrom 9.99% p.a.From 11.50% p.a.
Interest charged onThe full outstanding, every month, as you amortize.Only what you have drawn, for the days it is drawn.
Monthly cash outFixed EMI (principal + interest).Interest on utilisation. Principal stays until you repay it.
TenureUp to 8 years.Limit up to 9 years, reviewed.
ClockSame-day login / disbursal on eligible files; else 24–48 working hours.Limit typically within 24 working hours.
Ends atZero. The loan is closed.Whatever you still have drawn. It is a line, not a term loan.
LendersPrivate banks and NBFCs — not PSU banks.Private banks and NBFCs; salary-account OD or business CC.

Desk math

Same ticket. Different bill.

Personal EMI at 9.99% on the full amount. OD interest at 11.50% only on the slice you keep drawn.

₹5,00,000
36
50%

Personal loan

Monthly EMI

₹16,131

Interest over 36 months

₹80,725

Balance at the end

₹0

Overdraft

Monthly interest on ₹2,50,000 drawn

₹2,396

Interest over 36 months

₹86,250

Still drawn at the end

₹2,50,000

OD is lighter on the monthly cash this month — you are not forced to repay principal. Interest over the period is lower on the personal loan — OD at 50% drawn is expensive because the principal never shrinks. If you will keep the money fully drawn for years, take the personal loan. If you need a working line you park and draw, take the OD.

Indicative at floor ROI. Actual rates move with CIBIL, amount, and lender.

Enquire for the cheaper fitPersonal loanOverdraft