Personal Loan EMI & Interest Calculator
Work out your EMI, total interest, and the cash you'll actually receive after the bank takes its fee.
- Cash you receiveRs. 492,500
- Bank fee deductedRs. 7,500
- Total interest to bankRs. 187,428
Net salary with 8% employee EPF, 12% employer EPF, 3% ETF and downloadable payslip.
Vehicle lease installments and loan EMI, flat vs reducing rate comparison.
Home loan EMI, private bank (reducing) vs state bank (equal capital).
Questions
Most banks deduct a processing fee (often 1–2%) before disbursing. On a Rs. 500,000 loan with a 2% fee, Rs. 10,000 never reaches you, but you still pay interest on the full 500,000. The 'cash you'll receive' line shows the real number.
A personal loan's reducing rate (typically 18–28% in Sri Lanka as of 2026) is usually far cheaper than a credit card's 30%+. For a fixed sum with a fixed purpose, the loan almost always wins, cards are for short borrowing you clear every month.
Close enough to negotiate with. Banks round installments and may add insurance or early-settlement fees. Use this as your baseline, then confirm with the bank's own schedule.
100% free · No sign-up · Works offline · Private by design