MoneyLens / Personal borrowing
Your loan, explained.
Personal loan · Fixed rate · Nirmal Bank Ltd · ••••5210
Illustrative
Amount you'll receive
ContractKFS · Sanction
₹7,66,420
of ₹8,00,000 sanctioned · ₹33,580 deducted before the money reaches you
Monthly EMI
₹17,998Real annual cost (APR)
14.41%Total you'll repay
₹10,79,909Tenure
60 months · fixed rate₹10.80 L
total EMIs
Where your repayments go
Principal you receive₹7,66,420
Fees & insurance deducted₹33,580
Interest₹2,79,909
Monthly reducing balance. Excludes penalties and future charges.
Extracted loan terms
Each term keeps its source and check status. Calculations are re-run by code.
18 verified2 to check
| Term | Value | Source | Status |
|---|---|---|---|
| Provider | Nirmal Bank Ltd | KFS p.1 | Verified |
| Reference number | ••••5210 | Sanction p.1 | Verified |
| Loan amount | ₹8,00,000 | KFS p.1, §A | Verified |
| Interest rate | 12.50% | KFS p.1, §A | Verified |
| Rate type | fixed | KFS p.1, §A | Verified |
| Tenure | 60 months | KFS p.1, §A | Verified |
| EMI | ₹17,998 | KFS p.1, §A | Recalculated ✓ |
| Sanction date | 12 Oct 2026 | KFS p.1 | Verified |
| First EMI date | 5 Dec 2026 | KFS p.1, §A | Verified |
| Annual Percentage Rate (APR) | 13.59% | KFS p.2, §C row 9 | Conflicts with recalculation |
| Prepayment / foreclosure charge | 4.00% | Sanction p.2, cl. 4 | Verified |
| Lock-in before prepayment | 12 months | Sanction p.2, cl. 4 | Verified |
| Is the insurance optional? | yes | KFS p.2, §B note 3 | Needs confirmation |
| Borrower | individual | KFS p.1 | Verified |
| Purpose | personal | KFS p.1 | Verified |
| Deducted before disbursement | Processing fee ₹16,000 · GST on fee ₹2,880 · Stamp duty ₹500 · Credit-life insurance ₹14,200 | Sanction p.2 | Verified |
| Part-prepayment charge | 2.00% | Sanction p.2, cl. 4 | Verified |
| Part-prepayment limit per year | 25.00% | Sanction p.2, cl. 4 | Verified |
| Penal charge on overdue EMIs | 2.00% | KFS p.2, §B | Verified |
| Look-up (cooling-off) period | 3 | KFS p.3, §D | Verified |
How your interest is calculated
EMI recalculatedEach month's interest is the outstanding principal × 12.50% ÷ 12. Your EMI stays ₹17,998; the interest part shrinks and the principal part grows.
EMI 1
₹8,333 interest₹9,665 principal
EMI 60
₹186 interest₹17,841 principal
Penalties and charges
KFS p.2, §B- Processing fee2% + GST
- Stamp duty₹500
- Bounce / dishonour₹590 incl. GST
- Penal charge2% a month on overdue · no GST
- Part-prepayment2% + GST
- Foreclosure4% + GST
- Duplicate NOC₹590 incl. GST
Repayment schedule
Calculated from your terms · lender schedule not providedY1Y2Y3Y4Y5
Principal per yearInterest per year
| EMI | Due | EMI | Interest | Principal | Balance | Status |
|---|---|---|---|---|---|---|
| 1 | Dec 2026 | ₹17,998 | ₹8,333 | ₹9,665 | ₹7,90,335 | |
| 2 | Jan 2027 | ₹17,998 | ₹8,233 | ₹9,765 | ₹7,80,570 | |
| 3 | Feb 2027 | ₹17,998 | ₹8,131 | ₹9,867 | ₹7,70,703 | |
| 4 | Mar 2027 | ₹17,998 | ₹8,028 | ₹9,970 | ₹7,60,733 | |
| 5 | Apr 2027 | ₹17,998 | ₹7,924 | ₹10,074 | ₹7,50,659 | |
| 6 | May 2027 | ₹17,998 | ₹7,819 | ₹10,179 | ₹7,40,481 | |
| 7 | Jun 2027 | ₹17,998 | ₹7,713 | ₹10,285 | ₹7,30,196 | |
| 8 | Jul 2027 | ₹17,998 | ₹7,606 | ₹10,392 | ₹7,19,804 | |
| 9 | Aug 2027 | ₹17,998 | ₹7,498 | ₹10,500 | ₹7,09,304 | |
| 10 | Sep 2027 | ₹17,998 | ₹7,389 | ₹10,609 | ₹6,98,695 | |
| 11 | Oct 2027 | ₹17,998 | ₹7,278 | ₹10,720 | ₹6,87,975 | |
| 12 | Nov 2027 | ₹17,998 | ₹7,166 | ₹10,832 | ₹6,77,143 |