₹
% p.a.
Yrs
💡 Part-Payment Impact
Enter a lump-sum prepayment amount to see how much interest you save and how many months are reduced.
Monthly EMI
₹10,227
for 60 months at 8.5% p.a.
₹6,13,608
Total Payment
₹1,13,608
Total Interest
22.7%
Interest Ratio
Principal Amount
₹5,00,000
Total Interest
₹1,13,608
Total Payable
₹6,13,608
Amortization Schedule
| Year | Principal | Interest | Total Paid | Balance |
|---|
Current Loan Interest Rates in India (2026)
Typical interest rates offered by major Indian banks. Actual rates depend on your credit score, loan amount and relationship with the bank.
| Loan Type | Rate Range | Max Tenure | Key Feature |
|---|---|---|---|
| 🏠 Home Loan | 8.25% – 9.5% | 30 years | Tax benefits u/s 80C & 24(b) |
| 🚗 Car Loan | 8.5% – 12% | 7 years | New car vs used car rates differ |
| 💳 Personal Loan | 10.5% – 24% | 5 years | No collateral required |
| 🎓 Education Loan | 8% – 13% | 15 years | Moratorium during study period |
| 🏢 Business Loan | 11% – 22% | 10 years | MSME schemes may offer lower rates |