About the Other Loan Calculator
Not every loan fits neatly into a standard category, a consumer durable EMI, a loan against securities, a credit card EMI conversion, an agricultural loan, or a product your lender has quoted under its own name. This generic calculator models any loan using the exact amount, rate and tenure from your own sanction letter or Key Fact Statement, so you can check the numbers whatever the loan is called.
Who should use this calculator
Anyone with a loan type not covered by our other calculators, consumer durable finance, a loan against mutual funds or shares, an agricultural loan, a credit card EMI conversion, or any other product, who wants to check the real EMI and total interest using the terms actually quoted.
Interest rates for other loan types in India
Rates vary enormously across this category, from schemes advertised as "zero-cost EMI" on a consumer purchase to well above 20% on some unsecured, short-tenure products. Always work from the exact reducing-balance rate and all charges on your lender's Key Fact Statement, not a headline figure, and use this calculator to see what those terms actually cost in rupees.
Documents typically required
- PAN card and a valid identity and address proof
- Income proof, where the lender requires it
- Bank details for repayment
- Any collateral or security documents specific to the product
Tips before you commit to any loan
- Always get the Key Fact Statement, it discloses the true reducing-balance rate and all charges in one place, by regulation.
- Check whether the quoted rate is flat or reducing balance before comparing it to anything else. The two are never directly comparable.
- Read what a "no-cost" or "zero-interest" scheme actually removes, often a discount you would otherwise have received.
- Ask about prepayment and foreclosure charges upfront, whatever the loan is called.
Not sure how to categorise a loan you have been offered? Share the details with a Kaithi Finance loan expert on WhatsApp and we will help you make sense of it, free of charge.
Loan interest rates in India (September 2026)
Rates vary enormously by what secures the loan. As a rule of thumb: the better the security and the more predictable your income, the lower the rate. Use the range your own sanction letter or Key Fact Statement quotes rather than an average.
| Lender type | Typical rate (p.a.) | Typical max tenure | Best suited to |
|---|---|---|---|
| Secured against property | 8.00% – 13.50% | 15–30 years | Home loans, LAP |
| Secured against an asset | 9.00% – 18.00% | 1–7 years | Car, two-wheeler, gold |
| Unsecured, salaried | 10.50% – 21.00% | 1–6 years | Personal loans |
| Unsecured, business | 12.00% – 24.00% | 1–5 years | Working capital, expansion |
Indicative ranges as of September 2026, compiled from publicly advertised lender pricing. Rates are personalised to your credit score, income and loan-to-value, and change without notice. Always confirm the current rate, spread and reset frequency in your lender's Key Fact Statement before signing.
Loan EMI per ₹1 lakh
Multiply the figure below by your loan amount in lakhs to get a quick EMI estimate, a ₹25 lakh loan is simply 25 × the per-lakh EMI. Use the calculator above for the exact figure including processing fees.
| Rate (p.a.) | 1 yr | 3 yr | 5 yr | 10 yr | 20 yr |
|---|---|---|---|---|---|
| 8% | ₹8,699 | ₹3,134 | ₹2,028 | ₹1,213 | ₹836 |
| 11% | ₹8,838 | ₹3,274 | ₹2,174 | ₹1,378 | ₹1,032 |
| 14% | ₹8,979 | ₹3,418 | ₹2,327 | ₹1,553 | ₹1,244 |
| 18% | ₹9,168 | ₹3,615 | ₹2,539 | ₹1,802 | ₹1,543 |
| 22% | ₹9,359 | ₹3,819 | ₹2,762 | ₹2,067 | ₹1,857 |
Before you apply, worth checking
- the loan eligibility calculator, to work out what you can borrow in the first place.
- the prepayment calculator, to see what repaying early would save.
- our loan guides, for documents, rate ranges and approval tips by loan type.
Frequently asked questions
I have a loan that doesn't match any of your other calculators, can I still use this?
Yes. Enter the exact amount, interest rate and tenure from your lender's sanction letter or Key Fact Statement, and this calculator will work out the EMI, total interest and total repayment just like any other loan type.
How do I know if my quoted rate is flat or reducing balance?
Your lender's Key Fact Statement is required to disclose this. As a rule of thumb, a flat rate quoted at roughly 55–60% of a reducing-balance rate costs about the same, for example. A 10% flat rate is comparable to a 17% reducing-balance rate.
Can Kaithi Finance help me understand an unusual loan offer?
Yes. Message us on WhatsApp with the details from your sanction letter or Key Fact Statement and we will help you understand exactly what it costs.
How do I check whether the rate my lender quoted is reducing balance or flat?
Ask directly, and check the Key Fact Statement. A quick test: divide the total interest by the principal and the tenure. If that annualised figure is far below the quoted rate, the quote is reducing balance; if it matches almost exactly, it is a flat rate, which costs roughly double the equivalent reducing-balance rate.
What is APR and why does it differ from the interest rate?
APR folds the processing fee, documentation and other mandatory charges into an annualised cost, so it reflects what the loan actually costs. Two loans can quote the same rate and have very different APRs. Comparing on APR, or on total outflow, is the only reliable comparison.
What is a Key Fact Statement and should I ask for one?
It is a standardised one-page summary of your loan (rate, APR, tenure, EMI, all fees and the prepayment terms) which RBI requires lenders to give retail borrowers before you sign. Always ask for it, and compare offers on the KFS rather than on a verbal quote.
Can I use this calculator for a loan not listed on the site?
Yes. That is what this page is for. Enter your own amount, rate, tenure and repayment method and it will compute the EMI, total interest and full amortisation schedule for any conventional loan, including ones not offered as a preset elsewhere on the site.
What is FOIR and why do lenders care about it?
FOIR is the share of your net monthly income already committed to EMIs. Most lenders cap the total, including the loan you are applying for, at 50–60%. It is usually the binding constraint on how much you can borrow, more so than your income or credit score alone.