zaito.A guide, not a lender

Tools to check a loan

Work out the cost before you sign, verify the KFS or plan for the next instalment. No sign-up, no PAN or Aadhaar, no document upload: the numbers you type stay in your browser.

EMI and APR calculator

You know the amount, interest rate, tenure and processing fee. See the EMI, total interest, GST on the fee, the money you receive and the APR. Works for short loans with one repayment too.

Check the Key Facts Statement

Enter the net disbursed amount and the instalments from your KFS to recompute the APR, then go through nine checks from RBI rules before you sign.

Can you pay the next EMI?

Enter the money you have, income due before the payment date, essential spending and a reserve. See whether the instalment is covered.

From the sanctioned amount to the real cost

Illustrative example from the RBI Key Facts Statement circular: a ₹20,000 loan at 15% a year for 24 months, with ₹400 of upfront charges deducted at disbursal.

  1. You receive₹19,600
  2. You pay in 24 EMIs₹23,274
  3. APR17.07%

The interest rate is 15%, but the APR is higher because the ₹400 is paid out of the loan itself. That is why lenders must show the APR, and why you should compare APRs, not headline rates.

Work out your own numbers

What to have at hand

  1. The offer or the Key Facts Statement. Use the figures for your loan, not an advertised “starting from” rate.
  2. The repayment schedule. Check the instalment amount, the number of instalments and the due dates.
  3. Upfront charges. Processing fee, GST on it and anything else deducted before the money reaches your account.

If the rate and tenure are not fixed yet, the calculator shows only the scenario you entered. Once you have the KFS, compare its APR with the result of the KFS check.

How to use the result

Compare the result with the lender’s offer. If the figures differ, check the tenure, the instalment amount, the charges you entered and rounding. The tools explain the terms you typed in; they do not know the lender’s pricing, do not replace the loan agreement and do not predict approval.

Questions about a payment or your outstanding balance go to the lender: Zaito has no access to your loan account. Materials are prepared by the Zaito editorial team. How sources and calculations are checked.