Calculate your medical loan EMI
Year-by-year repayment schedule
| Year | Principal paid | Interest paid | Balance at year end |
|---|
Reducing-balance method. Results are estimates for planning; the lender's Key Fact Statement is final. Insurance, legal and other charges are not included.
Medical bills often come in stages, admission deposit, surgery, then follow-up care, so the amount you finance may change after the first estimate. Size the loan on the hospital estimate plus a margin, not on the first deposit.
Medical Loan at a glance
The figures the calculator starts with come from these typical ranges. Change them to match the offer in front of you.
| Feature | What to expect |
|---|---|
| Typical loan amount | Roughly ₹25,000 to ₹25 lakh; limits depend on income and the treatment estimate |
| Tenure | Commonly 6 to 60 months; some lenders allow longer for large bills |
| Indicative interest rate | Roughly 11% to 24% a year, depending on lender and profile |
| Processing fee | Commonly 1% to 3% of the amount, plus GST; some hospital tie-ups differ |
| Security / collateral | Usually none. Treated as an unsecured personal loan |
| Typical time to disbursal | Often 1 to 3 working days; faster where the hospital has a tie-up |
From our Medical Loan guide. Ranges are indicative; your offer may differ.
Medical Loan EMI table at 14%
Monthly EMI for common medical loan amounts at an example rate of 14% a year, on the reducing-balance method lenders use. Read across a row to see how a longer tenure lowers the EMI, and remember that it raises the total interest: on ₹4.5 lakh, the interest is ₹68,539 over 2 years but ₹1,40,252 over 4 years.
| Loan amount | EMI for 2 years | EMI for 3 years | EMI for 4 years |
|---|---|---|---|
| ₹1.5 lakh | ₹7,202 | ₹5,127 | ₹4,099 |
| ₹3 lakh | ₹14,404 | ₹10,253 | ₹8,198 |
| ₹4.5 lakh | ₹21,606 | ₹15,380 | ₹12,297 |
| ₹6 lakh | ₹28,808 | ₹20,507 | ₹16,396 |
How the interest rate changes your medical loan EMI
Your rate depends on your credit score, income, the lender and the loan details. On ₹3 lakh over 3 years, the gap between the lowest and highest indicative rate is ₹70,137 in total repayment, which is why it pays to compare offers before you accept one.
| Interest rate | Monthly EMI | Total interest | Extra vs lowest rate |
|---|---|---|---|
| 11% | ₹9,822 | ₹53,578 | — |
| 14% | ₹10,253 | ₹69,118 | +₹15,540 |
| 19% | ₹10,997 | ₹95,885 | +₹42,307 |
| 24% | ₹11,770 | ₹1,23,715 | +₹70,137 |
The real cost of a medical loan: fees and APR
The EMI covers interest and principal only. Lenders also charge a processing fee, commonly around 1% to 3% of the amount on medical loans, plus 18% GST, and it is usually deducted from the money you receive. Because you pay the EMI on the full amount but receive less, the annual percentage rate (APR) is higher than the interest rate. For ₹3 lakh at 14% over 3 years:
| Processing fee | Fee incl. GST | Money in hand | APR |
|---|---|---|---|
| 1% + GST | ₹3,540 | ₹2,96,460 | 14.84% |
| 2% + GST | ₹7,080 | ₹2,92,920 | 15.69% |
| 3% + GST | ₹10,620 | ₹2,89,380 | 16.56% |
Every lender must show the APR and total repayable amount in the Key Fact Statement before you sign. Compare offers on that figure, not on the headline rate. At a 2% fee, this loan's APR is about 15.69%.
Can you afford this EMI?
Lenders usually keep all your EMIs together within about 40% to 50% of net monthly income. For an EMI of ₹10,253 with no other loans, that means a take-home income of at least ₹21,000 at the 50% limit, and about ₹26,000 to stay within a more comfortable 40%. Existing EMIs, including credit card EMIs, reduce what is left for this one.
Check what your health insurance will reimburse before you fix the amount. Paying the reimbursement into the loan as a part-prepayment cuts both the balance and the interest.
Prepay to cut the interest
Paying a lump sum towards the principal reduces the interest for the rest of the loan. On ₹3 lakh at 14% over 3 years, a part-prepayment of ₹30,000 after the first year:
- with the EMI kept at ₹10,253, closes the loan about 3 months early and saves roughly ₹8,988 of interest;
- with the tenure kept, cuts the EMI to about ₹8,813 and saves roughly ₹4,569 of interest.
Keeping the EMI and shortening the tenure saves more. Floating-rate loans to individuals cannot carry prepayment charges; fixed-rate loans may, so check your agreement first.
How medical loan EMI is calculated
Lenders use the reducing-balance formula: EMI = P × R × (1 + R)N ÷ ((1 + R)N − 1), where P is the loan amount, R is the yearly rate divided by 12 and by 100, and N is the number of monthly instalments.
For ₹3 lakh at 14% over 36 months, R is 0.011667 and the EMI comes to ₹10,253. In the first month, ₹3,500 of it is interest and ₹6,753 repays principal. Each month the balance falls, so the interest part shrinks and the principal part grows. In the first year you pay about ₹36,592 in interest, which is 30% of what you pay in that period. The year-by-year schedule in the calculator shows the full split.
Before you apply for a medical loan
The calculator tells you what the loan costs. Before you apply, check whether you qualify, what documents lenders ask for and the mistakes borrowers most often make.
Related EMI calculators
Planning tools
Compare banks for a personal loan
Published rates, processing fees, tenure and prepayment terms side by side, taken from each loan provider's own website.
Compare any two or three banks and NBFCs · All personal loan comparisons by bank
Medical Loan EMI: frequently asked questions
What is the EMI for a medical loan of ₹3,00,000?
At 14% a year for 3 years, the EMI is ₹10,253 and the total interest is ₹69,118. Over 2 years the EMI rises to ₹14,404 but the interest falls to ₹45,693.
How is medical loan EMI calculated?
With the reducing-balance formula EMI = P x R x (1+R)^N / ((1+R)^N - 1), where R is the monthly rate and N the number of months. Interest is charged only on the balance still outstanding, so the interest part of each EMI falls over time.
Does the medical loan EMI include the processing fee?
No. The EMI covers interest and principal. The processing fee, usually around 1% to 3% of the amount plus 18% GST, is generally deducted upfront. Use the APR in the Key Fact Statement to compare total cost.
How can I reduce my medical loan EMI?
Choose a longer tenure, borrow less, or get a lower rate by improving your credit score or comparing lenders. A longer tenure lowers the EMI but raises the total interest, so pick the shortest tenure you can comfortably afford.
Is the rate in this calculator my actual medical loan rate?
No. 14% is an example within the indicative range of about 11% to 24%. Your rate depends on the lender, your credit score, income and the loan details. Enter the rate in your own offer for an exact EMI.
Does prepaying a medical loan save money?
Yes. Here, prepaying ₹30,000 after one year saves roughly ₹8,988 of interest if you keep the EMI. Floating-rate loans to individuals cannot carry prepayment charges; fixed-rate loans may.
Rates, fees and limits are indicative ranges for India, reviewed on the date above. KhatuLoans is not a lender and does not decide approval or pricing. Read our editorial policy and how we make money.
Official sources and further reading
These guides are written from Reserve Bank of India rules and official scheme pages. Rules, rates and scheme terms change, so check the current position on these sites and in your lender's Key Fact Statement before you apply.
- RBI: Key Facts Statement (KFS) for loans and advances. The Reserve Bank of India notification that tells lenders to give every borrower a plain-language statement of the full cost of a loan.
- RBI Complaint Management System. Where to take a complaint against a bank, NBFC or other regulated lender if the lender does not resolve it.
- RBI (Pre-payment Charges on Loans) Directions, 2025. Bars pre-payment charges on floating-rate loans taken by individuals for non-business purposes, for loans sanctioned or renewed from 1 January 2026.
- Reserve Bank - Integrated Ombudsman Scheme, 2021. The single complaint scheme for customers of banks, NBFCs and other RBI-regulated lenders.
- RBI: Free Annual Credit Report to Individuals. Credit bureaus must give you one free full credit report with score every calendar year.
- RBI Financial Education. Consumer guidance from the Reserve Bank of India on borrowing, fraud and your rights as a customer.
Edited by Hemant Kumar. Rates on this site are indicative ranges, not offers.