L&T Finance (PLANET app) EMI Calculator
Estimate your monthly EMI for a L&T Finance (PLANET app) personal loan at 10.5% - 24% p.a.. Adjust the amount, rate and tenure to plan repayment before you apply.
Your Monthly EMI
₹8,815
per month
₹1,05,778
Total Payable
₹1,00,000
₹5,778
L&T Finance (PLANET app) Loan at a Glance
10.5% - 24% p.a.
Interest Rate
₹30,00,000
Max Loan
12 months to 72 months
Tenure
Up to 4% + GST
Processing Fee
No firm time. Website: approval within 2 minutes, some customers report disbursal within 15 minutes; PLANET page: disbursal in 7 mins; Play: approval in 5 minutes and same-day disbursal; campaign T&C: timelines may vary
Disbursal
What a ₹1,00,000 L&T Finance (PLANET app) Loan Costs
Here's a worked example for a ₹1,00,000 loan over 12 months at 10.5% p.a. — the interest is what you pay on top of the amount you borrow.
₹8,815
Monthly EMI
₹5,780
Total Interest
₹1,05,780
Total Repayment
Note: a processing fee (Up to 4% + GST) and applicable GST are charged separately and are not included above.
L&T Finance (PLANET app) EMI Table @ 10.5% p.a.
| Loan Amount | 6 months | 12 months | 18 months | 24 months | 36 months |
|---|---|---|---|---|---|
| ₹10,000 | ₹1,718 | ₹881 | ₹603 | ₹464 | ₹325 |
| ₹25,000 | ₹4,295 | ₹2,204 | ₹1,507 | ₹1,159 | ₹813 |
| ₹50,000 | ₹8,590 | ₹4,407 | ₹3,014 | ₹2,319 | ₹1,625 |
| ₹1,00,000 | ₹17,181 | ₹8,815 | ₹6,029 | ₹4,638 | ₹3,250 |
| ₹2,00,000 | ₹34,362 | ₹17,630 | ₹12,058 | ₹9,275 | ₹6,500 |
| ₹5,00,000 | ₹85,904 | ₹44,074 | ₹30,144 | ₹23,188 | ₹16,251 |
| ₹10,00,000 | ₹1,71,808 | ₹88,149 | ₹60,288 | ₹46,376 | ₹32,502 |
* EMI calculated using the reducing-balance method at 10.5% p.a. (0.88% per month). Your actual EMI depends on the rate L&T Finance (PLANET app) offers you. Rate sourced from L&T Finance (PLANET app)'s official disclosures, verified 4 Nov 2026.
How L&T Finance (PLANET app) EMI Is Calculated
An EMI (Equated Monthly Instalment) is the fixed amount you repay each month — part interest, part principal. L&T Finance (PLANET app) uses the standard reducing-balance formula, so the interest portion shrinks every month as your outstanding balance falls.
- P = principal (the amount you borrow)
- r = monthly interest rate = annual rate ÷ 12 ÷ 100 (here, 10.5% ÷ 12 = 0.88%)
- n = number of monthly instalments (the tenure)
How to Lower Your L&T Finance (PLANET app) EMI
Choose a longer tenure
Spreading the loan over more months cuts each EMI — but raises total interest, so balance affordability against cost.
Borrow only what you need
A smaller principal means a smaller EMI. Avoid topping up just because a higher limit is offered.
Improve your credit score
A higher CIBIL score can earn a lower rate than 10.5% - 24% p.a., directly reducing your EMI.
Prepay when you can
Part-prepaying early in the tenure lowers the outstanding balance and the interest you pay on every future EMI.
Ready to apply with L&T Finance (PLANET app)?
Check your eligibility in under two minutes — no impact on your credit score — and see the rate and EMI you actually qualify for.
Check Your Eligibility