₹3.3 L total interest · ₹13.3 L total repayable
A ₹10 lakh personal loan at a typical rate of 12% over 5 years costs about ₹22,244 per month. Across the full 5 years you repay ₹13,34,667 — ₹3,34,667 of it interest. Your actual EMI depends on the exact rate and tenure your lender offers, so use the table below.
EMI by interest rate & tenure
Monthly EMI for a ₹10 lakh loan. The highlighted cell is the typical personal loan rate and tenure.
| Rate \ Tenure | 1 yr | 2 yr | 3 yr | 4 yr | 5 yr |
|---|---|---|---|---|---|
| 10% | ₹87,916 | ₹46,145 | ₹32,267 | ₹25,363 | ₹21,247 |
| 11% | ₹88,382 | ₹46,608 | ₹32,739 | ₹25,846 | ₹21,742 |
| 12% | ₹88,849 | ₹47,073 | ₹33,214 | ₹26,334 | ₹22,244 |
| 13% | ₹89,317 | ₹47,542 | ₹33,694 | ₹26,827 | ₹22,753 |
| 14% | ₹89,787 | ₹48,013 | ₹34,178 | ₹27,326 | ₹23,268 |
| 15% | ₹90,258 | ₹48,487 | ₹34,665 | ₹27,831 | ₹23,790 |
Just 0.5% lower on this ₹10 lakh loan saves you about ₹15,110 over 5 years. Always compare offers from several lenders before signing.
Run your exact EMI →How the EMI is calculated
EMI uses the standard reducing-balance formula: EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the loan amount (₹10 lakh), r is the monthly interest rate (annual ÷ 12), and n is the number of months (5 × 12 = 60). Early EMIs are mostly interest; later ones are mostly principal. Figures exclude processing fees, insurance and prepayment. See the full loan & EMI calculator for an amortisation schedule.
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