₹5 L total interest · ₹20 L total repayable
A ₹15 lakh personal loan at a typical rate of 12% over 5 years costs about ₹33,367 per month. Across the full 5 years you repay ₹20,02,000 — ₹5,02,000 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 ₹15 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% | ₹1,31,874 | ₹69,217 | ₹48,401 | ₹38,044 | ₹31,871 |
| 11% | ₹1,32,572 | ₹69,912 | ₹49,108 | ₹38,768 | ₹32,614 |
| 12% | ₹1,33,273 | ₹70,610 | ₹49,821 | ₹39,501 | ₹33,367 |
| 13% | ₹1,33,976 | ₹71,313 | ₹50,541 | ₹40,241 | ₹34,130 |
| 14% | ₹1,34,681 | ₹72,019 | ₹51,266 | ₹40,990 | ₹34,902 |
| 15% | ₹1,35,387 | ₹72,730 | ₹51,998 | ₹41,746 | ₹35,685 |
Just 0.5% lower on this ₹15 lakh loan saves you about ₹22,666 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 (₹15 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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