₹6.7 L total interest · ₹26.7 L total repayable
A ₹20 lakh personal loan at a typical rate of 12% over 5 years costs about ₹44,489 per month. Across the full 5 years you repay ₹26,69,334 — ₹6,69,334 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 ₹20 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% | ₹1,75,832 | ₹92,290 | ₹64,534 | ₹50,725 | ₹42,494 |
| 11% | ₹1,76,763 | ₹93,216 | ₹65,477 | ₹51,691 | ₹43,485 |
| 12% | ₹1,77,698 | ₹94,147 | ₹66,429 | ₹52,668 | ₹44,489 |
| 13% | ₹1,78,635 | ₹95,084 | ₹67,388 | ₹53,655 | ₹45,506 |
| 14% | ₹1,79,574 | ₹96,026 | ₹68,355 | ₹54,653 | ₹46,537 |
| 15% | ₹1,80,517 | ₹96,973 | ₹69,331 | ₹55,661 | ₹47,580 |
Just 0.5% lower on this ₹20 lakh loan saves you about ₹30,221 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 (₹20 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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