₹1 L total interest · ₹4 L total repayable
A ₹3 lakh personal loan at a typical rate of 12% over 5 years costs about ₹6,673 per month. Across the full 5 years you repay ₹4,00,400 — ₹1,00,400 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 ₹3 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% | ₹26,375 | ₹13,843 | ₹9,680 | ₹7,609 | ₹6,374 |
| 11% | ₹26,514 | ₹13,982 | ₹9,822 | ₹7,754 | ₹6,523 |
| 12% | ₹26,655 | ₹14,122 | ₹9,964 | ₹7,900 | ₹6,673 |
| 13% | ₹26,795 | ₹14,263 | ₹10,108 | ₹8,048 | ₹6,826 |
| 14% | ₹26,936 | ₹14,404 | ₹10,253 | ₹8,198 | ₹6,980 |
| 15% | ₹27,077 | ₹14,546 | ₹10,400 | ₹8,349 | ₹7,137 |
Just 0.5% lower on this ₹3 lakh loan saves you about ₹4,533 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 (₹3 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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