₹1.7 L total interest · ₹6.7 L total repayable
A ₹5 lakh personal loan at a typical rate of 12% over 5 years costs about ₹11,122 per month. Across the full 5 years you repay ₹6,67,333 — ₹1,67,333 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 ₹5 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% | ₹43,958 | ₹23,072 | ₹16,134 | ₹12,681 | ₹10,624 |
| 11% | ₹44,191 | ₹23,304 | ₹16,369 | ₹12,923 | ₹10,871 |
| 12% | ₹44,424 | ₹23,537 | ₹16,607 | ₹13,167 | ₹11,122 |
| 13% | ₹44,659 | ₹23,771 | ₹16,847 | ₹13,414 | ₹11,377 |
| 14% | ₹44,894 | ₹24,006 | ₹17,089 | ₹13,663 | ₹11,634 |
| 15% | ₹45,129 | ₹24,243 | ₹17,333 | ₹13,915 | ₹11,895 |
Just 0.5% lower on this ₹5 lakh loan saves you about ₹7,555 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 (₹5 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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