₹2.3 L total interest · ₹9.3 L total repayable
A ₹7 lakh personal loan at a typical rate of 12% over 5 years costs about ₹15,571 per month. Across the full 5 years you repay ₹9,34,267 — ₹2,34,267 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 ₹7 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% | ₹61,541 | ₹32,301 | ₹22,587 | ₹17,754 | ₹14,873 |
| 11% | ₹61,867 | ₹32,625 | ₹22,917 | ₹18,092 | ₹15,220 |
| 12% | ₹62,194 | ₹32,951 | ₹23,250 | ₹18,434 | ₹15,571 |
| 13% | ₹62,522 | ₹33,279 | ₹23,586 | ₹18,779 | ₹15,927 |
| 14% | ₹62,851 | ₹33,609 | ₹23,924 | ₹19,129 | ₹16,288 |
| 15% | ₹63,181 | ₹33,941 | ₹24,266 | ₹19,482 | ₹16,653 |
Just 0.5% lower on this ₹7 lakh loan saves you about ₹10,577 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 (₹7 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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