Personal loan EMI for ₹3 lakh
A ₹3 lakh personal loan at 12% for 3 years costs ₹9,964 a month. Total interest is ₹58,715. The table shows the EMI for other rates and tenures; the highlighted cell is this example.
| Rate | 1 yr | 2 yrs | 3 yrs | 4 yrs | 5 yrs |
|---|---|---|---|---|---|
| 10.5% | ₹26,445 | ₹13,913 | ₹9,751 | ₹7,681 | ₹6,448 |
| 12% | ₹26,655 | ₹14,122 | ₹9,964 | ₹7,900 | ₹6,673 |
| 14% | ₹26,936 | ₹14,404 | ₹10,253 | ₹8,198 | ₹6,980 |
| 16% | ₹27,219 | ₹14,689 | ₹10,547 | ₹8,502 | ₹7,295 |
| 18% | ₹27,504 | ₹14,977 | ₹10,846 | ₹8,812 | ₹7,618 |
| 21% | ₹27,934 | ₹15,416 | ₹11,303 | ₹9,290 | ₹8,116 |
Interest you pay by tenure
| Tenure | EMI at 12% | Total interest |
|---|---|---|
| 1 yr | ₹26,655 | ₹19,856 |
| 2 yrs | ₹14,122 | ₹38,929 |
| 3 yrs | ₹9,964 | ₹58,715 |
| 4 yrs | ₹7,900 | ₹79,207 |
| 5 yrs | ₹6,673 | ₹1,00,400 |
A shorter tenure means a higher EMI but much less interest. Change any number in the calculator above, or open the full personal loan EMI calculator.
Questions people ask
What is the EMI for a ₹3 lakh personal loan?
₹9,964 a month at 12% for 3 years. At 21% it would be ₹11,303.