Monthly EMI for personal loans from ₹1 lakh to ₹25 lakh at 12% interest for 3 years, with the total interest. Choose an amount for EMIs at other rates and tenures.
EMI by amount at 12% over 3 years
| Loan amount | EMI | Total interest | Total repaid |
|---|---|---|---|
| ₹1 lakh | ₹3,321 | ₹19,572 | ₹1.2 lakh |
| ₹2 lakh | ₹6,643 | ₹39,143 | ₹2.39 lakh |
| ₹3 lakh | ₹9,964 | ₹58,715 | ₹3.59 lakh |
| ₹4 lakh | ₹13,286 | ₹78,286 | ₹4.78 lakh |
| ₹5 lakh | ₹16,607 | ₹97,858 | ₹5.98 lakh |
| ₹6 lakh | ₹19,929 | ₹1.17 lakh | ₹7.17 lakh |
| ₹7 lakh | ₹23,250 | ₹1.37 lakh | ₹8.37 lakh |
| ₹8 lakh | ₹26,571 | ₹1.57 lakh | ₹9.57 lakh |
| ₹10 lakh | ₹33,214 | ₹1.96 lakh | ₹11.96 lakh |
| ₹15 lakh | ₹49,821 | ₹2.94 lakh | ₹17.94 lakh |
| ₹20 lakh | ₹66,429 | ₹3.91 lakh | ₹23.91 lakh |
| ₹25 lakh | ₹83,036 | ₹4.89 lakh | ₹29.89 lakh |
How these figures are worked out
Payments use the standard reducing-balance formula that lenders use: interest is charged each month on the balance still owed, and the fixed payment covers that interest plus some of the balance. Personal loans are usually fixed-rate, and many lenders charge a foreclosure fee of a few percent if you close the loan early.
For a figure that is not in the table, or to change the assumptions, use the EMI calculator.
Reducing-balance EMI. Processing fees (often 1% to 3%) and GST on fees are not included. An estimate.