A ₹10 Lakh personal loan at 12% for 5 years costs ₹22,244 a month, with ₹3,34,667 of interest in total. Below are the EMIs for every tenure at 10.5–18%, and how the balance falls year by year.
| Tenure | 10.5% | 12% | 14% | 16% | 18% |
|---|---|---|---|---|---|
| 1 year | ₹88,149 | ₹88,849 | ₹89,787 | ₹90,731 | ₹91,680 |
| 2 years | ₹46,376 | ₹47,073 | ₹48,013 | ₹48,963 | ₹49,924 |
| 3 years | ₹32,502 | ₹33,214 | ₹34,178 | ₹35,157 | ₹36,152 |
| 4 years | ₹25,603 | ₹26,334 | ₹27,326 | ₹28,340 | ₹29,375 |
| 5 years | ₹21,494 | ₹22,244 | ₹23,268 | ₹24,318 | ₹25,393 |
| 6 years | ₹18,779 | ₹19,550 | ₹20,606 | ₹21,692 | ₹22,808 |
| 7 years | ₹16,861 | ₹17,653 | ₹18,740 | ₹19,862 | ₹21,018 |
Interest rates are typical November 2026 ranges for illustration; your rate depends on the lender, your credit score and income. Use the calculator above for your own rate.
| Tenure | EMI | Total interest | Interest as % of loan |
|---|---|---|---|
| 1 years | ₹88,849 | ₹66,185 | 7% |
| 2 years | ₹47,073 | ₹1,29,763 | 13% |
| 3 years | ₹33,214 | ₹1,95,715 | 20% |
| 4 years | ₹26,334 | ₹2,64,024 | 26% |
| 5 years | ₹22,244 | ₹3,34,667 | 33% |
| 6 years | ₹19,550 | ₹4,07,614 | 41% |
| 7 years | ₹17,653 | ₹4,82,830 | 48% |
| Year | Principal paid | Interest paid | Balance at year end |
|---|---|---|---|
| Year 1 | ₹1,55,290 | ₹1,11,643 | ₹8,44,710 |
| Year 2 | ₹1,74,985 | ₹91,948 | ₹6,69,725 |
| Year 3 | ₹1,97,177 | ₹69,756 | ₹4,72,547 |
| Year 4 | ₹2,22,184 | ₹44,749 | ₹2,50,363 |
| Year 5 | ₹2,50,363 | ₹16,570 | ₹0 |
In the early years most of each EMI goes to interest; in year 1 you repay only ₹1,55,290 of principal. Prepaying early saves the most interest.
At 12% a year, the EMI on ₹10,00,000 is ₹22,244 for 5 years and ₹17,653 for 7 years.
Over 5 years at 12% you pay ₹3,34,667 in interest, so the total repayment is ₹13,34,667.
Lenders usually want your EMIs under about half of your take-home pay, so a net monthly income of about ₹44,489 or more for ₹22,244 a month (less if you have no other loans; more if you do).