A ₹15 Lakh personal loan at 12% for 5 years costs ₹33,367 a month, with ₹5,02,000 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 | ₹1,32,223 | ₹1,33,273 | ₹1,34,681 | ₹1,36,096 | ₹1,37,520 |
| 2 years | ₹69,564 | ₹70,610 | ₹72,019 | ₹73,445 | ₹74,886 |
| 3 years | ₹48,754 | ₹49,821 | ₹51,266 | ₹52,736 | ₹54,229 |
| 4 years | ₹38,405 | ₹39,501 | ₹40,990 | ₹42,510 | ₹44,062 |
| 5 years | ₹32,241 | ₹33,367 | ₹34,902 | ₹36,477 | ₹38,090 |
| 6 years | ₹28,168 | ₹29,325 | ₹30,909 | ₹32,538 | ₹34,212 |
| 7 years | ₹25,291 | ₹26,479 | ₹28,110 | ₹29,793 | ₹31,527 |
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 | ₹1,33,273 | ₹99,278 | 7% |
| 2 years | ₹70,610 | ₹1,94,645 | 13% |
| 3 years | ₹49,821 | ₹2,93,573 | 20% |
| 4 years | ₹39,501 | ₹3,96,036 | 26% |
| 5 years | ₹33,367 | ₹5,02,000 | 33% |
| 6 years | ₹29,325 | ₹6,11,421 | 41% |
| 7 years | ₹26,479 | ₹7,24,244 | 48% |
| Year | Principal paid | Interest paid | Balance at year end |
|---|---|---|---|
| Year 1 | ₹2,32,935 | ₹1,67,465 | ₹12,67,065 |
| Year 2 | ₹2,62,477 | ₹1,37,923 | ₹10,04,587 |
| Year 3 | ₹2,95,766 | ₹1,04,634 | ₹7,08,821 |
| Year 4 | ₹3,33,277 | ₹67,123 | ₹3,75,544 |
| Year 5 | ₹3,75,544 | ₹24,856 | ₹0 |
In the early years most of each EMI goes to interest; in year 1 you repay only ₹2,32,935 of principal. Prepaying early saves the most interest.
At 12% a year, the EMI on ₹15,00,000 is ₹33,367 for 5 years and ₹26,479 for 7 years.
Over 5 years at 12% you pay ₹5,02,000 in interest, so the total repayment is ₹20,02,000.
Lenders usually want your EMIs under about half of your take-home pay, so a net monthly income of about ₹66,733 or more for ₹33,367 a month (less if you have no other loans; more if you do).