A ₹3 Lakh personal loan at 12% for 5 years costs ₹6,673 a month, with ₹1,00,400 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 | ₹26,445 | ₹26,655 | ₹26,936 | ₹27,219 | ₹27,504 |
| 2 years | ₹13,913 | ₹14,122 | ₹14,404 | ₹14,689 | ₹14,977 |
| 3 years | ₹9,751 | ₹9,964 | ₹10,253 | ₹10,547 | ₹10,846 |
| 4 years | ₹7,681 | ₹7,900 | ₹8,198 | ₹8,502 | ₹8,812 |
| 5 years | ₹6,448 | ₹6,673 | ₹6,980 | ₹7,295 | ₹7,618 |
| 6 years | ₹5,634 | ₹5,865 | ₹6,182 | ₹6,508 | ₹6,842 |
| 7 years | ₹5,058 | ₹5,296 | ₹5,622 | ₹5,959 | ₹6,305 |
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 | ₹26,655 | ₹19,856 | 7% |
| 2 years | ₹14,122 | ₹38,929 | 13% |
| 3 years | ₹9,964 | ₹58,715 | 20% |
| 4 years | ₹7,900 | ₹79,207 | 26% |
| 5 years | ₹6,673 | ₹1,00,400 | 33% |
| 6 years | ₹5,865 | ₹1,22,284 | 41% |
| 7 years | ₹5,296 | ₹1,44,849 | 48% |
| Year | Principal paid | Interest paid | Balance at year end |
|---|---|---|---|
| Year 1 | ₹46,587 | ₹33,493 | ₹2,53,413 |
| Year 2 | ₹52,495 | ₹27,585 | ₹2,00,917 |
| Year 3 | ₹59,153 | ₹20,927 | ₹1,41,764 |
| Year 4 | ₹66,655 | ₹13,425 | ₹75,109 |
| Year 5 | ₹75,109 | ₹4,971 | ₹0 |
In the early years most of each EMI goes to interest; in year 1 you repay only ₹46,587 of principal. Prepaying early saves the most interest.
At 12% a year, the EMI on ₹3,00,000 is ₹6,673 for 5 years and ₹5,296 for 7 years.
Over 5 years at 12% you pay ₹1,00,400 in interest, so the total repayment is ₹4,00,400.
Lenders usually want your EMIs under about half of your take-home pay, so a net monthly income of about ₹13,347 or more for ₹6,673 a month (less if you have no other loans; more if you do).