A ₹5 Lakh personal loan at 12% for 5 years costs ₹11,122 a month, with ₹1,67,333 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 | ₹44,074 | ₹44,424 | ₹44,894 | ₹45,365 | ₹45,840 |
| 2 years | ₹23,188 | ₹23,537 | ₹24,006 | ₹24,482 | ₹24,962 |
| 3 years | ₹16,251 | ₹16,607 | ₹17,089 | ₹17,579 | ₹18,076 |
| 4 years | ₹12,802 | ₹13,167 | ₹13,663 | ₹14,170 | ₹14,687 |
| 5 years | ₹10,747 | ₹11,122 | ₹11,634 | ₹12,159 | ₹12,697 |
| 6 years | ₹9,389 | ₹9,775 | ₹10,303 | ₹10,846 | ₹11,404 |
| 7 years | ₹8,430 | ₹8,826 | ₹9,370 | ₹9,931 | ₹10,509 |
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 | ₹44,424 | ₹33,093 | 7% |
| 2 years | ₹23,537 | ₹64,882 | 13% |
| 3 years | ₹16,607 | ₹97,858 | 20% |
| 4 years | ₹13,167 | ₹1,32,012 | 26% |
| 5 years | ₹11,122 | ₹1,67,333 | 33% |
| 6 years | ₹9,775 | ₹2,03,807 | 41% |
| 7 years | ₹8,826 | ₹2,41,415 | 48% |
| Year | Principal paid | Interest paid | Balance at year end |
|---|---|---|---|
| Year 1 | ₹77,645 | ₹55,822 | ₹4,22,355 |
| Year 2 | ₹87,492 | ₹45,974 | ₹3,34,862 |
| Year 3 | ₹98,589 | ₹34,878 | ₹2,36,274 |
| Year 4 | ₹1,11,092 | ₹22,374 | ₹1,25,181 |
| Year 5 | ₹1,25,181 | ₹8,285 | ₹0 |
In the early years most of each EMI goes to interest; in year 1 you repay only ₹77,645 of principal. Prepaying early saves the most interest.
At 12% a year, the EMI on ₹5,00,000 is ₹11,122 for 5 years and ₹8,826 for 7 years.
Over 5 years at 12% you pay ₹1,67,333 in interest, so the total repayment is ₹6,67,333.
Lenders usually want your EMIs under about half of your take-home pay, so a net monthly income of about ₹22,244 or more for ₹11,122 a month (less if you have no other loans; more if you do).