EMI on ₹10 lakh Personal Loan for 3 years

The EMI on a ₹10 lakh personal loan for 3 years at 12% a year is ₹33,214 a month. You pay ₹1,95,715 as interest, so the total repaid is ₹11,95,715.

Loan amount: ₹10,00,000
Interest rate: 12% a year
Tenure: 3 years (36 months)
Monthly EMI: ₹33,214
Total interest: ₹1,95,715
Total amount paid: ₹11,95,715
Processing fee at 2% + GST: ₹23,600

If the rate is different

At 11.5% the EMI would be ₹32,976; at 12.5% it would be ₹33,454. Every 0.5% changes the total interest by about ₹8,615 over the full tenure.

Year by year

Year	Principal paid	Interest paid	Loan left
1	₹2,94,416	₹1,04,156	₹7,05,584
2	₹3,31,755	₹66,817	₹3,73,830
3	₹3,73,830	₹24,742	₹0

If the interest rate is different

Rate	Monthly EMI	Total interest
11%	₹32,739	₹1,78,594
11.5%	₹32,976	₹1,87,136
12% (this page)	₹33,214	₹1,95,715
12.5%	₹33,454	₹2,04,331
13%	₹33,694	₹2,12,982

Even 0.5% less on the rate saves a lot over a long loan, so compare lenders and ask about rate reductions every year.

Good to know

Banks usually want all your EMIs under 40–50% of your take-home pay.
Part-payments early in the loan cut the most interest, because early EMIs are mostly interest.
Check the processing fee and any prepayment charges, not just the rate.