EMI on ₹10 lakh Personal Loan for 5 years

The EMI on a ₹10 lakh personal loan for 5 years at 12% a year is ₹22,244 a month. You pay ₹3,34,667 as interest, so the total repaid is ₹13,34,667.

Loan amount: ₹10,00,000
Interest rate: 12% a year
Tenure: 5 years (60 months)
Monthly EMI: ₹22,244
Total interest: ₹3,34,667
Total amount paid: ₹13,34,667
Processing fee at 2% + GST: ₹23,600

If the rate is different

At 11.5% the EMI would be ₹21,993; at 12.5% it would be ₹22,498. Every 0.5% changes the total interest by about ₹15,209 over the full tenure.

Year by year

Year	Principal paid	Interest paid	Loan left
1	₹1,55,290	₹1,11,643	₹8,44,710
2	₹1,74,985	₹91,948	₹6,69,725
3	₹1,97,177	₹69,756	₹4,72,547
4	₹2,22,184	₹44,749	₹2,50,363
5	₹2,50,363	₹16,570	₹0

If the interest rate is different

Rate	Monthly EMI	Total interest
11%	₹21,742	₹3,04,545
11.5%	₹21,993	₹3,19,556
12% (this page)	₹22,244	₹3,34,667
12.5%	₹22,498	₹3,49,876
13%	₹22,753	₹3,65,184

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.