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EMI on ₹3 lakh Personal Loan for 3 years

The EMI on a ₹3 lakh personal loan for 3 years at 12% a year is ₹9,964 a month. You pay ₹58,715 as interest, so the total repaid is ₹3,58,715.

Loan amount
₹3,00,000
Interest rate
12% a year
Tenure
3 years (36 months)
Monthly EMI
₹9,964
Total interest
₹58,715
Total amount paid
₹3,58,715
Processing fee at 2% + GST
₹7,080

If the rate is different

At 11.5% the EMI would be ₹9,893; at 12.5% it would be ₹10,036. Every 0.5% changes the total interest by about ₹2,585 over the full tenure.

Year by year

YearPrincipal paidInterest paidLoan left
1₹88,325₹31,247₹2,11,675
2₹99,526₹20,045₹1,12,149
3₹1,12,149₹7,423₹0

If the interest rate is different

RateMonthly EMITotal interest
11%₹9,822₹53,578
11.5%₹9,893₹56,141
12% (this page)₹9,964₹58,715
12.5%₹10,036₹61,299
13%₹10,108₹63,895

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.

Try your own numbers

Similar answers

Rates used: October–December 2026 where a government rate applies. Results are estimates.