EMI on a ₹15 lakh personal loan
What is the EMI on a ₹15 lakh personal loan?
₹50,541 / month
At 13% for 3 years. You repay ₹18,19,473 in all — ₹3,19,473 of it interest.
Open in the EMI calculatorEMI by rate and tenure
| Rate | 1 yr | 2 yrs | 3 yrs | 4 yrs | 5 yrs |
|---|---|---|---|---|---|
| 10.5% | ₹1,32,223 | ₹69,564 | ₹48,754 | ₹38,405 | ₹32,241 |
| 12.0% | ₹1,33,273 | ₹70,610 | ₹49,821 | ₹39,501 | ₹33,367 |
| 13.0% | ₹1,33,976 | ₹71,313 | ₹50,541 | ₹40,241 | ₹34,130 |
| 14.0% | ₹1,34,681 | ₹72,019 | ₹51,266 | ₹40,990 | ₹34,902 |
| 16.0% | ₹1,36,096 | ₹73,445 | ₹52,736 | ₹42,510 | ₹36,477 |
| 18.0% | ₹1,37,520 | ₹74,886 | ₹54,229 | ₹44,062 | ₹38,090 |
Monthly reducing balance. Your rate depends mostly on your credit score and employer.
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₹
₹15 lakh
%
yrs
Monthly EMI
₹50,541
for 3 years · you’ll repay ₹18,19,473 in total
What the loan really costs
Interest
₹3.19 L
21% of loan
Principal
₹15,00,000
Total interest
₹3,19,473
Total paid
₹18,19,473
In year one, 28% of every EMI goes to interest.
Year by year
PrincipalInterest
Full repayment schedule
3 years
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹4,36,916 | ₹1,69,575 | ₹10,63,084 |
| 2 | ₹4,97,225 | ₹1,09,266 | ₹5,65,858 |
| 3 | ₹5,65,858 | ₹40,633 | ₹0 |
Questions people ask
What is the EMI on ₹15 lakh for 5 years?
About ₹34,130 a month at 13%. Stretching from 3 to 5 years cuts the EMI by ₹16,411 but adds ₹2.28 L of interest.
What salary do I need for a ₹15 lakh personal loan?
Lenders typically cap all your EMIs at 40–50% of take-home pay. For ₹50,541 a month with no other loans, that means an in-hand salary of roughly ₹1,12,313 — and many banks set a minimum of ₹25,000 a month.
What other charges are there?
A processing fee of 1–3% plus 18% GST is common — about ₹35,400 at 2% on ₹15 lakh, usually cut from the amount you receive. Some lenders also charge for closing the loan early.
Personal loan or credit card?
A personal loan at 11–16% is far cheaper than carrying a credit-card balance at 36–45% a year. If card debt is piling up, a loan to clear it in one go can save a lot — as long as the card stays paid off afterwards.