₹1 lakh personal loan EMI calculator
The monthly EMI on a ₹1 lakh personal loan at every common interest rate and tenure, what it costs in total, and the salary you need to qualify. Change any number below to match your offer.
The short answer
The EMI on a ₹1 lakh personal loan at 12% for 3 years is ₹3,321 per month. Over the full term you pay ₹1,19,572: ₹1,00,000 principal plus ₹19,572 interest.
Monthly EMI
₹3,321
Total interest
₹19,572
Total payable
₹1,19,572
EMI = P·r·(1+r)ⁿ / ((1+r)ⁿ−1). Estimates only - confirm exact figures with your lender.
₹1 lakh personal loan EMI by rate and tenure
Monthly EMI. Rates are a typical range, not a quote from any bank.
| Tenure | 10.5% | 12% | 14% | 16% | 18% |
|---|---|---|---|---|---|
| 1 yr | ₹8,815 | ₹8,885 | ₹8,979 | ₹9,073 | ₹9,168 |
| 2 yrs | ₹4,638 | ₹4,707 | ₹4,801 | ₹4,896 | ₹4,992 |
| 3 yrs | ₹3,250 | ₹3,321 | ₹3,418 | ₹3,516 | ₹3,615 |
| 4 yrs | ₹2,560 | ₹2,633 | ₹2,733 | ₹2,834 | ₹2,937 |
| 5 yrs | ₹2,149 | ₹2,224 | ₹2,327 | ₹2,432 | ₹2,539 |
How tenure changes the total cost
| Tenure | EMI | Total interest | Total payable |
|---|---|---|---|
| 1 yr | ₹8,885 | ₹6,619 | ₹1,06,619 |
| 2 yrs | ₹4,707 | ₹12,976 | ₹1,12,976 |
| 3 yrs | ₹3,321 | ₹19,572 | ₹1,19,572 |
| 4 yrs | ₹2,633 | ₹26,402 | ₹1,26,402 |
| 5 yrs | ₹2,224 | ₹33,467 | ₹1,33,467 |
At 12%, choosing 1 year instead of 5 saves ₹26,848 in interest. A 0.5% lower rate saves about ₹24 a month on a 3-year term, so it is worth negotiating.
Salary needed for a ₹1 lakh personal loan
Lenders usually keep your total EMIs within 40-50% of net monthly income (called FOIR). For a ₹3,321 EMI you need a take-home salary of at least ₹6,643, and around ₹8,304 to stay comfortable. Existing EMIs reduce what you can borrow.
Year-by-year breakdown
₹1 lakh personal loan at 12% for 3 years.
| Year | Principal paid | Interest paid | Balance left |
|---|---|---|---|
| 1 | ₹29,442 | ₹10,416 | ₹70,558 |
| 2 | ₹33,175 | ₹6,682 | ₹37,383 |
| 3 | ₹37,383 | ₹2,474 | ₹0 |
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Frequently asked questions
What is the EMI for a ₹1 lakh personal loan for 3 years?+
At 12% p.a., the EMI on a ₹1 lakh personal loan for 3 years is ₹3,321 per month. You repay ₹1,19,572 in total, of which ₹19,572 is interest.
How much salary do I need for a ₹1 lakh personal loan?+
Most lenders keep your total EMIs within 40-50% of net monthly income. For a ₹3,321 EMI that means a take-home salary of at least ₹6,643, and ₹8,304 or more to be comfortable (assuming no other EMIs).
How much interest will I pay on a ₹1 lakh personal loan?+
At 12%, total interest is ₹6,619 over 1 year and ₹33,467 over 5 years. A shorter tenure raises the EMI but cuts the interest sharply.
How much does a 0.5% lower rate save on a ₹1 lakh personal loan?+
Dropping from 12% to 11.5% lowers the EMI by about ₹24 a month, or ₹858 over 3 years.
Other personal loan amounts
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