EMI Calculator

1 lakh personal loan EMI calculator

By Anchal Katyal · Written on Jun 12, 2026 · Verified on Oct 11, 2026

EMI on ₹1 lakh at 12.5% for 3 years is about ₹ 3,345 a month, with ₹ 20,433 in total interest. Change the rate, tenure or amount below, or add a prepayment to compare.

What you'll learn:

  • EMI across common rates and tenures
  • What to plan for at ₹1 lakh
  • Total repayment in a worked example
Personal Loan
Personal Loan
Currency
Principal you borrow: the starting balance before interest accrues.Learn more
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Annual rate charged on the outstanding balance. EMI uses rate ÷ 12 each month.Learn more
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Repayment period in months. Longer tenure lowers EMI but usually raises total interest.Learn more
mo
One-time charge as a % of the amount, usually paid upfront or cut from the payout. It does not change the EMI but adds to what you pay in total.Learn more
%
Extra payments toward principal (lump-sum or monthly). Reduce tenure usually saves more interest. Reduce EMI if you need cash-flow relief.Learn more
₹
₹
Shows what share of your monthly take-home pay goes to EMIs (FOIR). Banks usually cap all EMIs at 40% to 50% of net income.Learn more
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₹
Monthly EMI-
Principal-
Total interest-
Total payment-
Interest share-
EMIs use - of take-home
Payment breakup
  • Principal
  • Interest

Amortization schedule
Starting from

Yearly principal vs interest

  • Principal
  • Interest
#DateEMIPrincipalInterestBalance

Lowest personal loan rates from Indian lenders

Your EMI at each lender for ₹ 1 Lakh over 3 yrs, at the low and high ends of its public rate band. The low end goes to the strongest profiles; your sanction letter sets your rate.

LenderRate bandEMI fromEMI up toLender's page
Canara Bank9.7% to 14.7%₹ 3,213₹ 3,452Get offer: Canara Bank (opens in a new tab)
HDFC9.99% to 24%₹ 3,226₹ 3,923Get offer: HDFC (opens in a new tab)
ICICI9.99% to 16.5%₹ 3,226₹ 3,540Get offer: ICICI (opens in a new tab)
Axis9.99% to 22%₹ 3,226₹ 3,819Get offer: Axis (opens in a new tab)
SBI10% to 15%₹ 3,227₹ 3,467Get offer: SBI (opens in a new tab)
Bajaj Finserv10% to 30.5%₹ 3,227₹ 4,273Get offer: Bajaj Finserv (opens in a new tab)
Bank of Baroda10.4% to 15.75%₹ 3,246₹ 3,503Get offer: Bank of Baroda (opens in a new tab)
PNB10.5% onwards₹ 3,250–Get offer: PNB (opens in a new tab)
Kotak10.99% onwards₹ 3,273–Get offer: Kotak (opens in a new tab)

Ordered by lowest advertised rate. Bands checked against each lender's public rate card between 10 Oct 2026 and 11 Oct 2026; they are not live quotes. We are not a lender and do not collect your details: "Get offer" opens the lender's own site. Fees, repo-hike status and public vs private averages are on the personal loan interest rates page.

Planning a ₹1 lakh personal loan EMI

₹1 lakh personal loan EMI is about ₹ 3,345 at 12.5% for 3 years, with total interest roughly ₹ 20,433 if you never prepay and the rate does not change. A ₹1 lakh personal loan usually covers a course fee, travel, or a short cash gap.

With a 2% processing fee plus GST, you would receive about ₹97,640 but still repay the full ₹1 lakh. The 'from' rate in an advert goes to the strongest applicants. Use the rate in your offer letter.

EMI at common rates for ₹ 1,00,000

Monthly reducing-balance EMI if the rate stays constant. Highlighted cells are nearest to 12.5% for 3 years.

Rate1 yr2 yr3 yr4 yr5 yr
10.5%₹ 8,815₹ 4,638₹ 3,250₹ 2,560₹ 2,149
11.5%₹ 8,862₹ 4,684₹ 3,298₹ 2,609₹ 2,199
12.5%₹ 8,908₹ 4,731₹ 3,345₹ 2,658₹ 2,250
13.5%₹ 8,955₹ 4,778₹ 3,394₹ 2,708₹ 2,301
15%₹ 9,026₹ 4,849₹ 3,467₹ 2,783₹ 2,379
18%₹ 9,168₹ 4,992₹ 3,615₹ 2,938₹ 2,539

Figures exclude processing fees, insurance, and floating-rate resets. Use the calculator above for your exact quote, then stress rate +1%. See also the personal loan EMI calculator, prepayment, and eligibility tools.

Key takeaways

  • Repaying in 2 years instead of 3 raises the EMI to ₹4,731 but saves about ₹6,896 in interest.
  • Stretching to 4 years lowers the EMI to ₹2,658 but adds about ₹7,151 in interest.
  • Counting that fee, the real yearly cost is about 14.2%, not 12.5%.
  • Prepaying ₹20,000 after a year, if your lender allows it, saves about ₹4,799 in interest and ends the loan 7 months early.

Worked example: ₹ 1,00,000 at 12.5% for 3 years

₹ 1,00,000 personal loan EMI ≈ ₹ 3,345. Over 36 months you would pay about ₹ 1,20,433 in total, of which roughly ₹ 20,433 is interest if you make no prepayments and the rate stays constant. Raise the rate by 1%, or add a lump sum under Prepayments, to see how much the total interest changes.

Formula: Standard reducing-balance EMI formula. Add processing fee (often 1% to 3%) on top of total payment, and use the net amount received if fees are deducted at disbursal.

Figures are estimates for education and planning and may differ from your lender’s schedule due to fees, floating rates, or product rules.

Last updated on Oct 11, 2026.