EMI Calculator

3 lakh personal loan EMI calculator

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

EMI on ₹3 lakh at 12.5% for 3 years is about ₹ 10,036 a month, with ₹ 61,299 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 ₹3 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
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₹
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 ₹ 3 Lakhs 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%₹ 9,638₹ 10,356Get offer: Canara Bank (opens in a new tab)
HDFC9.99% to 24%₹ 9,679₹ 11,770Get offer: HDFC (opens in a new tab)
ICICI9.99% to 16.5%₹ 9,679₹ 10,621Get offer: ICICI (opens in a new tab)
Axis9.99% to 22%₹ 9,679₹ 11,457Get offer: Axis (opens in a new tab)
SBI10% to 15%₹ 9,680₹ 10,400Get offer: SBI (opens in a new tab)
Bajaj Finserv10% to 30.5%₹ 9,680₹ 12,818Get offer: Bajaj Finserv (opens in a new tab)
Bank of Baroda10.4% to 15.75%₹ 9,737₹ 10,510Get offer: Bank of Baroda (opens in a new tab)
PNB10.5% onwards₹ 9,751–Get offer: PNB (opens in a new tab)
Kotak10.99% onwards₹ 9,820–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 ₹3 lakh personal loan EMI

₹3 lakh personal loan EMI is about ₹ 10,036 at 12.5% for 3 years, with total interest roughly ₹ 61,299 if you never prepay and the rate does not change. A ₹3 lakh personal loan suits a one-time expense such as a home repair or a family event.

With a 2% processing fee plus GST, you would receive about ₹2.9 lakh but still repay the full ₹3 lakh. Some personal loans charge for early closure, so check the terms before you plan to prepay.

EMI at common rates for ₹ 3,00,000

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%₹ 26,445₹ 13,913₹ 9,751₹ 7,681₹ 6,448
11.5%₹ 26,585₹ 14,052₹ 9,893₹ 7,827₹ 6,598
12.5%₹ 26,725₹ 14,192₹ 10,036₹ 7,974₹ 6,749
13.5%₹ 26,866₹ 14,333₹ 10,181₹ 8,123₹ 6,903
15%₹ 27,077₹ 14,546₹ 10,400₹ 8,349₹ 7,137
18%₹ 27,504₹ 14,977₹ 10,846₹ 8,813₹ 7,618

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 ₹14,192 but saves about ₹20,687 in interest.
  • Stretching to 4 years lowers the EMI to ₹7,974 but adds about ₹21,453 in interest.
  • Counting that fee, the real yearly cost is about 14.2%, not 12.5%.
  • Prepaying ₹80,000 after a year, if your lender allows it, saves about ₹17,984 in interest and ends the loan 9 months early.

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

₹ 3,00,000 personal loan EMI ≈ ₹ 10,036. Over 36 months you would pay about ₹ 3,61,299 in total, of which roughly ₹ 61,299 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.