₹5 Lakh Personal Loan EMI Breakdown
| Interest | 3 Years | 5 Years | 7 Years |
|---|---|---|---|
| 10% | ₹16,134 | ₹10,624 | ₹8,301 |
| 12% | ₹16,607 | ₹11,122 | ₹8,841 |
| 14% | ₹17,090 | ₹11,634 | ₹8,960 |
Total Interest You Will Pay
At 12% for 5 years: EMI ₹11,122 × 60 months = ₹6,67,320. Interest = ₹1,67,320. You pay ₹1.67 lakh extra as interest.
Shorter tenure = less interest paid. Choose 3 years if you can afford ₹16,607 EMI.