EMI for 10 Lakh Personal Loan — Compare Rates and Tenures
Calculate EMI for Rs 10 lakh personal loan at different interest rates and tenures. Compare banks to find the lowest cost option.
Rs 10 lakh is typically the maximum unsecured personal loan amount offered by major Indian banks. At 12% for 5 years the monthly EMI is Rs 22244 with total interest of Rs 3.35 lakh. For this amount consider whether a secured loan (gold loan or loan against FD) at lower rates might be more cost-effective.
Calculate Now
Personal Loan EMI Calculator
Key Information
| Parameter | Details |
|---|---|
| EMI at 11% for 3 years | Rs 32739 per month |
| EMI at 12% for 5 years | Rs 22244 per month |
| Total Interest (12% 3 yrs) | Rs 1.96 lakh |
| Total Interest (12% 5 yrs) | Rs 3.35 lakh |
Calculate 10 lakh personal loan EMI
Get accurate results instantly — 100% free, no signup required
Use Calculator NowFrequently Asked Questions
What is the cheapest way to borrow 10 lakh?
Options ranked by interest cost: Gold loan (7-9%) > Loan against FD (7.5-9%) > Loan against mutual funds (9-11%) > Personal loan (10-16%) > Credit card (24-42%). For Rs 10L borrowing a gold loan saves Rs 50000-150000 versus personal loan over 3 years. Consider secured options first if you have collateral.
10 lakh personal loan EMI on Rs 60000 salary?
At Rs 60000 monthly salary banks allow EMI up to Rs 24000-30000 (40-50% of income). At 12% for 5 years EMI is Rs 22244 which fits within limits. However if you have existing EMIs (home loan car loan) they reduce eligibility. Banks also consider credit score employment stability and company category.
Can I prepay a 10 lakh personal loan?
Yes most banks allow prepayment after 6-12 months. Prepayment charges range from 0% (some digital lenders) to 2-5% of outstanding amount. At 12% interest even with 2% prepayment charge prepaying after 1 year saves approximately Rs 1.5 lakh in interest. Check your bank specific prepayment terms before borrowing.
Related Calculators
Last updated: March 2026