₹10 Lakh Personal Loan EMI
By Sagar Kumar · Updated 23 October 2026
Change the rate or tenure below to see your exact EMI on a ₹10 lakh personal loan, or scroll down for a ready table of EMIs at every common rate.
| Total interest | — |
| Total repayment | — |
| In-hand salary needed (approx.) | — |
₹10 Lakh Personal Loan EMI table
Monthly EMI on ₹10 lakh at different interest rates and tenures. Personal loan rates in India usually range from about 10.5% to 24% depending on your credit score, income and employer. Check the exact offer before applying.
| Rate | 1 yr | 2 yr | 3 yr | 4 yr | 5 yr |
|---|---|---|---|---|---|
| 10.5% | ₹88,149 | ₹46,376 | ₹32,502 | ₹25,603 | ₹21,494 |
| 12% | ₹88,849 | ₹47,073 | ₹33,214 | ₹26,334 | ₹22,244 |
| 14% | ₹89,787 | ₹48,013 | ₹34,178 | ₹27,326 | ₹23,268 |
| 16% | ₹90,731 | ₹48,963 | ₹35,157 | ₹28,340 | ₹24,318 |
| 18% | ₹91,680 | ₹49,924 | ₹36,152 | ₹29,375 | ₹25,393 |
| 20% | ₹92,635 | ₹50,896 | ₹37,164 | ₹30,430 | ₹26,494 |
Shorter vs longer tenure at 12%
| Tenure | EMI | Total interest | Total repayment |
|---|---|---|---|
| 1 years | ₹88,849 | ₹66,185 | ₹10,66,185 |
| 2 years | ₹47,073 | ₹1,29,763 | ₹11,29,763 |
| 3 years | ₹33,214 | ₹1,95,715 | ₹11,95,715 |
| 4 years | ₹26,334 | ₹2,64,024 | ₹12,64,024 |
| 5 years | ₹22,244 | ₹3,34,667 | ₹13,34,667 |
In the first year of the 5-year loan at 12%, about ₹1,11,643 of your EMIs goes towards interest and only ₹1,55,290 reduces the loan. That is why prepaying early saves the most.
Salary needed for a ₹10 lakh personal loan
Banks generally prefer your total EMIs to stay within about 40%–50% of your monthly take-home pay. For an EMI of ₹22,244, you would typically need an in-hand salary of roughly ₹44,489 to ₹55,611 per month, if you have no other loans. Each lender has its own rules.
Before you apply
- Processing fee: usually 1%–3% of the loan plus GST — it raises the real cost above the quoted rate.
- Credit score: a score above 750 can bring the rate down by several percentage points.
- Shorter is cheaper: a longer tenure lowers the EMI but increases total interest a lot.
- Foreclosure: many lenders allow closure after 6–12 EMIs, often with a 2%–5% charge on fixed-rate loans.
- If you have FDs or a home loan, a loan against FD or a top-up home loan is often cheaper.
हिंदी में समझें
₹10 lakh के पर्सनल लोन पर 12% ब्याज और 5 साल के लिए EMI लगभग ₹22,244 महीना होगी। कुल ब्याज लगभग ₹3,34,667 बनेगा। अवधि बढ़ाने से EMI घटती है, लेकिन कुल ब्याज बढ़ जाता है।
Frequently asked questions
What is the EMI on a ₹10 lakh personal loan?
At 12% for 5 years the EMI is about ₹22,244 per month. Total interest is about ₹3,34,667 and total repayment ₹13,34,667. Use the table above for other rates and tenures.
How much salary do I need for a ₹10 lakh personal loan?
Lenders usually want all your EMIs to stay within roughly 40%–50% of your take-home pay. For an EMI of ₹22,244, that means a monthly in-hand salary of about ₹44,489 to ₹55,611, assuming no other loans.
What is the EMI for ₹10 lakh for 1 years?
At 12%, about ₹88,849 per month, with total interest of about ₹66,185.
Does a longer tenure reduce my total cost?
No. A longer tenure lowers the monthly EMI but you pay interest for more months, so the total interest goes up.
How is EMI calculated?
EMI = P × r × (1 + r)^n ÷ [(1 + r)^n − 1], where P is the loan amount, r is the monthly interest rate (yearly rate ÷ 12 ÷ 100) and n is the number of monthly instalments.