What Is The Emi For 3 Lakh Loan For 5 Years

For a ₹3 lakh personal loan at an interest rate of 12% per annum, the EMI varies based on the tenure. If you opt for a 1-year loan, your monthly payment will be ₹26,655. For a 2-year tenure, the EMI drops to ₹14,122, while a 3-year term results in an EMI of ₹9,964. If you choose a 4-year tenure, the EMI is ₹7,900, and for a 5-year tenure, it reduces further to ₹6,673. Selecting a longer tenure lowers your monthly payments, but keep in mind that the total interest paid will be higher. 

₹3 Lakh Personal Loan EMI for up to 5 Years