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₹3 Lakh Personal Loan EMI Calculator

Calculate your monthly EMI for a ₹3 lakh personal loan. See EMI at different interest rates and tenures, compare lenders, and plan your repayment.

₹
₹60,000₹15,00,000
%
10.0%36.0%
12 Mo60 Mo
Monthly EMI
₹9,964
Total Interest
₹58,715
Total Payment
₹3,58,715
Monthly EMI
₹9,964
Principal Amount
₹3,00,000 (83.6%)
Total Interest
₹58,715 (16.4%)

Amortization Schedule

YearPrincipalInterestTotal PaidBalance
Year 1₹88,321₹31,247₹1,19,568₹2,11,679
Year 2₹99,521₹20,047₹1,19,568₹1,12,158
Year 3₹1,12,142₹7,426₹1,19,568₹16

₹3,00,000 Loan EMI at Different Rates & Tenures

Monthly EMI for a ₹3,00,000 personal loan across common interest rates and repayment periods.

Rate ↓ / Tenure →12 mo24 mo36 mo48 mo60 mo
10%₹26,375₹13,843₹9,680₹7,609₹6,374
12%₹26,655₹14,122₹9,964₹7,900₹6,673
14%₹26,936₹14,404₹10,253₹8,198₹6,980
16%₹27,219₹14,689₹10,547₹8,502₹7,295
18%₹27,504₹14,977₹10,846₹8,812₹7,618
24%₹28,368₹15,861₹11,770₹9,781₹8,630

EMI Example: ₹3,00,000 at 10.5% for 36 Months

Loan Amount: ₹3,00,000

Interest Rate: 10.5% p.a.

Tenure: 36 months

Monthly EMI: ₹9,751

Total Interest: ₹51,036

Total Payment: ₹3,51,036

Key Features

✓EMI from ₹6,400/month
✓Bank and NBFC options
✓Pre-approved offers available

Best Lenders for a ₹3 Lakh Personal Loan

HDFC Bank

Rate: 10.5%-24%

Amount: up to ₹40,00,000

CIBIL: 700+

Disbursal: 24 hours

Calculate EMI →|View Details
ICICI Bank

Rate: 10.65%-16%

Amount: up to ₹50,00,000

CIBIL: 700+

Disbursal: 24-48 hours

Calculate EMI →|View Details
Bajaj Finserv

Rate: 11%-34%

Amount: up to ₹40,00,000

CIBIL: 685+

Disbursal: 24 hours

Calculate EMI →|View Details
Axis Bank

Rate: 10.49%-22%

Amount: up to ₹15,00,000

CIBIL: 700+

Disbursal: 24-48 hours

Calculate EMI →|View Details
Tata Capital

Rate: 10.99%-28%

Amount: up to ₹35,00,000

CIBIL: 700+

Disbursal: 24-48 hours

Calculate EMI →|View Details

Frequently Asked Questions

What is the EMI for a ₹3 lakh personal loan?
For a ₹3,00,000 personal loan at 10.5% annual interest for 36 months, the monthly EMI is approximately ₹9,751. Total interest payable would be ₹51,036. Use the calculator above to check EMI at different rates and tenures.
Which bank offers the lowest interest rate for a ₹3 lakh personal loan?
Among popular lenders, HDFC Bank offers rates starting from 10.5% p.a. for personal loans. Your actual rate depends on your CIBIL score, income, and employment type. GoCredit compares 55+ lenders to find your best match.
What CIBIL score is needed for a ₹3 lakh personal loan?
Most banks require a CIBIL score of 700+ for a ₹3 lakh personal loan. However, several NBFCs and fintech lenders approve loans with scores as low as 550 or even no CIBIL history — typically at higher interest rates. A score of 750+ gets you the best rates.
What is the best tenure for a ₹3 lakh personal loan?
The typical tenure for a ₹3 lakh personal loan is 12-60 months. A shorter tenure means higher EMI but less total interest. For example, at 12% interest: a 12-month tenure gives an EMI of ₹26,655, while a 36-month tenure gives ₹9,964 — but you pay more interest overall.
Can I get a ₹3 lakh personal loan without salary slip?
Yes. Several lenders accept bank statements, ITR, or alternate income proof instead of salary slips. Fintech lenders like MoneyView and KreditBee have flexible documentation requirements. GoCredit's AI automatically matches you with lenders that accept your available documents.

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