Monthly EMI: ₹16,607 at 12% for 3 years. Total interest: ₹97,852.
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With a ₹5 Lakh personal loan from L&T Finance at 12% for 3 years, you will pay a monthly EMI of ₹16,607. The total amount payable is ₹5,97,852, of which ₹97,852 is interest.
At 12% interest rate for 3 years, the EMI for ₹5 Lakh Personal Loan from L&T Finance is ₹16,607 per month. Total interest payable: ₹97,852.
L&T Finance offers Personal Loan at 12.00 - 28.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹5 Lakh at 12% for 3 years, you would pay approximately ₹97,852 as total interest, making the total repayment ₹5,97,852.
L&T Finance's prepayment policy for Personal Loan: 5% of outstanding. Making prepayments can significantly reduce your total interest outgo.
L&T Finance offers competitive rates starting from 12.00 - 28.00% with tenure up to 5 years. Compare with other banks on this page to find the best option for your ₹5 Lakh personal loan.