Short answer: The EMI on a ₹15 lakh personal loan at 14% a year is about ₹1,34,681 over 12 months, ₹51,266 over 36 months and ₹34,902 over 60 months. The tables below show every common rate and tenure, the total interest, and the take-home salary lenders usually expect.
Last updated: 12 October 2026. General information, not financial advice. Your lender’s Key Fact Statement (KFS) and loan agreement decide your actual terms.
At ₹15 lakh, lenders look closely at FOIR and job stability. A co-applicant can help.
EMI on ₹15 lakh by interest rate and tenure
| Rate | 12 months | 24 months | 36 months | 48 months | 60 months |
|---|---|---|---|---|---|
| 11% | ₹1,32,572 | ₹69,912 | ₹49,108 | ₹38,768 | ₹32,614 |
| 14% | ₹1,34,681 | ₹72,019 | ₹51,266 | ₹40,990 | ₹34,902 |
| 16% | ₹1,36,096 | ₹73,445 | ₹52,736 | ₹42,510 | ₹36,477 |
| 18% | ₹1,37,520 | ₹74,886 | ₹54,229 | ₹44,062 | ₹38,090 |
| 21% | ₹1,39,671 | ₹77,078 | ₹56,513 | ₹46,449 | ₹40,580 |
| 24% | ₹1,41,839 | ₹79,307 | ₹58,849 | ₹48,903 | ₹43,152 |
Total interest on ₹15 lakh
| Rate | 12 months | 24 months | 36 months | 48 months | 60 months |
|---|---|---|---|---|---|
| 11% | ₹90,870 | ₹1,77,882 | ₹2,67,891 | ₹3,60,878 | ₹4,56,818 |
| 14% | ₹1,16,168 | ₹2,28,464 | ₹3,45,592 | ₹4,67,506 | ₹5,94,143 |
| 16% | ₹1,33,155 | ₹2,62,672 | ₹3,98,480 | ₹5,40,500 | ₹6,88,625 |
| 18% | ₹1,50,240 | ₹2,97,268 | ₹4,52,229 | ₹6,15,000 | ₹7,85,408 |
| 21% | ₹1,76,048 | ₹3,49,883 | ₹5,34,454 | ₹7,29,530 | ₹9,34,802 |
| 24% | ₹2,02,073 | ₹4,03,360 | ₹6,18,574 | ₹8,47,332 | ₹10,89,117 |
At 14% over 36 months you would pay ₹3,45,592 in interest. Over 60 months the EMI drops to ₹34,902, but interest rises to ₹5,94,143.
Salary you may need
Lenders usually want your total EMIs to stay below about 50% of take-home pay, and many prefer 40%. If you have no other EMIs, at 14%:
| Tenure | EMI | Take-home salary at 50% FOIR | At 40% FOIR |
|---|---|---|---|
| 12 months | ₹1,34,681 | ₹2,69,361 | ₹3,36,702 |
| 24 months | ₹72,019 | ₹1,44,039 | ₹1,80,048 |
| 36 months | ₹51,266 | ₹1,02,533 | ₹1,28,166 |
| 48 months | ₹40,990 | ₹81,979 | ₹1,02,474 |
| 60 months | ₹34,902 | ₹69,805 | ₹87,256 |
Existing EMIs raise the salary needed. Work it out with our FOIR calculator.
Fees and the money you actually receive
A 2% processing fee plus 18% GST on ₹15 lakh is ₹35,400, usually deducted upfront, so about ₹14,64,600 reaches your account. Compare the APR and total amount payable in each lender’s KFS.
Try your own numbers
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Frequently asked questions
What is the EMI for a ₹15 lakh personal loan for 5 years?
About ₹34,902 a month at 14%, ₹32,614 at 11% and ₹38,090 at 18%.
What salary is needed for a ₹15 lakh personal loan?
With no other EMIs and a 36-month tenure at 14%, lenders using a 50% FOIR limit would want a take-home salary of about ₹1,02,533 or more. Many lenders also set their own minimum salary.
Can I get ₹15 lakh with a low CIBIL score?
It is harder. You may be offered less or a higher rate. See personal loans with a 650 CIBIL score.
Disclosure: FundsTiger (Gatimaan Finance Advisors Pvt. Ltd.) is a loan marketplace and lending service provider for RBI-regulated lenders. Aparampaar Finance Pvt. Ltd. (Omozing), one of those lenders, is a related party of FundsTiger. This article is general information, not financial advice. Read your loan agreement and KFS before you decide.