Monthly EMI: ₹22,752 at 10.5% for 3 years. Total interest: ₹1,19,072.
| Year | Principal | Interest | Balance |
|---|
With a ₹7 Lakh personal loan from IDBI Bank at 10.5% for 3 years, you will pay a monthly EMI of ₹22,752. The total amount payable is ₹8,19,072, of which ₹1,19,072 is interest.
At 10.5% interest rate for 3 years, the EMI for ₹7 Lakh Personal Loan from IDBI Bank is ₹22,752 per month. Total interest payable: ₹1,19,072.
IDBI Bank offers Personal Loan at 10.50 - 14.50% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹7 Lakh at 10.5% for 3 years, you would pay approximately ₹1,19,072 as total interest, making the total repayment ₹8,19,072.
IDBI Bank's prepayment policy for Personal Loan: 3% of outstanding. Making prepayments can significantly reduce your total interest outgo.
IDBI Bank offers competitive rates starting from 10.50 - 14.50% with tenure up to 5 years. Compare with other banks on this page to find the best option for your ₹7 Lakh personal loan.