Monthly EMI: ₹13,286 at 12% for 3 years. Total interest: ₹78,296.
| Year | Principal | Interest | Balance |
|---|
With a ₹4 Lakh personal loan from L&T Finance at 12% for 3 years, you will pay a monthly EMI of ₹13,286. The total amount payable is ₹4,78,296, of which ₹78,296 is interest.
At 12% interest rate for 3 years, the EMI for ₹4 Lakh Personal Loan from L&T Finance is ₹13,286 per month. Total interest payable: ₹78,296.
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 ₹4 Lakh at 12% for 3 years, you would pay approximately ₹78,296 as total interest, making the total repayment ₹4,78,296.
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 ₹4 Lakh personal loan.