Loan Tenure | Two years | Three years | Five years |
EMI payable for a loan amount of Rs. 1 lakh at 13.50% interest rate | Rs. 4,778 | Rs. 3,394 | Rs. 2,301 |
Total interest payable over the entire loan tenure | Rs. 30,414 | Rs. 48,931 | Rs. 94,227 |
Total amount payable to the bank (principal + interest) | Rs.1.30 Lakh | Rs.1.49 Lakh | Rs.1.94 Lakh |