₹5 lakh personal loan: EMI and lenders compared
Lenders that publish a range including ₹5 lakh, with the EMI and the total cost over 12, 24 and 36 months at their lowest published rate.
12 lenders · last verified 18 Oct 2026 · how we compare
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₹5 lakh at each lender
| Lender | Interest rate | 12 monthsEMI · total cost | 24 monthsEMI · total cost | 36 monthsEMI · total cost | Apply |
|---|---|---|---|---|---|
| Freo | 12% to 36% a year | ₹44,424cost ₹33,093 | ₹23,537cost ₹64,882 | ₹16,607cost ₹97,858 | Apply nowVia our referral partner. We may earn a commission. |
| Kissht | 12% to 36% a year | ₹44,424cost ₹33,093 | ₹23,537cost ₹64,882 | ₹16,607cost ₹97,858 | Apply nowVia our referral partner. We may earn a commission. |
| IDFC FIRST Bank | From 9.99% a year | ₹43,956cost ₹48,117 | ₹23,070cost ₹74,334 | ₹16,131cost ₹1,01,375 | Apply nowVia our referral partner. We may earn a commission. |
| Poonawalla Fincorp | From 9.99% a year | ₹43,956cost ₹51,067 | ₹23,070cost ₹77,284 | ₹16,131cost ₹1,04,325 | Apply nowVia our referral partner. We may earn a commission. |
| InCred | 10% to 36% a year | ₹43,958cost ₹56,995 | ₹23,072cost ₹83,239 | ₹16,134cost ₹1,10,309 | Apply nowVia our referral partner. We may earn a commission. |
| KreditBee | 12% to 27.5% a year | ₹44,424cost ₹60,823 | ₹23,537cost ₹92,612 | ₹16,607cost ₹1,25,588 | Apply nowVia our referral partner. We may earn a commission. |
| Hero FinCorp | 17.9% to 30% a year | ₹45,816cost ₹49,794 | ₹24,938cost ₹98,510 | ₹18,051cost ₹1,49,841 | Apply nowVia our referral partner. We may earn a commission. |
| Prefr | 18% to 30% a year | ₹45,840cost ₹50,080 | ₹24,962cost ₹99,089 | ₹18,076cost ₹1,50,743 | Apply nowVia our referral partner. We may earn a commission. |
| Unity Small Finance Bank | 16% to 30% a year | ₹45,365cost ₹67,985 | ₹24,482cost ₹1,11,157 | ₹17,579cost ₹1,56,427 | Apply nowVia our referral partner. We may earn a commission. |
| FatakPay | From 14.4% a year | ₹44,988cost ₹75,253 | ₹24,101cost ₹1,13,825 | ₹17,186cost ₹1,54,100 | Apply nowVia our referral partner. We may earn a commission. |
| Finnable | 16% to 30.99% a year | ₹45,365cost ₹73,885 | ₹24,482cost ₹1,17,057 | ₹17,579cost ₹1,62,327 | Apply nowVia our referral partner. We may earn a commission. |
| Moneyview | 14% to 36% a year | ₹44,894cost ₹85,923 | ₹24,006cost ₹1,23,355 | ₹17,089cost ₹1,62,397 | Apply nowVia our referral partner. We may earn a commission. |
EMI and cost at each lender's lowest published rate; cost = interest + highest published processing fee + 18% GST. “–” means the tenure is outside the lender's range. Sorted by the 24-month cost; lenders that don't lend over 24 months come after, by their 12-month cost. We compare lenders available through our partner; ranking never depends on what we earn.
Other amounts: ₹50,000 · ₹1 lakh · ₹2 lakh
Related
- True Cost of a Personal Loan: Fees and APRWhat a personal loan really costs: flat vs reducing rate, processing fee and GST, APR in the Key Fact Statement, foreclosure and penal charges.
- EMI calculatorYour own amount, rate and tenure
- Processing fees and foreclosure chargesEach lender's charges in rupees
Questions people ask
What is the EMI on a ₹5 lakh personal loan?
At 12% a year, about ₹44,424 a month over 12 months, ₹23,537 over 24 months and ₹16,607 over 36 months. At 18% it's ₹45,840, ₹24,962 and ₹18,076. Your rate depends on your credit score and income; the table shows each lender's published starting rate.
Which lenders give a ₹5 lakh personal loan?
Of the lenders we compare, 12 publish a range that includes ₹5 lakh: Freo, Kissht, IDFC FIRST Bank, Poonawalla Fincorp, InCred, KreditBee, Hero FinCorp, Prefr, Unity Small Finance Bank, FatakPay, Finnable, Moneyview. Approval and the amount you're offered are the lender's decision.
What does a ₹5 lakh loan really cost?
At the lowest published rates, the cheapest here costs about ₹64,882 in interest, processing fee and GST over 24 months (Freo). Rates offered are usually above the starting rate, so compare the APR in each offer's Key Fact Statement.
How quickly can I get a ₹5 lakh loan?
Several app-based lenders say they pay out the same day once you're approved and have signed; banks often take longer. See instant personal loans for the lenders' own speed claims, and never pay a fee before the money reaches your account.
CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.