How much installment should I pay on a personal loan of Rs 5 lakh from ICICI Bank? – India TV Hindi.

The starting interest rate on personal loan at ICICI Bank is 10.8%.

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If you take a personal loan of Rs 5 lakh for 5 years at this interest rate, you will have to pay an installment of Rs 10,821.

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You have to pay an interest of Rs 1.49 lakh during the loan tenure.

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In 5 years you have to pay a total of Rs 6.49 lakh which includes principal of Rs 5 lakh and interest of Rs 1.49 lakh.

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Processing fees etc. are not included in this calculation.

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