By Safe Investment September 14, 2025
BANK Personal Loan: When big expenses suddenly arise at home like children's education, home repair or marriage expenses, then people often think of taking a personal loan. Trusted Banks from where a big loan can be easily taken. But the question is that if you want to take a personal loan of Rs 18 lakh, then what should be your salary and what will be the EMI. Let's understand this in detail.
Features of Bank Personal Loan
The biggest advantage of taking a Personal Loan from Bank is that the processing is fast and the money is immediately credited to the account. Also, no security or guarantee is required. Since the interest rate and EMI are pre-fixed, you can easily plan your monthly savings and expenses.
Complete EMI calculation on Rs 18 lakh loan
Suppose you have taken a personal loan of Rs 18 lakh from Bank for 5 years. The interest rate here is considered to be around 11% per annum.
Loan amount Tenure Interest rate Monthly EMI Total interest Total payment
Rs 18,00,000 5 years 11% Rs 39,136 Rs 5,48,160 Rs 23,48,160
It is clear from this calculation that you will have to pay around Rs 39,000 EMI every month for 5 years. A total of Rs 5.48 lakh will have to be paid as interest only during the entire tenure.
How much should be the salary?
Generally, the bank believes that not more than 40-50% of your monthly income should go towards EMI. That is, if your EMI is Rs 39,000, then your net salary should be at least Rs 80,000 to Rs 1,00,000. This gives the bank confidence that you will be able to repay the loan without any problem.
Essential conditions for loan
To take a personal loan from trusted Bank, your age should be between 21 and 60 years. The monthly income of a salaried person should be more than the limit set by the bank. CIBIL score should also be 750 or above. If the score is good, the interest rate can also be slightly lower.
Things to keep in mind before taking a personal loan
While taking a loan, not only consider the EMI but also the processing fee and other charges. Many times people take a loan just by looking at the EMI, but do not pay attention to the other charges. Apart from this, it is very important to pay EMI on time, otherwise the CIBIL score gets spoiled and there is a problem in taking a loan in future.
Conclusion
If you want to take a personal loan of ? 18 lakh from Bank, then your monthly salary should be at least above Rs 80,000. For a period of 5 years, you will have to pay an EMI of about Rs 39,000 every month. This loan is an easy way to meet big expenses, but before taking it, definitely check the balance of your income and expenditure.
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