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I have taken SBI Pers.Loan of Rs 5 Lakhs. The installment is Rs12500/-P.M., but I am paying Rs20500 per month, when my loan will be clear?

Loan drawn in the month of May 2012, since then I am paying Rs.20500/- per month to SBI.

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5 lakhs is equivalent to 500,000 India Rupees. Since you are paying Rs20500 per month, you should have cleared the loan in about 24 months or two years. This means your loan will be cleared by June 2015 going by your current repayment rate.

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much before the due date for sure

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