Monthly EMI for home loans from ₹10 lakh to ₹2 crore, at 8.5% interest for 20 years, with the total interest you pay. Choose an amount for EMIs at other rates and tenures, a year-by-year repayment table and how much prepaying saves.
EMI by amount at 8.5% over 20 years
| Loan amount | EMI | Total interest | Total repaid |
|---|---|---|---|
| ₹10 lakh | ₹8,678 | ₹10.83 lakh | ₹20.83 lakh |
| ₹15 lakh | ₹13,017 | ₹16.24 lakh | ₹31.24 lakh |
| ₹20 lakh | ₹17,356 | ₹21.66 lakh | ₹41.66 lakh |
| ₹25 lakh | ₹21,696 | ₹27.07 lakh | ₹52.07 lakh |
| ₹30 lakh | ₹26,035 | ₹32.48 lakh | ₹62.48 lakh |
| ₹35 lakh | ₹30,374 | ₹37.9 lakh | ₹72.9 lakh |
| ₹40 lakh | ₹34,713 | ₹43.31 lakh | ₹83.31 lakh |
| ₹45 lakh | ₹39,052 | ₹48.72 lakh | ₹93.72 lakh |
| ₹50 lakh | ₹43,391 | ₹54.14 lakh | ₹1.04 crore |
| ₹60 lakh | ₹52,069 | ₹64.97 lakh | ₹1.25 crore |
| ₹70 lakh | ₹60,748 | ₹75.79 lakh | ₹1.46 crore |
| ₹75 lakh | ₹65,087 | ₹81.21 lakh | ₹1.56 crore |
| ₹80 lakh | ₹69,426 | ₹86.62 lakh | ₹1.67 crore |
| ₹90 lakh | ₹78,104 | ₹97.45 lakh | ₹1.87 crore |
| ₹1 crore | ₹86,782 | ₹1.08 crore | ₹2.08 crore |
| ₹1.5 crore | ₹1,30,173 | ₹1.62 crore | ₹3.12 crore |
| ₹2 crore | ₹1,73,565 | ₹2.17 crore | ₹4.17 crore |
How these figures are worked out
Payments use the standard reducing-balance formula that lenders use: interest is charged each month on the balance still owed, and the fixed payment covers that interest plus some of the balance. RBI rules do not allow banks to charge prepayment or foreclosure penalties on floating-rate home loans taken by individuals, so part-prepaying is free on most home loans.
For a figure that is not in the table, or to change the assumptions, use the EMI calculator.
Reducing-balance EMI, as banks calculate it. Processing fees, insurance and rate changes on floating-rate loans are not included. An estimate.