The EMI on a ₹80 lakh home loan is ₹69,426 at 8.5% interest over 20 years. Over the full tenure you pay ₹86.62 lakh in interest, so you repay ₹1.67 crore in total.
EMI on ₹80 lakh (8.5%, 20 years)
₹69,426
- Total interest
- ₹86.62 lakh
- Total repaid
- ₹1.67 crore
- Interest as share of loan
- 108%
EMI on ₹80 lakh by interest rate and tenure
| Rate | 10 years | 15 years | 20 years | 25 years | 30 years |
|---|---|---|---|---|---|
| 7.5% | ₹94,961 | ₹74,161 | ₹64,447 | ₹59,119 | ₹55,937 |
| 8% | ₹97,062 | ₹76,452 | ₹66,915 | ₹61,745 | ₹58,701 |
| 8.5% | ₹99,189 | ₹78,779 | ₹69,426 | ₹64,418 | ₹61,513 |
| 9% | ₹1,01,341 | ₹81,141 | ₹71,978 | ₹67,136 | ₹64,370 |
| 9.5% | ₹1,03,518 | ₹83,538 | ₹74,570 | ₹69,896 | ₹67,268 |
| 10% | ₹1,05,721 | ₹85,968 | ₹77,202 | ₹72,696 | ₹70,206 |
Total interest on ₹80 lakh by tenure
| Tenure | EMI | Total interest | Total repaid |
|---|---|---|---|
| 10 years | ₹99,189 | ₹39.03 lakh | ₹1.19 crore |
| 15 years | ₹78,779 | ₹61.8 lakh | ₹1.42 crore |
| 20 years | ₹69,426 | ₹86.62 lakh | ₹1.67 crore |
| 25 years | ₹64,418 | ₹1.13 crore | ₹1.93 crore |
| 30 years | ₹61,513 | ₹1.41 crore | ₹2.21 crore |
Year-by-year repayment of ₹80 lakh
| Principal repaid | Interest paid | Balance left | |
|---|---|---|---|
| Year 1 | ₹1.59 lakh | ₹6.74 lakh | ₹78.41 lakh |
| Year 2 | ₹1.73 lakh | ₹6.6 lakh | ₹76.67 lakh |
| Year 3 | ₹1.89 lakh | ₹6.45 lakh | ₹74.79 lakh |
| Year 4 | ₹2.05 lakh | ₹6.28 lakh | ₹72.74 lakh |
| Year 5 | ₹2.23 lakh | ₹6.1 lakh | ₹70.5 lakh |
| Year 6 | ₹2.43 lakh | ₹5.9 lakh | ₹68.07 lakh |
| Year 7 | ₹2.65 lakh | ₹5.68 lakh | ₹65.42 lakh |
| Year 8 | ₹2.88 lakh | ₹5.45 lakh | ₹62.54 lakh |
| Year 9 | ₹3.14 lakh | ₹5.2 lakh | ₹59.41 lakh |
| Year 10 | ₹3.41 lakh | ₹4.92 lakh | ₹56 lakh |
| Year 11 | ₹3.71 lakh | ₹4.62 lakh | ₹52.28 lakh |
| Year 12 | ₹4.04 lakh | ₹4.29 lakh | ₹48.24 lakh |
| Year 13 | ₹4.4 lakh | ₹3.93 lakh | ₹43.84 lakh |
| Year 14 | ₹4.79 lakh | ₹3.54 lakh | ₹39.05 lakh |
| Year 15 | ₹5.21 lakh | ₹3.12 lakh | ₹33.84 lakh |
| Year 16 | ₹5.67 lakh | ₹2.66 lakh | ₹28.17 lakh |
| Year 17 | ₹6.17 lakh | ₹2.16 lakh | ₹21.99 lakh |
| Year 18 | ₹6.72 lakh | ₹1.61 lakh | ₹15.27 lakh |
| Year 19 | ₹7.31 lakh | ₹1.02 lakh | ₹7.96 lakh |
| Year 20 | ₹7.96 lakh | ₹37,123 | ₹0 |
Paying a little extra each month
If you pay 10% more each month (₹76,368 instead of ₹69,426), you clear the ₹80 lakh home loan in 16 years instead of 20 years, 4 years sooner, and save about ₹20.03 lakh in interest. 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.
Compare nearby amounts
| Loan amount | EMI | Total interest |
|---|---|---|
| ₹60 lakh | ₹52,069 | ₹64.97 lakh |
| ₹70 lakh | ₹60,748 | ₹75.79 lakh |
| ₹75 lakh | ₹65,087 | ₹81.21 lakh |
| ₹80 lakh | ₹69,426 | ₹86.62 lakh |
| ₹90 lakh | ₹78,104 | ₹97.45 lakh |
| ₹1 crore | ₹86,782 | ₹1.08 crore |
| ₹1.5 crore | ₹1,30,173 | ₹1.62 crore |
Change the numbers
Frequently asked questions
What is the EMI on a ₹80 lakh home loan?
At 8.5% over 20 years, the EMI on a ₹80 lakh home loan is ₹69,426. Over 10 years it would be ₹99,189.
How much interest will I pay on a ₹80 lakh home loan?
About ₹86.62 lakh at 8.5% over 20 years, so you repay ₹1.67 crore in total. Over 10 years the interest drops to ₹39.03 lakh.
How much does a 1% lower rate save on ₹80 lakh?
At 7.5% instead of 8.5%, the EMI falls by ₹4,978 to ₹64,447, saving ₹11.95 lakh over 20 years.
What salary do I need for a ₹80 lakh home loan?
Banks usually want your EMIs to stay within about 40% to 50% of your monthly take-home pay. For an EMI of ₹69,426 (8.5%, 20 years) that means a take-home salary of roughly ₹1,38,852 to ₹1,73,565 a month, with no other loans.
Reducing-balance EMI, as banks calculate it. Processing fees, insurance and rate changes on floating-rate loans are not included. An estimate. Related: All home loan amounts · EMI calculator · Home loan tax benefit calculator · Income tax on salary