EMI at different interest rates
| Interest rate (p.a.) | Monthly EMI | Total interest | Total payment |
|---|---|---|---|
| 7.5% | ₹80,559 | ₹93,34,237 | ₹1,93,34,237 |
| 8% | ₹83,644 | ₹1,00,74,562 | ₹2,00,74,562 |
| 8.5% | ₹86,782 | ₹1,08,27,758 | ₹2,08,27,758 |
| 9% | ₹89,973 | ₹1,15,93,423 | ₹2,15,93,423 |
| 9.5% | ₹93,213 | ₹1,23,71,149 | ₹2,23,71,149 |
| 10% | ₹96,502 | ₹1,31,60,519 | ₹2,31,60,519 |
Rates shown are illustrative, to show how much the rate matters. They are not offers from any lender.
Same loan, different tenures (at 8.5%)
| Tenure | Monthly EMI | Total interest |
|---|---|---|
| 10 years | ₹1,23,986 | ₹48,78,283 |
| 15 years | ₹98,474 | ₹77,25,312 |
| 25 years | ₹80,523 | ₹1,41,56,813 |
| 30 years | ₹76,891 | ₹1,76,80,885 |
A longer tenure lowers the EMI but raises the total interest. A shorter tenure does the opposite.
Related calculations
₹1 Crore for 10 years · ₹1 Crore for 15 years · ₹1 Crore for 25 years · ₹1 Crore for 30 years · ₹75 Lakh for 20 years
Learn more: prepayment, tax benefits, total cost.
Frequently asked questions
What is the EMI for a ₹1 Crore home loan for 20 years?
At an illustrative 8.5% p.a. the monthly EMI is about ₹86,782. Between 8% and 9.5% it ranges from about ₹83,644 to ₹93,213. Your actual EMI depends on the rate your lender offers.
How much interest will I pay on a ₹1 Crore loan over 20 years?
At 8.5% p.a. the total interest is about ₹1,08,27,758, so you repay about ₹2,08,27,758 in all.
How can I reduce the interest on a ₹1 Crore home loan?
Prepaying regularly helps. For example, paying an extra ₹8,500 every month from the first EMI would shorten this loan by about 3y 11m and save roughly ₹24,65,320 in interest at 8.5%.
Is the rate on this page the rate I will get?
No. It is an illustrative figure so you can see the scale of the EMI. Enter the rate quoted by your lender in the calculator above.