EMI at different interest rates
| Interest rate (p.a.) | Monthly EMI | Total interest | Total payment |
|---|---|---|---|
| 7.5% | ₹11,870 | ₹4,24,421 | ₹14,24,421 |
| 8% | ₹12,133 | ₹4,55,931 | ₹14,55,931 |
| 8.5% | ₹12,399 | ₹4,87,828 | ₹14,87,828 |
| 9% | ₹12,668 | ₹5,20,109 | ₹15,20,109 |
| 9.5% | ₹12,940 | ₹5,52,771 | ₹15,52,771 |
| 10% | ₹13,215 | ₹5,85,809 | ₹15,85,809 |
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 |
|---|---|---|
| 15 years | ₹9,847 | ₹7,72,531 |
| 20 years | ₹8,678 | ₹10,82,776 |
| 25 years | ₹8,052 | ₹14,15,681 |
| 30 years | ₹7,689 | ₹17,68,089 |
A longer tenure lowers the EMI but raises the total interest. A shorter tenure does the opposite.
Related calculations
₹10 Lakh for 15 years · ₹10 Lakh for 20 years · ₹10 Lakh for 25 years · ₹10 Lakh for 30 years · ₹15 Lakh for 10 years
Learn more: prepayment, tax benefits, total cost.
Frequently asked questions
What is the EMI for a ₹10 Lakh home loan for 10 years?
At an illustrative 8.5% p.a. the monthly EMI is about ₹12,399. Between 8% and 9.5% it ranges from about ₹12,133 to ₹12,940. Your actual EMI depends on the rate your lender offers.
How much interest will I pay on a ₹10 Lakh loan over 10 years?
At 8.5% p.a. the total interest is about ₹4,87,828, so you repay about ₹14,87,828 in all.
How can I reduce the interest on a ₹10 Lakh home loan?
Prepaying regularly helps. For example, paying an extra ₹1,000 every month from the first EMI would shorten this loan by about 1y 1m and save roughly ₹59,983 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.