EMI at different interest rates
| Interest rate (p.a.) | Monthly EMI | Total interest | Total payment |
|---|---|---|---|
| 7.5% | ₹24,168 | ₹28,00,271 | ₹58,00,271 |
| 8% | ₹25,093 | ₹30,22,368 | ₹60,22,368 |
| 8.5% | ₹26,035 | ₹32,48,327 | ₹62,48,327 |
| 9% | ₹26,992 | ₹34,78,027 | ₹64,78,027 |
| 9.5% | ₹27,964 | ₹37,11,345 | ₹67,11,345 |
| 10% | ₹28,951 | ₹39,48,156 | ₹69,48,156 |
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 | ₹37,196 | ₹14,63,485 |
| 15 years | ₹29,542 | ₹23,17,594 |
| 25 years | ₹24,157 | ₹42,47,044 |
| 30 years | ₹23,067 | ₹53,04,266 |
A longer tenure lowers the EMI but raises the total interest. A shorter tenure does the opposite.
Related calculations
₹30 Lakh for 10 years · ₹30 Lakh for 15 years · ₹30 Lakh for 25 years · ₹30 Lakh for 30 years · ₹25 Lakh for 20 years · ₹40 Lakh for 20 years
Learn more: prepayment, tax benefits, total cost.
Frequently asked questions
What is the EMI for a ₹30 Lakh home loan for 20 years?
At an illustrative 8.5% p.a. the monthly EMI is about ₹26,035. Between 8% and 9.5% it ranges from about ₹25,093 to ₹27,964. Your actual EMI depends on the rate your lender offers.
How much interest will I pay on a ₹30 Lakh loan over 20 years?
At 8.5% p.a. the total interest is about ₹32,48,327, so you repay about ₹62,48,327 in all.
How can I reduce the interest on a ₹30 Lakh home loan?
Prepaying regularly helps. For example, paying an extra ₹2,500 every month from the first EMI would shorten this loan by about 3y 10m and save roughly ₹7,28,652 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.