EMI at different interest rates
| Interest rate (p.a.) | Monthly EMI | Total interest | Total payment |
|---|---|---|---|
| 7.5% | ₹40,280 | ₹46,67,118 | ₹96,67,118 |
| 8% | ₹41,822 | ₹50,37,281 | ₹1,00,37,281 |
| 8.5% | ₹43,391 | ₹54,13,879 | ₹1,04,13,879 |
| 9% | ₹44,986 | ₹57,96,711 | ₹1,07,96,711 |
| 9.5% | ₹46,607 | ₹61,85,574 | ₹1,11,85,574 |
| 10% | ₹48,251 | ₹65,80,260 | ₹1,15,80,260 |
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 | ₹61,993 | ₹24,39,141 |
| 15 years | ₹49,237 | ₹38,62,656 |
| 25 years | ₹40,261 | ₹70,78,406 |
| 30 years | ₹38,446 | ₹88,40,443 |
A longer tenure lowers the EMI but raises the total interest. A shorter tenure does the opposite.
Related calculations
₹50 Lakh for 10 years · ₹50 Lakh for 15 years · ₹50 Lakh for 25 years · ₹50 Lakh for 30 years · ₹40 Lakh for 20 years · ₹60 Lakh for 20 years
Learn more: prepayment, tax benefits, total cost.
Frequently asked questions
What is the EMI for a ₹50 Lakh home loan for 20 years?
At an illustrative 8.5% p.a. the monthly EMI is about ₹43,391. Between 8% and 9.5% it ranges from about ₹41,822 to ₹46,607. Your actual EMI depends on the rate your lender offers.
How much interest will I pay on a ₹50 Lakh loan over 20 years?
At 8.5% p.a. the total interest is about ₹54,13,879, so you repay about ₹1,04,13,879 in all.
How can I reduce the interest on a ₹50 Lakh home loan?
Prepaying regularly helps. For example, paying an extra ₹4,500 every month from the first EMI would shorten this loan by about 4y 1m and save roughly ₹12,86,321 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.