₹16.2 L total interest · ₹31.2 L total repayable
A ₹15 lakh home loan at a typical rate of 8.5% over 20 years costs about ₹13,017 per month. Across the full 20 years you repay ₹31,24,164 — ₹16,24,164 of it interest. Your actual EMI depends on the exact rate and tenure your lender offers, so use the table below.
EMI by interest rate & tenure
Monthly EMI for a ₹15 lakh loan. The highlighted cell is the typical home loan rate and tenure.
| Rate \ Tenure | 10 yr | 15 yr | 20 yr | 25 yr | 30 yr |
|---|---|---|---|---|---|
| 8% | ₹18,199 | ₹14,335 | ₹12,547 | ₹11,577 | ₹11,006 |
| 8.5% | ₹18,598 | ₹14,771 | ₹13,017 | ₹12,078 | ₹11,534 |
| 9% | ₹19,001 | ₹15,214 | ₹13,496 | ₹12,588 | ₹12,069 |
| 9.5% | ₹19,410 | ₹15,663 | ₹13,982 | ₹13,105 | ₹12,613 |
| 10% | ₹19,823 | ₹16,119 | ₹14,475 | ₹13,631 | ₹13,164 |
Just 0.5% lower on this ₹15 lakh loan saves you about ₹1,12,979 over 20 years. Always compare offers from several lenders before signing.
Run your exact EMI →How the EMI is calculated
EMI uses the standard reducing-balance formula: EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the loan amount (₹15 lakh), r is the monthly interest rate (annual ÷ 12), and n is the number of months (20 × 12 = 240). Early EMIs are mostly interest; later ones are mostly principal. Figures exclude processing fees, insurance and prepayment. See the full loan & EMI calculator for an amortisation schedule.
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