₹21.7 L total interest · ₹41.7 L total repayable
A ₹20 lakh home loan at a typical rate of 8.5% over 20 years costs about ₹17,356 per month. Across the full 20 years you repay ₹41,65,552 — ₹21,65,552 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 ₹20 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% | ₹24,266 | ₹19,113 | ₹16,729 | ₹15,436 | ₹14,675 |
| 8.5% | ₹24,797 | ₹19,695 | ₹17,356 | ₹16,105 | ₹15,378 |
| 9% | ₹25,335 | ₹20,285 | ₹17,995 | ₹16,784 | ₹16,092 |
| 9.5% | ₹25,880 | ₹20,884 | ₹18,643 | ₹17,474 | ₹16,817 |
| 10% | ₹26,430 | ₹21,492 | ₹19,300 | ₹18,174 | ₹17,551 |
Just 0.5% lower on this ₹20 lakh loan saves you about ₹1,50,639 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 (₹20 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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