₹32.5 L total interest · ₹62.5 L total repayable
A ₹30 lakh home loan at a typical rate of 8.5% over 20 years costs about ₹26,035 per month. Across the full 20 years you repay ₹62,48,327 — ₹32,48,327 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 ₹30 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% | ₹36,398 | ₹28,670 | ₹25,093 | ₹23,154 | ₹22,013 |
| 8.5% | ₹37,196 | ₹29,542 | ₹26,035 | ₹24,157 | ₹23,067 |
| 9% | ₹38,003 | ₹30,428 | ₹26,992 | ₹25,176 | ₹24,139 |
| 9.5% | ₹38,819 | ₹31,327 | ₹27,964 | ₹26,211 | ₹25,226 |
| 10% | ₹39,645 | ₹32,238 | ₹28,951 | ₹27,261 | ₹26,327 |
Just 0.5% lower on this ₹30 lakh loan saves you about ₹2,25,959 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 (₹30 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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