₹65 L total interest · ₹1.25 Cr total repayable
A ₹60 lakh home loan at a typical rate of 8.5% over 20 years costs about ₹52,069 per month. Across the full 20 years you repay ₹1,24,96,655 — ₹64,96,655 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 ₹60 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% | ₹72,797 | ₹57,339 | ₹50,186 | ₹46,309 | ₹44,026 |
| 8.5% | ₹74,391 | ₹59,084 | ₹52,069 | ₹48,314 | ₹46,135 |
| 9% | ₹76,005 | ₹60,856 | ₹53,984 | ₹50,352 | ₹48,277 |
| 9.5% | ₹77,639 | ₹62,653 | ₹55,928 | ₹52,422 | ₹50,451 |
| 10% | ₹79,290 | ₹64,476 | ₹57,901 | ₹54,522 | ₹52,654 |
Just 0.5% lower on this ₹60 lakh loan saves you about ₹4,51,918 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 (₹60 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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