EMI on a ₹10 lakh home loan
What is the EMI on a ₹10 lakh home loan?
₹8,678 / month
At 8.5% for 20 years. You’d repay ₹20,82,776 in total — ₹10.83 L of it interest.
Open in the EMI calculatorEMI by rate and tenure
| Rate | 10 yrs | 15 yrs | 20 yrs | 25 yrs | 30 yrs |
|---|---|---|---|---|---|
| 7.5% | ₹11,870 | ₹9,270 | ₹8,056 | ₹7,390 | ₹6,992 |
| 8.0% | ₹12,133 | ₹9,557 | ₹8,364 | ₹7,718 | ₹7,338 |
| 8.5% | ₹12,399 | ₹9,847 | ₹8,678 | ₹8,052 | ₹7,689 |
| 9.0% | ₹12,668 | ₹10,143 | ₹8,997 | ₹8,392 | ₹8,046 |
| 9.5% | ₹12,940 | ₹10,442 | ₹9,321 | ₹8,737 | ₹8,409 |
| 10.0% | ₹13,215 | ₹10,746 | ₹9,650 | ₹9,087 | ₹8,776 |
Make it yours
Change any number
₹
₹10 lakh
%
yrs
Monthly EMI
₹8,678
for 20 years · you’ll repay ₹20,82,776 in total
What the loan really costs
Interest
₹10.83 L
108% of loan
Principal
₹10,00,000
Total interest
₹10,82,776
Total paid
₹20,82,776
In year one, 81% of every EMI goes to interest. Principal only overtakes interest in year 13 — that’s why early prepayments save so much.
Year by year
PrincipalInterest
Full repayment schedule
20 years
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹19,902 | ₹84,236 | ₹9,80,098 |
| 2 | ₹21,661 | ₹82,477 | ₹9,58,436 |
| 3 | ₹23,576 | ₹80,563 | ₹9,34,860 |
| 4 | ₹25,660 | ₹78,479 | ₹9,09,200 |
| 5 | ₹27,928 | ₹76,211 | ₹8,81,272 |
| 6 | ₹30,397 | ₹73,742 | ₹8,50,875 |
| 7 | ₹33,084 | ₹71,055 | ₹8,17,791 |
| 8 | ₹36,008 | ₹68,131 | ₹7,81,784 |
| 9 | ₹39,191 | ₹64,948 | ₹7,42,593 |
| 10 | ₹42,655 | ₹61,484 | ₹6,99,938 |
| 11 | ₹46,425 | ₹57,714 | ₹6,53,513 |
| 12 | ₹50,529 | ₹53,610 | ₹6,02,985 |
| 13 | ₹54,995 | ₹49,144 | ₹5,47,990 |
| 14 | ₹59,856 | ₹44,283 | ₹4,88,134 |
| 15 | ₹65,147 | ₹38,992 | ₹4,22,987 |
| 16 | ₹70,905 | ₹33,234 | ₹3,52,082 |
| 17 | ₹77,172 | ₹26,966 | ₹2,74,910 |
| 18 | ₹83,994 | ₹20,145 | ₹1,90,916 |
| 19 | ₹91,418 | ₹12,721 | ₹99,498 |
| 20 | ₹99,498 | ₹4,640 | ₹0 |
Questions people ask
What is the EMI for a ₹10 lakh home loan for 30 years?
At 8.5%, about ₹7,689 a month. You’d pay ₹17.68 L in interest, compared with ₹10.83 L over 20 years.
What salary do I need for a ₹10 lakh home loan?
Banks usually let all your EMIs take up to about half your take-home pay. For a 20-year loan at 8.5% (EMI ₹8,678), that means a take-home salary of roughly ₹17,356 a month, with no other loans.
How much does a 0.5% lower rate save?
On ₹10 lakh over 20 years, 8% instead of 8.5% cuts the EMI by ₹314 a month and saves about ₹75.3K in interest over the loan.
How much down payment do I need?
RBI lets banks lend up to 90% of a home’s value on loans up to ₹30 lakh, 80% on loans up to ₹75 lakh and 75% above that. So a ₹10 lakh loan needs a home worth at least ₹11.11 L or so, plus around 7% for stamp duty and registration.