A ₹15 Lakh home loan at 8% for 20 years costs ₹12,547 a month, with ₹15,11,184 of interest in total. Below are the EMIs for every tenure at 7.5–9.5%, and how the balance falls year by year.
| Tenure | 7.5% | 8% | 8.5% | 9% | 9.5% |
|---|---|---|---|---|---|
| 5 years | ₹30,057 | ₹30,415 | ₹30,775 | ₹31,138 | ₹31,503 |
| 10 years | ₹17,805 | ₹18,199 | ₹18,598 | ₹19,001 | ₹19,410 |
| 15 years | ₹13,905 | ₹14,335 | ₹14,771 | ₹15,214 | ₹15,663 |
| 20 years | ₹12,084 | ₹12,547 | ₹13,017 | ₹13,496 | ₹13,982 |
| 25 years | ₹11,085 | ₹11,577 | ₹12,078 | ₹12,588 | ₹13,105 |
| 30 years | ₹10,488 | ₹11,006 | ₹11,534 | ₹12,069 | ₹12,613 |
Interest rates are typical November 2026 ranges for illustration; your rate depends on the lender, your credit score and income. Use the calculator above for your own rate.
| Tenure | EMI | Total interest | Interest as % of loan |
|---|---|---|---|
| 5 years | ₹30,415 | ₹3,24,875 | 22% |
| 10 years | ₹18,199 | ₹6,83,897 | 46% |
| 15 years | ₹14,335 | ₹10,80,261 | 72% |
| 20 years | ₹12,547 | ₹15,11,184 | 101% |
| 25 years | ₹11,577 | ₹19,73,173 | 132% |
| 30 years | ₹11,006 | ₹24,62,329 | 164% |
| Year | Principal paid | Interest paid | Balance at year end |
|---|---|---|---|
| Year 1 | ₹31,705 | ₹1,18,854 | ₹14,68,295 |
| Year 2 | ₹34,336 | ₹1,16,223 | ₹14,33,959 |
| Year 3 | ₹37,186 | ₹1,13,373 | ₹13,96,772 |
| Year 4 | ₹40,273 | ₹1,10,286 | ₹13,56,499 |
| Year 5 | ₹43,615 | ₹1,06,944 | ₹13,12,884 |
| Year 6 | ₹47,236 | ₹1,03,324 | ₹12,65,648 |
| Year 7 | ₹51,156 | ₹99,403 | ₹12,14,492 |
| Year 8 | ₹55,402 | ₹95,157 | ₹11,59,090 |
| Year 9 | ₹60,000 | ₹90,559 | ₹10,99,090 |
| Year 10 | ₹64,980 | ₹85,579 | ₹10,34,109 |
| Year 11 | ₹70,374 | ₹80,186 | ₹9,63,736 |
| Year 12 | ₹76,215 | ₹74,345 | ₹8,87,521 |
| Year 13 | ₹82,540 | ₹68,019 | ₹8,04,981 |
| Year 14 | ₹89,391 | ₹61,168 | ₹7,15,589 |
| Year 15 | ₹96,811 | ₹53,749 | ₹6,18,779 |
| Year 16 | ₹1,04,846 | ₹45,713 | ₹5,13,933 |
| Year 17 | ₹1,13,548 | ₹37,011 | ₹4,00,385 |
| Year 18 | ₹1,22,973 | ₹27,587 | ₹2,77,412 |
| Year 19 | ₹1,33,179 | ₹17,380 | ₹1,44,233 |
| Year 20 | ₹1,44,233 | ₹6,326 | ₹0 |
In the early years most of each EMI goes to interest; in year 1 you repay only ₹31,705 of principal. Prepaying early saves the most interest.
At 8% a year, the EMI on ₹15,00,000 is ₹12,547 for 20 years and ₹11,006 for 30 years.
Over 20 years at 8% you pay ₹15,11,184 in interest, so the total repayment is ₹30,11,184.
Lenders usually want your EMIs under about half of your take-home pay, so a net monthly income of about ₹25,093 or more for ₹12,547 a month (less if you have no other loans; more if you do).