A ₹20 Lakh home loan at 8% for 20 years costs ₹16,729 a month, with ₹20,14,912 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 | ₹40,076 | ₹40,553 | ₹41,033 | ₹41,517 | ₹42,004 |
| 10 years | ₹23,740 | ₹24,266 | ₹24,797 | ₹25,335 | ₹25,880 |
| 15 years | ₹18,540 | ₹19,113 | ₹19,695 | ₹20,285 | ₹20,884 |
| 20 years | ₹16,112 | ₹16,729 | ₹17,356 | ₹17,995 | ₹18,643 |
| 25 years | ₹14,780 | ₹15,436 | ₹16,105 | ₹16,784 | ₹17,474 |
| 30 years | ₹13,984 | ₹14,675 | ₹15,378 | ₹16,092 | ₹16,817 |
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 | ₹40,553 | ₹4,33,167 | 22% |
| 10 years | ₹24,266 | ₹9,11,862 | 46% |
| 15 years | ₹19,113 | ₹14,40,348 | 72% |
| 20 years | ₹16,729 | ₹20,14,912 | 101% |
| 25 years | ₹15,436 | ₹26,30,897 | 132% |
| 30 years | ₹14,675 | ₹32,83,105 | 164% |
| Year | Principal paid | Interest paid | Balance at year end |
|---|---|---|---|
| Year 1 | ₹42,273 | ₹1,58,472 | ₹19,57,727 |
| Year 2 | ₹45,782 | ₹1,54,964 | ₹19,11,945 |
| Year 3 | ₹49,582 | ₹1,51,164 | ₹18,62,363 |
| Year 4 | ₹53,697 | ₹1,47,048 | ₹18,08,666 |
| Year 5 | ₹58,154 | ₹1,42,592 | ₹17,50,512 |
| Year 6 | ₹62,981 | ₹1,37,765 | ₹16,87,531 |
| Year 7 | ₹68,208 | ₹1,32,538 | ₹16,19,323 |
| Year 8 | ₹73,869 | ₹1,26,876 | ₹15,45,454 |
| Year 9 | ₹80,000 | ₹1,20,745 | ₹14,65,453 |
| Year 10 | ₹86,640 | ₹1,14,105 | ₹13,78,813 |
| Year 11 | ₹93,832 | ₹1,06,914 | ₹12,84,981 |
| Year 12 | ₹1,01,620 | ₹99,126 | ₹11,83,361 |
| Year 13 | ₹1,10,054 | ₹90,692 | ₹10,73,308 |
| Year 14 | ₹1,19,188 | ₹81,557 | ₹9,54,119 |
| Year 15 | ₹1,29,081 | ₹71,665 | ₹8,25,038 |
| Year 16 | ₹1,39,795 | ₹60,951 | ₹6,85,244 |
| Year 17 | ₹1,51,397 | ₹49,348 | ₹5,33,846 |
| Year 18 | ₹1,63,963 | ₹36,782 | ₹3,69,883 |
| Year 19 | ₹1,77,572 | ₹23,173 | ₹1,92,311 |
| Year 20 | ₹1,92,311 | ₹8,435 | ₹0 |
In the early years most of each EMI goes to interest; in year 1 you repay only ₹42,273 of principal. Prepaying early saves the most interest.
At 8% a year, the EMI on ₹20,00,000 is ₹16,729 for 20 years and ₹14,675 for 30 years.
Over 20 years at 8% you pay ₹20,14,912 in interest, so the total repayment is ₹40,14,912.
Lenders usually want your EMIs under about half of your take-home pay, so a net monthly income of about ₹33,458 or more for ₹16,729 a month (less if you have no other loans; more if you do).