Standard reducing-balance EMI formula, the same method banks use. Actual offers add processing fees, insurance, and rate spreads based on your credit profile - treat this as the baseline instalment for comparing loans, not a sanctioned quote.
10 lakh EMI across rates and tenures
Monthly EMI for a ₹10 lakh loan at each combination. Longer tenure lowers the EMI but raises total interest sharply.
| Tenure | 8% | 8.5% | 9% | 9.5% | 10% |
|---|---|---|---|---|---|
| 10 years | ₹12,133 | ₹12,399 | ₹12,668 | ₹12,940 | ₹13,215 |
| 15 years | ₹9,557 | ₹9,847 | ₹10,143 | ₹10,442 | ₹10,746 |
| 20 years | ₹8,364 | ₹8,678 | ₹8,997 | ₹9,321 | ₹9,650 |
| 25 years | ₹7,718 | ₹8,052 | ₹8,392 | ₹8,737 | ₹9,087 |
| 30 years | ₹7,338 | ₹7,689 | ₹8,046 | ₹8,409 | ₹8,776 |
How the balance falls (8.5%, 20 years)
| After year | Interest paid that year | Principal paid that year | Outstanding balance |
|---|---|---|---|
| 1 | ₹84,237 | ₹19,899 | ₹9,80,101 |
| 5 | ₹76,212 | ₹27,924 | ₹8,81,289 |
| 10 | ₹61,487 | ₹42,649 | ₹6,99,982 |
| 15 | ₹38,999 | ₹65,137 | ₹4,23,071 |
| 20 | ₹4,652 | ₹99,484 | ₹146 |
Frequently asked questions
At 8.5% interest for 20 years, the EMI on a ₹10 lakh home loan is ₹8,678 per month. Over the full tenure you pay ₹10,82,776 in interest, for a total outlay of ₹20,82,776.
₹12,399 per month at 8.5%. The shorter tenure raises the monthly outgo but cuts total interest to ₹4,87,828 - versus ₹10,82,776 over 20 years.
Banks typically cap total EMIs at 40–50% of net monthly income. At the ₹8,678 EMI (8.5%, 20 years), that implies a net monthly income of roughly ₹19,284 or more, assuming no other loans. Exact eligibility varies by lender and credit profile.
At 8.5% over 20 years: ₹10,82,776 - about 108% of the amount borrowed. Dropping to 15 years cuts interest to ₹7,72,531.
Other loan amounts
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Reviewed by Raja Jahangir · Last reviewed: August 2026