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.
15 lakh EMI across rates and tenures
Monthly EMI for a ₹15 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 | ₹18,199 | ₹18,598 | ₹19,001 | ₹19,410 | ₹19,823 |
| 15 years | ₹14,335 | ₹14,771 | ₹15,214 | ₹15,663 | ₹16,119 |
| 20 years | ₹12,547 | ₹13,017 | ₹13,496 | ₹13,982 | ₹14,475 |
| 25 years | ₹11,577 | ₹12,078 | ₹12,588 | ₹13,105 | ₹13,631 |
| 30 years | ₹11,006 | ₹11,534 | ₹12,069 | ₹12,613 | ₹13,164 |
How the balance falls (8.5%, 20 years)
| After year | Interest paid that year | Principal paid that year | Outstanding balance |
|---|---|---|---|
| 1 | ₹1,26,355 | ₹29,849 | ₹14,70,151 |
| 5 | ₹1,14,318 | ₹41,886 | ₹13,21,934 |
| 10 | ₹92,231 | ₹63,973 | ₹10,49,973 |
| 15 | ₹58,498 | ₹97,706 | ₹6,34,607 |
| 20 | ₹6,978 | ₹1,49,226 | ₹219 |
Frequently asked questions
At 8.5% interest for 20 years, the EMI on a ₹15 lakh home loan is ₹13,017 per month. Over the full tenure you pay ₹16,24,164 in interest, for a total outlay of ₹31,24,164.
₹18,598 per month at 8.5%. The shorter tenure raises the monthly outgo but cuts total interest to ₹7,31,742 - versus ₹16,24,164 over 20 years.
Banks typically cap total EMIs at 40–50% of net monthly income. At the ₹13,017 EMI (8.5%, 20 years), that implies a net monthly income of roughly ₹28,927 or more, assuming no other loans. Exact eligibility varies by lender and credit profile.
At 8.5% over 20 years: ₹16,24,164 - about 108% of the amount borrowed. Dropping to 15 years cuts interest to ₹11,58,797.
Other loan amounts
Runs in your browser. Your files and text never leave your device - nothing is uploaded.
Reviewed by Raja Jahangir · Last reviewed: August 2026