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.
30 lakh EMI across rates and tenures
Monthly EMI for a ₹30 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 | ₹36,398 | ₹37,196 | ₹38,003 | ₹38,819 | ₹39,645 |
| 15 years | ₹28,670 | ₹29,542 | ₹30,428 | ₹31,327 | ₹32,238 |
| 20 years | ₹25,093 | ₹26,035 | ₹26,992 | ₹27,964 | ₹28,951 |
| 25 years | ₹23,154 | ₹24,157 | ₹25,176 | ₹26,211 | ₹27,261 |
| 30 years | ₹22,013 | ₹23,067 | ₹24,139 | ₹25,226 | ₹26,327 |
How the balance falls (8.5%, 20 years)
| After year | Interest paid that year | Principal paid that year | Outstanding balance |
|---|---|---|---|
| 1 | ₹2,52,709 | ₹59,711 | ₹29,40,289 |
| 5 | ₹2,28,630 | ₹83,790 | ₹26,43,793 |
| 10 | ₹1,84,448 | ₹1,27,972 | ₹20,99,758 |
| 15 | ₹1,16,968 | ₹1,95,452 | ₹12,68,852 |
| 20 | ₹13,906 | ₹2,98,324 | ₹0 |
Frequently asked questions
At 8.5% interest for 20 years, the EMI on a ₹30 lakh home loan is ₹26,035 per month. Over the full tenure you pay ₹32,48,327 in interest, for a total outlay of ₹62,48,327.
₹37,196 per month at 8.5%. The shorter tenure raises the monthly outgo but cuts total interest to ₹14,63,485 - versus ₹32,48,327 over 20 years.
Banks typically cap total EMIs at 40–50% of net monthly income. At the ₹26,035 EMI (8.5%, 20 years), that implies a net monthly income of roughly ₹57,856 or more, assuming no other loans. Exact eligibility varies by lender and credit profile.
At 8.5% over 20 years: ₹32,48,327 - about 108% of the amount borrowed. Dropping to 15 years cuts interest to ₹23,17,594.
Other loan amounts
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Reviewed by Raja Jahangir · Last reviewed: August 2026