Monthly EMI and total interest on a ₹50 lakh loan. Change any number below.
Monthly EMI
| When | Principal paid | Interest paid | Loan left |
|---|
A ₹50 lakh home loan at 8.5% for 20 years has an EMI of about ₹43,391. Over the full loan you'd pay about ₹54,13,879 in interest. Here's the EMI for other rates and tenures:
| Tenure | 8% | 8.5% | 9% | 9.5% |
|---|---|---|---|---|
| 10 yrs | ₹60,664 | ₹61,993 | ₹63,338 | ₹64,699 |
| 15 yrs | ₹47,783 | ₹49,237 | ₹50,713 | ₹52,211 |
| 20 yrs | ₹41,822 | ₹43,391 | ₹44,986 | ₹46,607 |
| 25 yrs | ₹38,591 | ₹40,261 | ₹41,960 | ₹43,685 |
| 30 yrs | ₹36,688 | ₹38,446 | ₹40,231 | ₹42,043 |
Monthly EMI, rounded to the nearest rupee. Your lender's figure may differ slightly.
P = ₹50,00,000, r = the yearly rate ÷ 12 and n = the number of months. The calculator above also shows a year-by-year schedule. See the EMI Calculator guide for more.
About ₹43,391 a month at 8.5%, ₹41,822 at 8% and ₹44,986 at 9%.
At 8.5% for 20 years, about ₹54,13,879, so you repay ₹1,04,13,879 in total. Over 15 years the interest drops to about ₹38,62,656.
The EMI is lower (₹38,446 instead of ₹43,391 at 8.5%), but you pay much more interest: about ₹88,40,443 instead of ₹54,13,879. Prepaying when you can reduces the interest either way.
No. It shows the EMI and interest only. Ask your lender for the full cost, including fees and insurance.