The EMI on a ₹10 lakh home loan for 10 years at 8.5% a year is ₹12,399 a month. You pay ₹4,87,828 as interest, so the total repaid is ₹14,87,828.
At 8% the EMI would be ₹12,133; at 9% it would be ₹12,668. Every 0.5% changes the total interest by about ₹32,281 over the full tenure.
| Year | Principal paid | Interest paid | Loan left |
|---|---|---|---|
| 1 | ₹66,327 | ₹82,456 | ₹9,33,673 |
| 2 | ₹72,190 | ₹76,593 | ₹8,61,483 |
| 3 | ₹78,571 | ₹70,212 | ₹7,82,912 |
| 4 | ₹85,516 | ₹63,267 | ₹6,97,396 |
| 5 | ₹93,075 | ₹55,708 | ₹6,04,321 |
| 6 | ₹1,01,302 | ₹47,481 | ₹5,03,019 |
| 7 | ₹1,10,256 | ₹38,527 | ₹3,92,763 |
| 8 | ₹1,20,002 | ₹28,781 | ₹2,72,762 |
| 9 | ₹1,30,609 | ₹18,174 | ₹1,42,153 |
| 10 | ₹1,42,153 | ₹6,630 | ₹0 |
Rates used: October–December 2026 where a government rate applies. Results are estimates.