The EMI on a ₹10 lakh home loan for 15 years at 8.5% a year is ₹9,847 a month. You pay ₹7,72,531 as interest, so the total repaid is ₹17,72,531.
At 8% the EMI would be ₹9,557; at 9% it would be ₹10,143. Every 0.5% changes the total interest by about ₹53,149 over the full tenure.
| Year | Principal paid | Interest paid | Loan left |
|---|---|---|---|
| 1 | ₹34,492 | ₹83,677 | ₹9,65,508 |
| 2 | ₹37,541 | ₹80,628 | ₹9,27,967 |
| 3 | ₹40,859 | ₹77,310 | ₹8,87,108 |
| 4 | ₹44,471 | ₹73,698 | ₹8,42,638 |
| 5 | ₹48,401 | ₹69,767 | ₹7,94,236 |
| 6 | ₹52,680 | ₹65,489 | ₹7,41,557 |
| 7 | ₹57,336 | ₹60,833 | ₹6,84,221 |
| 8 | ₹62,404 | ₹55,765 | ₹6,21,817 |
| 9 | ₹67,920 | ₹50,249 | ₹5,53,897 |
| 10 | ₹73,923 | ₹44,245 | ₹4,79,974 |
| 11 | ₹80,458 | ₹37,711 | ₹3,99,516 |
| 12 | ₹87,569 | ₹30,599 | ₹3,11,947 |
| 13 | ₹95,310 | ₹22,859 | ₹2,16,637 |
| 14 | ₹1,03,734 | ₹14,435 | ₹1,12,903 |
| 15 | ₹1,12,903 | ₹5,266 | ₹0 |
Rates used: October–December 2026 where a government rate applies. Results are estimates.