The EMI on a ₹15 lakh home loan for 10 years at 8.5% a year is ₹18,598 a month. You pay ₹7,31,742 as interest, so the total repaid is ₹22,31,742.
At 8% the EMI would be ₹18,199; at 9% it would be ₹19,001. Every 0.5% changes the total interest by about ₹48,422 over the full tenure.
| Year | Principal paid | Interest paid | Loan left |
|---|---|---|---|
| 1 | ₹99,491 | ₹1,23,683 | ₹14,00,509 |
| 2 | ₹1,08,285 | ₹1,14,889 | ₹12,92,224 |
| 3 | ₹1,17,856 | ₹1,05,318 | ₹11,74,367 |
| 4 | ₹1,28,274 | ₹94,900 | ₹10,46,094 |
| 5 | ₹1,39,612 | ₹83,562 | ₹9,06,481 |
| 6 | ₹1,51,953 | ₹71,222 | ₹7,54,529 |
| 7 | ₹1,65,384 | ₹57,790 | ₹5,89,145 |
| 8 | ₹1,80,002 | ₹43,172 | ₹4,09,143 |
| 9 | ₹1,95,913 | ₹27,261 | ₹2,13,230 |
| 10 | ₹2,13,230 | ₹9,944 | ₹0 |
Rates used: October–December 2026 where a government rate applies. Results are estimates.