The EMI on a ₹15 lakh home loan for 15 years at 8.5% a year is ₹14,771 a month. You pay ₹11,58,797 as interest, so the total repaid is ₹26,58,797.
At 8% the EMI would be ₹14,335; at 9% it would be ₹15,214. Every 0.5% changes the total interest by about ₹79,723 over the full tenure.
| Year | Principal paid | Interest paid | Loan left |
|---|---|---|---|
| 1 | ₹51,738 | ₹1,25,515 | ₹14,48,262 |
| 2 | ₹56,311 | ₹1,20,942 | ₹13,91,951 |
| 3 | ₹61,288 | ₹1,15,965 | ₹13,30,663 |
| 4 | ₹66,706 | ₹1,10,547 | ₹12,63,957 |
| 5 | ₹72,602 | ₹1,04,651 | ₹11,91,355 |
| 6 | ₹79,019 | ₹98,234 | ₹11,12,335 |
| 7 | ₹86,004 | ₹91,249 | ₹10,26,331 |
| 8 | ₹93,606 | ₹83,647 | ₹9,32,725 |
| 9 | ₹1,01,880 | ₹75,373 | ₹8,30,846 |
| 10 | ₹1,10,885 | ₹66,368 | ₹7,19,961 |
| 11 | ₹1,20,686 | ₹56,567 | ₹5,99,274 |
| 12 | ₹1,31,354 | ₹45,899 | ₹4,67,920 |
| 13 | ₹1,42,964 | ₹34,289 | ₹3,24,956 |
| 14 | ₹1,55,601 | ₹21,652 | ₹1,69,355 |
| 15 | ₹1,69,355 | ₹7,898 | ₹0 |
Rates used: October–December 2026 where a government rate applies. Results are estimates.