The EMI on a ₹15 lakh home loan for 20 years at 8.5% a year is ₹13,017 a month. You pay ₹16,24,164 as interest, so the total repaid is ₹31,24,164.
At 8% the EMI would be ₹12,547; at 9% it would be ₹13,496. Every 0.5% changes the total interest by about ₹1,14,850 over the full tenure.
| Year | Principal paid | Interest paid | Loan left |
|---|---|---|---|
| 1 | ₹29,853 | ₹1,26,355 | ₹14,70,147 |
| 2 | ₹32,492 | ₹1,23,716 | ₹14,37,654 |
| 3 | ₹35,364 | ₹1,20,844 | ₹14,02,290 |
| 4 | ₹38,490 | ₹1,17,718 | ₹13,63,800 |
| 5 | ₹41,892 | ₹1,14,316 | ₹13,21,908 |
| 6 | ₹45,595 | ₹1,10,613 | ₹12,76,313 |
| 7 | ₹49,625 | ₹1,06,583 | ₹12,26,687 |
| 8 | ₹54,012 | ₹1,02,196 | ₹11,72,675 |
| 9 | ₹58,786 | ₹97,422 | ₹11,13,889 |
| 10 | ₹63,982 | ₹92,226 | ₹10,49,907 |
| 11 | ₹69,638 | ₹86,571 | ₹9,80,270 |
| 12 | ₹75,793 | ₹80,415 | ₹9,04,477 |
| 13 | ₹82,492 | ₹73,716 | ₹8,21,985 |
| 14 | ₹89,784 | ₹66,424 | ₹7,32,201 |
| 15 | ₹97,720 | ₹58,488 | ₹6,34,481 |
| 16 | ₹1,06,357 | ₹49,851 | ₹5,28,124 |
| 17 | ₹1,15,758 | ₹40,450 | ₹4,12,365 |
| 18 | ₹1,25,990 | ₹30,218 | ₹2,86,375 |
| 19 | ₹1,37,127 | ₹19,081 | ₹1,49,248 |
| 20 | ₹1,49,248 | ₹6,961 | ₹0 |
Rates used: October–December 2026 where a government rate applies. Results are estimates.