The EMI on a ₹20 lakh home loan for 10 years at 8.5% a year is ₹24,797 a month. You pay ₹9,75,657 as interest, so the total repaid is ₹29,75,657.
At 8% the EMI would be ₹24,266; at 9% it would be ₹25,335. Every 0.5% changes the total interest by about ₹64,562 over the full tenure.
| Year | Principal paid | Interest paid | Loan left |
|---|---|---|---|
| 1 | ₹1,32,655 | ₹1,64,911 | ₹18,67,345 |
| 2 | ₹1,44,380 | ₹1,53,186 | ₹17,22,965 |
| 3 | ₹1,57,142 | ₹1,40,424 | ₹15,65,823 |
| 4 | ₹1,71,032 | ₹1,26,534 | ₹13,94,791 |
| 5 | ₹1,86,150 | ₹1,11,416 | ₹12,08,642 |
| 6 | ₹2,02,603 | ₹94,962 | ₹10,06,038 |
| 7 | ₹2,20,512 | ₹77,054 | ₹7,85,527 |
| 8 | ₹2,40,003 | ₹57,563 | ₹5,45,523 |
| 9 | ₹2,61,217 | ₹36,349 | ₹2,84,306 |
| 10 | ₹2,84,306 | ₹13,259 | ₹0 |
Rates used: October–December 2026 where a government rate applies. Results are estimates.