The EMI on a ₹20 lakh home loan for 15 years at 8.5% a year is ₹19,695 a month. You pay ₹15,45,062 as interest, so the total repaid is ₹35,45,062.
At 8% the EMI would be ₹19,113; at 9% it would be ₹20,285. Every 0.5% changes the total interest by about ₹1,06,297 over the full tenure.
| Year | Principal paid | Interest paid | Loan left |
|---|---|---|---|
| 1 | ₹68,984 | ₹1,67,354 | ₹19,31,016 |
| 2 | ₹75,081 | ₹1,61,256 | ₹18,55,935 |
| 3 | ₹81,718 | ₹1,54,620 | ₹17,74,217 |
| 4 | ₹88,941 | ₹1,47,396 | ₹16,85,276 |
| 5 | ₹96,803 | ₹1,39,535 | ₹15,88,473 |
| 6 | ₹1,05,359 | ₹1,30,978 | ₹14,83,114 |
| 7 | ₹1,14,672 | ₹1,21,666 | ₹13,68,442 |
| 8 | ₹1,24,808 | ₹1,11,530 | ₹12,43,634 |
| 9 | ₹1,35,840 | ₹1,00,498 | ₹11,07,794 |
| 10 | ₹1,47,847 | ₹88,491 | ₹9,59,947 |
| 11 | ₹1,60,915 | ₹75,422 | ₹7,99,032 |
| 12 | ₹1,75,139 | ₹61,199 | ₹6,23,894 |
| 13 | ₹1,90,619 | ₹45,718 | ₹4,33,275 |
| 14 | ₹2,07,468 | ₹28,869 | ₹2,25,806 |
| 15 | ₹2,25,806 | ₹10,531 | ₹0 |
Rates used: October–December 2026 where a government rate applies. Results are estimates.