The EMI on a ₹30 lakh home loan for 10 years at 8.5% a year is ₹37,196 a month. You pay ₹14,63,485 as interest, so the total repaid is ₹44,63,485.
At 8% the EMI would be ₹36,398; at 9% it would be ₹38,003. Every 0.5% changes the total interest by about ₹96,843 over the full tenure.
| Year | Principal paid | Interest paid | Loan left |
|---|---|---|---|
| 1 | ₹1,98,982 | ₹2,47,367 | ₹28,01,018 |
| 2 | ₹2,16,570 | ₹2,29,778 | ₹25,84,448 |
| 3 | ₹2,35,713 | ₹2,10,636 | ₹23,48,735 |
| 4 | ₹2,56,548 | ₹1,89,801 | ₹20,92,187 |
| 5 | ₹2,79,224 | ₹1,67,124 | ₹18,12,963 |
| 6 | ₹3,03,905 | ₹1,42,443 | ₹15,09,057 |
| 7 | ₹3,30,768 | ₹1,15,581 | ₹11,78,290 |
| 8 | ₹3,60,005 | ₹86,344 | ₹8,18,285 |
| 9 | ₹3,91,826 | ₹54,523 | ₹4,26,460 |
| 10 | ₹4,26,460 | ₹19,889 | ₹0 |
Rates used: October–December 2026 where a government rate applies. Results are estimates.