The EMI on a ₹30 lakh home loan for 15 years at 8.5% a year is ₹29,542 a month. You pay ₹23,17,594 as interest, so the total repaid is ₹53,17,594.
At 8% the EMI would be ₹28,670; at 9% it would be ₹30,428. Every 0.5% changes the total interest by about ₹1,59,446 over the full tenure.
| Year | Principal paid | Interest paid | Loan left |
|---|---|---|---|
| 1 | ₹1,03,476 | ₹2,51,030 | ₹28,96,524 |
| 2 | ₹1,12,622 | ₹2,41,884 | ₹27,83,902 |
| 3 | ₹1,22,577 | ₹2,31,929 | ₹26,61,325 |
| 4 | ₹1,33,412 | ₹2,21,095 | ₹25,27,913 |
| 5 | ₹1,45,204 | ₹2,09,302 | ₹23,82,709 |
| 6 | ₹1,58,039 | ₹1,96,468 | ₹22,24,671 |
| 7 | ₹1,72,008 | ₹1,82,498 | ₹20,52,663 |
| 8 | ₹1,87,212 | ₹1,67,294 | ₹18,65,451 |
| 9 | ₹2,03,760 | ₹1,50,747 | ₹16,61,691 |
| 10 | ₹2,21,770 | ₹1,32,736 | ₹14,39,921 |
| 11 | ₹2,41,373 | ₹1,13,134 | ₹11,98,548 |
| 12 | ₹2,62,708 | ₹91,798 | ₹9,35,841 |
| 13 | ₹2,85,929 | ₹68,577 | ₹6,49,912 |
| 14 | ₹3,11,202 | ₹43,304 | ₹3,38,710 |
| 15 | ₹3,38,710 | ₹15,797 | ₹0 |
Rates used: October–December 2026 where a government rate applies. Results are estimates.