The EMI on a ₹40 lakh home loan for 10 years at 8.5% a year is ₹49,594 a month. You pay ₹19,51,313 as interest, so the total repaid is ₹59,51,313.
At 8% the EMI would be ₹48,531; at 9% it would be ₹50,670. Every 0.5% changes the total interest by about ₹1,29,124 over the full tenure.
| Year | Principal paid | Interest paid | Loan left |
|---|---|---|---|
| 1 | ₹2,65,309 | ₹3,29,822 | ₹37,34,691 |
| 2 | ₹2,88,760 | ₹3,06,371 | ₹34,45,931 |
| 3 | ₹3,14,284 | ₹2,80,847 | ₹31,31,647 |
| 4 | ₹3,42,064 | ₹2,53,067 | ₹27,89,583 |
| 5 | ₹3,72,299 | ₹2,22,832 | ₹24,17,284 |
| 6 | ₹4,05,207 | ₹1,89,924 | ₹20,12,077 |
| 7 | ₹4,41,024 | ₹1,54,108 | ₹15,71,053 |
| 8 | ₹4,80,006 | ₹1,15,125 | ₹10,91,047 |
| 9 | ₹5,22,434 | ₹72,697 | ₹5,68,613 |
| 10 | ₹5,68,613 | ₹26,519 | ₹0 |
Rates used: October–December 2026 where a government rate applies. Results are estimates.