The EMI on a ₹40 lakh home loan for 15 years at 8.5% a year is ₹39,390 a month. You pay ₹30,90,125 as interest, so the total repaid is ₹70,90,125.
At 8% the EMI would be ₹38,226; at 9% it would be ₹40,571. Every 0.5% changes the total interest by about ₹2,12,595 over the full tenure.
| Year | Principal paid | Interest paid | Loan left |
|---|---|---|---|
| 1 | ₹1,37,968 | ₹3,34,707 | ₹38,62,032 |
| 2 | ₹1,50,163 | ₹3,22,512 | ₹37,11,869 |
| 3 | ₹1,63,436 | ₹3,09,239 | ₹35,48,433 |
| 4 | ₹1,77,882 | ₹2,94,793 | ₹33,70,551 |
| 5 | ₹1,93,605 | ₹2,79,070 | ₹31,76,946 |
| 6 | ₹2,10,718 | ₹2,61,957 | ₹29,66,228 |
| 7 | ₹2,29,344 | ₹2,43,331 | ₹27,36,884 |
| 8 | ₹2,49,616 | ₹2,23,059 | ₹24,87,268 |
| 9 | ₹2,71,680 | ₹2,00,995 | ₹22,15,588 |
| 10 | ₹2,95,694 | ₹1,76,981 | ₹19,19,895 |
| 11 | ₹3,21,830 | ₹1,50,845 | ₹15,98,065 |
| 12 | ₹3,50,277 | ₹1,22,398 | ₹12,47,788 |
| 13 | ₹3,81,238 | ₹91,437 | ₹8,66,549 |
| 14 | ₹4,14,936 | ₹57,739 | ₹4,51,613 |
| 15 | ₹4,51,613 | ₹21,062 | ₹0 |
Rates used: October–December 2026 where a government rate applies. Results are estimates.