The EMI on a ₹60 lakh home loan for 10 years at 8.5% a year is ₹74,391 a month. You pay ₹29,26,970 as interest, so the total repaid is ₹89,26,970.
At 8% the EMI would be ₹72,797; at 9% it would be ₹76,005. Every 0.5% changes the total interest by about ₹1,93,686 over the full tenure.
| Year | Principal paid | Interest paid | Loan left |
|---|---|---|---|
| 1 | ₹3,97,964 | ₹4,94,733 | ₹56,02,036 |
| 2 | ₹4,33,140 | ₹4,59,557 | ₹51,68,896 |
| 3 | ₹4,71,426 | ₹4,21,271 | ₹46,97,470 |
| 4 | ₹5,13,096 | ₹3,79,601 | ₹41,84,374 |
| 5 | ₹5,58,449 | ₹3,34,248 | ₹36,25,925 |
| 6 | ₹6,07,810 | ₹2,84,886 | ₹30,18,115 |
| 7 | ₹6,61,535 | ₹2,31,162 | ₹23,56,580 |
| 8 | ₹7,20,009 | ₹1,72,688 | ₹16,36,570 |
| 9 | ₹7,83,651 | ₹1,09,046 | ₹8,52,919 |
| 10 | ₹8,52,919 | ₹39,778 | ₹0 |
Rates used: October–December 2026 where a government rate applies. Results are estimates.