The EMI on a ₹60 lakh home loan for 15 years at 8.5% a year is ₹59,084 a month. You pay ₹46,35,187 as interest, so the total repaid is ₹1,06,35,187.
At 8% the EMI would be ₹57,339; at 9% it would be ₹60,856. Every 0.5% changes the total interest by about ₹3,18,892 over the full tenure.
| Year | Principal paid | Interest paid | Loan left |
|---|---|---|---|
| 1 | ₹2,06,952 | ₹5,02,061 | ₹57,93,048 |
| 2 | ₹2,25,244 | ₹4,83,768 | ₹55,67,804 |
| 3 | ₹2,45,154 | ₹4,63,859 | ₹53,22,650 |
| 4 | ₹2,66,823 | ₹4,42,189 | ₹50,55,827 |
| 5 | ₹2,90,408 | ₹4,18,604 | ₹47,65,419 |
| 6 | ₹3,16,077 | ₹3,92,935 | ₹44,49,341 |
| 7 | ₹3,44,016 | ₹3,64,997 | ₹41,05,326 |
| 8 | ₹3,74,424 | ₹3,34,589 | ₹37,30,902 |
| 9 | ₹4,07,519 | ₹3,01,493 | ₹33,23,383 |
| 10 | ₹4,43,540 | ₹2,65,472 | ₹28,79,842 |
| 11 | ₹4,82,745 | ₹2,26,267 | ₹23,97,097 |
| 12 | ₹5,25,416 | ₹1,83,597 | ₹18,71,681 |
| 13 | ₹5,71,858 | ₹1,37,155 | ₹12,99,824 |
| 14 | ₹6,22,405 | ₹86,608 | ₹6,77,419 |
| 15 | ₹6,77,419 | ₹31,593 | ₹0 |
Rates used: October–December 2026 where a government rate applies. Results are estimates.