EMI on a ₹1 crore home loan for 10 years at 8.5% interest
EMI ₹1,23,986 per month for 10 years on ₹1,00,00,000 at 8.5% — total interest ₹48,78,283, total payment ₹1,48,78,283.
- Monthly EMI
- ₹1,23,986
- Total interest
- ₹48,78,283
- Total repayment
- ₹1,48,78,283
| Tenure / rate | EMI | Total interest | Total paid |
|---|---|---|---|
| 5 years | ₹2,05,165 | ₹23,09,919 | ₹1,23,09,919 |
| 10 years | ₹1,23,986 | ₹48,78,283 | ₹1,48,78,283 |
| 15 years | ₹98,474 | ₹77,25,312 | ₹1,77,25,312 |
| 20 years | ₹86,782 | ₹1,08,27,758 | ₹2,08,27,758 |
| 7.5% | ₹1,18,702 | ₹42,44,212 | ₹1,42,44,212 |
| 8% | ₹1,21,328 | ₹45,59,311 | ₹1,45,59,311 |
| 8.5% | ₹1,23,986 | ₹48,78,283 | ₹1,48,78,283 |
| 9% | ₹1,26,676 | ₹52,01,093 | ₹1,52,01,093 |
| 9.5% | ₹1,29,398 | ₹55,27,707 | ₹1,55,27,707 |
How this is calculated
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where r is the monthly rate (annual ÷ 12 ÷ 100) and n is the number of months.
EMI कैलकुलेटर: किसी भी लोन की सही मासिक किस्त (EMI), कुल ब्याज और कुल भुगतान जानें — वही reducing-balance फ़ॉर्मूला जो हर भारतीय बैंक इस्तेमाल करता है।
Frequently asked
What is the EMI on a ₹1 crore home loan for 10 years at 8.5%?
₹1,23,986 per month. Over 10 years you repay ₹1,48,78,283 in total, of which ₹48,78,283 is interest.
How much interest will I pay on ₹1 crore at 8.5% over 10 years?
₹48,78,283 — roughly 49% of the amount borrowed.
How is EMI calculated in India?
Banks use the reducing-balance method: EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1). P is the principal, r the monthly interest rate and n the number of monthly instalments. Early EMIs are mostly interest; later ones mostly principal.
Does a longer tenure reduce my EMI?
Yes, but total interest rises sharply. Doubling a home-loan tenure from 10 to 20 years typically cuts the EMI by around 30% while roughly doubling the interest paid.
Is prepayment worth it?
On floating-rate home loans RBI rules prohibit prepayment penalties for individuals, so a lump-sum prepayment early in the tenure saves the most interest. Ask Simpledot with your exact loan details for a prepayment schedule.
Figures are computed exactly from the stated inputs. Bank rates, processing fees, insurance and taxes vary — treat this as the arithmetic, not an offer. Last computed October 2026.