EMI on a ₹1 crore home loan for 15 years at 8.5% interest
EMI ₹98,474 per month for 15 years on ₹1,00,00,000 at 8.5% — total interest ₹77,25,312, total payment ₹1,77,25,312.
- Monthly EMI
- ₹98,474
- Total interest
- ₹77,25,312
- Total repayment
- ₹1,77,25,312
| Tenure / rate | EMI | Total interest | Total paid |
|---|---|---|---|
| 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 |
| 25 years | ₹80,523 | ₹1,41,56,813 | ₹2,41,56,813 |
| 7.5% | ₹92,701 | ₹66,86,222 | ₹1,66,86,222 |
| 8% | ₹95,565 | ₹72,01,738 | ₹1,72,01,738 |
| 8.5% | ₹98,474 | ₹77,25,312 | ₹1,77,25,312 |
| 9% | ₹1,01,427 | ₹82,56,799 | ₹1,82,56,799 |
| 9.5% | ₹1,04,422 | ₹87,96,044 | ₹1,87,96,044 |
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 15 years at 8.5%?
₹98,474 per month. Over 15 years you repay ₹1,77,25,312 in total, of which ₹77,25,312 is interest.
How much interest will I pay on ₹1 crore at 8.5% over 15 years?
₹77,25,312 — roughly 77% 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.