EMI on a ₹1 crore home loan for 15 years at 9% interest
EMI ₹1,01,427 per month for 15 years on ₹1,00,00,000 at 9% — total interest ₹82,56,799, total payment ₹1,82,56,799.
- Monthly EMI
- ₹1,01,427
- Total interest
- ₹82,56,799
- Total repayment
- ₹1,82,56,799
| Tenure / rate | EMI | Total interest | Total paid |
|---|---|---|---|
| 10 years | ₹1,26,676 | ₹52,01,093 | ₹1,52,01,093 |
| 15 years | ₹1,01,427 | ₹82,56,799 | ₹1,82,56,799 |
| 20 years | ₹89,973 | ₹1,15,93,423 | ₹2,15,93,423 |
| 25 years | ₹83,920 | ₹1,51,75,891 | ₹2,51,75,891 |
| 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 |
| 10% | ₹1,07,461 | ₹93,42,892 | ₹1,93,42,892 |
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 9%?
₹1,01,427 per month. Over 15 years you repay ₹1,82,56,799 in total, of which ₹82,56,799 is interest.
How much interest will I pay on ₹1 crore at 9% over 15 years?
₹82,56,799 — roughly 83% 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.