EMI on a ₹1 crore home loan for 20 years at 8.5% interest
EMI ₹86,782 per month for 20 years on ₹1,00,00,000 at 8.5% — total interest ₹1,08,27,758, total payment ₹2,08,27,758.
- Monthly EMI
- ₹86,782
- Total interest
- ₹1,08,27,758
- Total repayment
- ₹2,08,27,758
| Tenure / rate | EMI | Total interest | Total paid |
|---|---|---|---|
| 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 |
| 30 years | ₹76,891 | ₹1,76,80,885 | ₹2,76,80,885 |
| 7.5% | ₹80,559 | ₹93,34,237 | ₹1,93,34,237 |
| 8% | ₹83,644 | ₹1,00,74,562 | ₹2,00,74,562 |
| 8.5% | ₹86,782 | ₹1,08,27,758 | ₹2,08,27,758 |
| 9% | ₹89,973 | ₹1,15,93,423 | ₹2,15,93,423 |
| 9.5% | ₹93,213 | ₹1,23,71,149 | ₹2,23,71,149 |
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 20 years at 8.5%?
₹86,782 per month. Over 20 years you repay ₹2,08,27,758 in total, of which ₹1,08,27,758 is interest.
How much interest will I pay on ₹1 crore at 8.5% over 20 years?
₹1,08,27,758 — roughly 108% 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.