EMI on a ₹1 crore home loan for 20 years at 9% interest
EMI ₹89,973 per month for 20 years on ₹1,00,00,000 at 9% — total interest ₹1,15,93,423, total payment ₹2,15,93,423.
- Monthly EMI
- ₹89,973
- Total interest
- ₹1,15,93,423
- Total repayment
- ₹2,15,93,423
| Tenure / rate | EMI | Total interest | Total paid |
|---|---|---|---|
| 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 |
| 30 years | ₹80,462 | ₹1,89,66,414 | ₹2,89,66,414 |
| 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 |
| 10% | ₹96,502 | ₹1,31,60,519 | ₹2,31,60,519 |
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 9%?
₹89,973 per month. Over 20 years you repay ₹2,15,93,423 in total, of which ₹1,15,93,423 is interest.
How much interest will I pay on ₹1 crore at 9% over 20 years?
₹1,15,93,423 — roughly 116% 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.