EMI on a ₹20 lakh home loan for 20 years at 9% interest
EMI ₹17,995 per month for 20 years on ₹20,00,000 at 9% — total interest ₹23,18,685, total payment ₹43,18,685.
- Monthly EMI
- ₹17,995
- Total interest
- ₹23,18,685
- Total repayment
- ₹43,18,685
| Tenure / rate | EMI | Total interest | Total paid |
|---|---|---|---|
| 15 years | ₹20,285 | ₹16,51,360 | ₹36,51,360 |
| 20 years | ₹17,995 | ₹23,18,685 | ₹43,18,685 |
| 25 years | ₹16,784 | ₹30,35,178 | ₹50,35,178 |
| 30 years | ₹16,092 | ₹37,93,283 | ₹57,93,283 |
| 8% | ₹16,729 | ₹20,14,912 | ₹40,14,912 |
| 8.5% | ₹17,356 | ₹21,65,552 | ₹41,65,552 |
| 9% | ₹17,995 | ₹23,18,685 | ₹43,18,685 |
| 9.5% | ₹18,643 | ₹24,74,230 | ₹44,74,230 |
| 10% | ₹19,300 | ₹26,32,104 | ₹46,32,104 |
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 ₹20 lakh home loan for 20 years at 9%?
₹17,995 per month. Over 20 years you repay ₹43,18,685 in total, of which ₹23,18,685 is interest.
How much interest will I pay on ₹20 lakh at 9% over 20 years?
₹23,18,685 — 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.