EMI on a ₹30 lakh home loan for 10 years at 8.5% interest
EMI ₹37,196 per month for 10 years on ₹30,00,000 at 8.5% — total interest ₹14,63,485, total payment ₹44,63,485.
- Monthly EMI
- ₹37,196
- Total interest
- ₹14,63,485
- Total repayment
- ₹44,63,485
| Tenure / rate | EMI | Total interest | Total paid |
|---|---|---|---|
| 5 years | ₹61,550 | ₹6,92,976 | ₹36,92,976 |
| 10 years | ₹37,196 | ₹14,63,485 | ₹44,63,485 |
| 15 years | ₹29,542 | ₹23,17,594 | ₹53,17,594 |
| 20 years | ₹26,035 | ₹32,48,327 | ₹62,48,327 |
| 7.5% | ₹35,611 | ₹12,73,264 | ₹42,73,264 |
| 8% | ₹36,398 | ₹13,67,793 | ₹43,67,793 |
| 8.5% | ₹37,196 | ₹14,63,485 | ₹44,63,485 |
| 9% | ₹38,003 | ₹15,60,328 | ₹45,60,328 |
| 9.5% | ₹38,819 | ₹16,58,312 | ₹46,58,312 |
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 ₹30 lakh home loan for 10 years at 8.5%?
₹37,196 per month. Over 10 years you repay ₹44,63,485 in total, of which ₹14,63,485 is interest.
How much interest will I pay on ₹30 lakh at 8.5% over 10 years?
₹14,63,485 — roughly 49% 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.