EMI on a ₹30 lakh home loan for 15 years at 9% interest
EMI ₹30,428 per month for 15 years on ₹30,00,000 at 9% — total interest ₹24,77,040, total payment ₹54,77,040.
- Monthly EMI
- ₹30,428
- Total interest
- ₹24,77,040
- Total repayment
- ₹54,77,040
| Tenure / rate | EMI | Total interest | Total paid |
|---|---|---|---|
| 10 years | ₹38,003 | ₹15,60,328 | ₹45,60,328 |
| 15 years | ₹30,428 | ₹24,77,040 | ₹54,77,040 |
| 20 years | ₹26,992 | ₹34,78,027 | ₹64,78,027 |
| 25 years | ₹25,176 | ₹45,52,767 | ₹75,52,767 |
| 8% | ₹28,670 | ₹21,60,521 | ₹51,60,521 |
| 8.5% | ₹29,542 | ₹23,17,594 | ₹53,17,594 |
| 9% | ₹30,428 | ₹24,77,040 | ₹54,77,040 |
| 9.5% | ₹31,327 | ₹26,38,813 | ₹56,38,813 |
| 10% | ₹32,238 | ₹28,02,868 | ₹58,02,868 |
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 15 years at 9%?
₹30,428 per month. Over 15 years you repay ₹54,77,040 in total, of which ₹24,77,040 is interest.
How much interest will I pay on ₹30 lakh at 9% over 15 years?
₹24,77,040 — 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.