EMI on a ₹30 lakh home loan for 20 years at 8.5% interest
EMI ₹26,035 per month for 20 years on ₹30,00,000 at 8.5% — total interest ₹32,48,327, total payment ₹62,48,327.
- Monthly EMI
- ₹26,035
- Total interest
- ₹32,48,327
- Total repayment
- ₹62,48,327
| Tenure / rate | EMI | Total interest | Total paid |
|---|---|---|---|
| 15 years | ₹29,542 | ₹23,17,594 | ₹53,17,594 |
| 20 years | ₹26,035 | ₹32,48,327 | ₹62,48,327 |
| 25 years | ₹24,157 | ₹42,47,044 | ₹72,47,044 |
| 30 years | ₹23,067 | ₹53,04,266 | ₹83,04,266 |
| 7.5% | ₹24,168 | ₹28,00,271 | ₹58,00,271 |
| 8% | ₹25,093 | ₹30,22,368 | ₹60,22,368 |
| 8.5% | ₹26,035 | ₹32,48,327 | ₹62,48,327 |
| 9% | ₹26,992 | ₹34,78,027 | ₹64,78,027 |
| 9.5% | ₹27,964 | ₹37,11,345 | ₹67,11,345 |
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 20 years at 8.5%?
₹26,035 per month. Over 20 years you repay ₹62,48,327 in total, of which ₹32,48,327 is interest.
How much interest will I pay on ₹30 lakh at 8.5% over 20 years?
₹32,48,327 — 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.