EMI on a ₹30 lakh home loan for 20 years at 9% interest
EMI ₹26,992 per month for 20 years on ₹30,00,000 at 9% — total interest ₹34,78,027, total payment ₹64,78,027.
- Monthly EMI
- ₹26,992
- Total interest
- ₹34,78,027
- Total repayment
- ₹64,78,027
| Tenure / rate | EMI | Total interest | Total paid |
|---|---|---|---|
| 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 |
| 30 years | ₹24,139 | ₹56,89,924 | ₹86,89,924 |
| 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 |
| 10% | ₹28,951 | ₹39,48,156 | ₹69,48,156 |
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 9%?
₹26,992 per month. Over 20 years you repay ₹64,78,027 in total, of which ₹34,78,027 is interest.
How much interest will I pay on ₹30 lakh at 9% over 20 years?
₹34,78,027 — 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.