EMI for a ₹10 lakh home loan

Rules for FY 2026-27 · Checked 24 October 2026

Short answer

The EMI on a ₹10 lakh home loan is ₹8,678 a month at 8.5% for 20 years. Over the loan you pay ₹10.83L in interest, ₹20.83L in all. Most lenders would want a take-home pay of about ₹17,356 a month for this EMI.

  • EMI a month₹8,6788.5%, 20 years
  • Total interest₹10.83L108% of the loan
  • Take-home needed₹17,356About twice the EMI
  • One extra EMI a yearSaves ₹2.06LEnds 3 years 3 months early

EMI on ₹10 lakh at different rates and tenures

Tenure7.5%8%8.5%9%9.5%
10 years₹11,870₹12,133₹12,399₹12,668₹12,940
15 years₹9,270₹9,557₹9,847₹10,143₹10,442
20 years₹8,056₹8,364₹8,678₹8,997₹9,321
25 years₹7,390₹7,718₹8,052₹8,392₹8,737
30 years₹6,992₹7,338₹7,689₹8,046₹8,409

A longer tenure lowers the EMI but adds a lot of interest. Choose the shortest tenure whose EMI you can pay comfortably, and prepay when you can.

EMI on nearby loan amounts

LoanEMI (8.5%, 20 years)Total interest
₹5 lakh₹4,339₹5.41L
₹10 lakh₹8,678₹10.83L
₹15 lakh₹13,017₹16.24L
₹20 lakh₹17,356₹21.66L

Try your own rate and prepayments

10 lakh
₹
%

Home loans 7.5–9.5%, car loans 8.5–11%, personal loans 10.5–24%.

yrs
₹

A prepayment at the end of each year. Your EMI stays the same; the loan ends sooner.

Monthly EMI₹8,678

for 20 years.

  • You pay ₹10.83L in interest: 108% of the loan.
  • In the first year, 81% of every EMI goes to interest.
  • Paying ₹20k extra a year would save ₹3.71L of interest.
Total paid₹20.83L
  • Principal₹10,00,000
  • Total interest₹10,82,776
Total interest
₹10,82,776
Total paid (principal + interest)
₹20,82,776
Loan left at the end of each yearYear 20: ₹0 left
1234567891011121314151617181920
Repayment schedule by year
YearPrincipalInterestBalance
1₹19,902₹84,236₹9,80,098
2₹21,661₹82,477₹9,58,436
3₹23,576₹80,563₹9,34,860
4₹25,660₹78,479₹9,09,200
5₹27,928₹76,211₹8,81,272
6₹30,397₹73,742₹8,50,875
7₹33,084₹71,055₹8,17,791
8₹36,008₹68,131₹7,81,784
9₹39,191₹64,948₹7,42,593
10₹42,655₹61,484₹6,99,938
11₹46,425₹57,714₹6,53,513
12₹50,529₹53,610₹6,02,985
13₹54,995₹49,144₹5,47,990
14₹59,856₹44,283₹4,88,134
15₹65,147₹38,992₹4,22,987
16₹70,905₹33,234₹3,52,082
17₹77,172₹26,966₹2,74,910
18₹83,994₹20,145₹1,90,916
19₹91,418₹12,721₹99,498
20₹99,498₹4,640₹0

Frequently asked questions

What is the EMI for a ₹10 lakh home loan for 20 years?

₹8,678 a month at 8.5%. At 8% it is ₹8,364 and at 9% it is ₹8,997.

How much salary do I need for a ₹10 lakh home loan?

Many lenders keep all your EMIs within about half of your take-home pay, so an EMI of ₹8,678 needs roughly ₹17,356 a month in hand, if you have no other loans. Each lender has its own limits.

How much interest will I pay on a ₹10 lakh home loan?

About ₹10.83L over 20 years at 8.5%, so you repay ₹20.83L in all. Paying one extra EMI a year saves about ₹2.06L and ends the loan 3 years 3 months early.

EMI for other loan amounts