EMI for a ₹5 lakh home loan

Rules for FY 2026-27 · Checked 24 October 2026

Short answer

The EMI on a ₹5 lakh home loan is ₹4,339 a month at 8.5% for 20 years. Over the loan you pay ₹5.41L in interest, ₹10.41L in all. Most lenders would want a take-home pay of about ₹8,678 a month for this EMI.

  • EMI a month₹4,3398.5%, 20 years
  • Total interest₹5.41L108% of the loan
  • Take-home needed₹8,678About twice the EMI
  • One extra EMI a yearSaves ₹1.03LEnds 3 years 3 months early

EMI on ₹5 lakh at different rates and tenures

Tenure7.5%8%8.5%9%9.5%
10 years₹5,935₹6,066₹6,199₹6,334₹6,470
15 years₹4,635₹4,778₹4,924₹5,071₹5,221
20 years₹4,028₹4,182₹4,339₹4,499₹4,661
25 years₹3,695₹3,859₹4,026₹4,196₹4,368
30 years₹3,496₹3,669₹3,845₹4,023₹4,204

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

Try your own rate and prepayments

5 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₹4,339

for 20 years.

  • You pay ₹5.41L in interest: 108% of the loan.
  • In the first year, 81% of every EMI goes to interest.
  • Paying ₹10k extra a year would save ₹1.86L of interest.
Total paid₹10.41L
  • Principal₹5,00,000
  • Total interest₹5,41,388
Total interest
₹5,41,388
Total paid (principal + interest)
₹10,41,388
Loan left at the end of each yearYear 20: ₹0 left
1234567891011121314151617181920
Repayment schedule by year
YearPrincipalInterestBalance
1₹9,951₹42,118₹4,90,049
2₹10,831₹41,239₹4,79,218
3₹11,788₹40,281₹4,67,430
4₹12,830₹39,239₹4,54,600
5₹13,964₹38,105₹4,40,636
6₹15,198₹36,871₹4,25,438
7₹16,542₹35,528₹4,08,896
8₹18,004₹34,065₹3,90,892
9₹19,595₹32,474₹3,71,296
10₹21,327₹30,742₹3,49,969
11₹23,213₹28,857₹3,26,757
12₹25,264₹26,805₹3,01,492
13₹27,497₹24,572₹2,73,995
14₹29,928₹22,141₹2,44,067
15₹32,573₹19,496₹2,11,494
16₹35,452₹16,617₹1,76,041
17₹38,586₹13,483₹1,37,455
18₹41,997₹10,073₹95,458
19₹45,709₹6,360₹49,749
20₹49,749₹2,320₹0

Frequently asked questions

What is the EMI for a ₹5 lakh home loan for 20 years?

₹4,339 a month at 8.5%. At 8% it is ₹4,182 and at 9% it is ₹4,499.

How much salary do I need for a ₹5 lakh home loan?

Many lenders keep all your EMIs within about half of your take-home pay, so an EMI of ₹4,339 needs roughly ₹8,678 a month in hand, if you have no other loans. Each lender has its own limits.

How much interest will I pay on a ₹5 lakh home loan?

About ₹5.41L over 20 years at 8.5%, so you repay ₹10.41L in all. Paying one extra EMI a year saves about ₹1.03L and ends the loan 3 years 3 months early.

EMI for other loan amounts