₹1,30,173 per month at 8.5% — with interest, rate comparison and full repayment schedule.
The EMI for a ₹1,50,00,000 (1.5 crore) home loan at 8.5% interest for 20 years is ₹1,30,173 per month. Over 240 months you will pay ₹1,62,41,636 in interest — 108% of the loan amount.
Total interest
₹1,62,41,636
Total amount payable
₹3,12,41,636
Principal 48.0%Interest 52.0%
8.5% is a typical home loan rate used as an example. Your bank's rate depends on your credit score, income and lender.
EMI at different interest rates
Even a small change in the rate makes a big difference over 20 years. Here's the EMI on ₹1,50,00,000 at nearby rates:
| Interest rate | Monthly EMI | Total interest | Total payment |
|---|
| 7.00% | ₹1,16,295 | ₹1,29,10,762 | ₹2,79,10,762 |
| 7.50% | ₹1,20,839 | ₹1,40,01,355 | ₹2,90,01,355 |
| 8.00% | ₹1,25,466 | ₹1,51,11,842 | ₹3,01,11,842 |
| 8.25% | ₹1,27,810 | ₹1,56,74,363 | ₹3,06,74,363 |
| 8.50% | ₹1,30,173 | ₹1,62,41,636 | ₹3,12,41,636 |
| 8.75% | ₹1,32,557 | ₹1,68,13,586 | ₹3,18,13,586 |
| 9.00% | ₹1,34,959 | ₹1,73,90,134 | ₹3,23,90,134 |
| 9.50% | ₹1,39,820 | ₹1,85,56,723 | ₹3,35,56,723 |
| 10.00% | ₹1,44,753 | ₹1,97,40,779 | ₹3,47,40,779 |
| 10.50% | ₹1,49,757 | ₹2,09,41,676 | ₹3,59,41,676 |
Same loan, different tenures
A longer tenure lowers the EMI but increases the total interest:
| Tenure | Monthly EMI | Total interest |
|---|
| 10 years | ₹1,85,979 | ₹73,17,424 |
| 15 years | ₹1,47,711 | ₹1,15,87,968 |
| 20 years | ₹1,30,173 | ₹1,62,41,636 |
| 25 years | ₹1,20,784 | ₹2,12,35,219 |
| 30 years | ₹1,15,337 | ₹2,65,21,328 |
Year-wise repayment schedule
In the first year, ₹12,63,547 of your ₹15,62,082 in EMIs goes towards interest and only ₹2,98,534 reduces the principal.
| Year | Principal paid | Interest paid | Balance |
|---|
| 1 | ₹2,98,534 | ₹12,63,547 | ₹1,47,01,466 |
| 2 | ₹3,24,922 | ₹12,37,160 | ₹1,43,76,544 |
| 3 | ₹3,53,642 | ₹12,08,440 | ₹1,40,22,901 |
| 4 | ₹3,84,901 | ₹11,77,181 | ₹1,36,38,000 |
| 5 | ₹4,18,923 | ₹11,43,159 | ₹1,32,19,077 |
| 6 | ₹4,55,952 | ₹11,06,130 | ₹1,27,63,126 |
| 7 | ₹4,96,254 | ₹10,65,828 | ₹1,22,66,872 |
| 8 | ₹5,40,118 | ₹10,21,964 | ₹1,17,26,754 |
| 9 | ₹5,87,860 | ₹9,74,222 | ₹1,11,38,894 |
| 10 | ₹6,39,821 | ₹9,22,261 | ₹1,04,99,073 |
| 11 | ₹6,96,375 | ₹8,65,706 | ₹98,02,698 |
| 12 | ₹7,57,929 | ₹8,04,153 | ₹90,44,769 |
| 13 | ₹8,24,923 | ₹7,37,159 | ₹82,19,847 |
| 14 | ₹8,97,838 | ₹6,64,244 | ₹73,22,009 |
| 15 | ₹9,77,199 | ₹5,84,883 | ₹63,44,810 |
| 16 | ₹10,63,574 | ₹4,98,507 | ₹52,81,235 |
| 17 | ₹11,57,585 | ₹4,04,497 | ₹41,23,650 |
| 18 | ₹12,59,905 | ₹3,02,177 | ₹28,63,746 |
| 19 | ₹13,71,269 | ₹1,90,813 | ₹14,92,477 |
| 20 | ₹14,92,477 | ₹69,605 | ₹0 |
How much can you save by prepaying?
If you prepay just ₹7,50,000 (5% of the loan) after the first year and keep the same EMI, you save about ₹26,74,158 in interest and finish 26 months earlier. Try other amounts in the loan prepayment calculator.
Other loan amounts for 20 years
Frequently asked questions
What is the EMI for a 1.5 crore home loan for 20 years?
At 8.5% interest, the EMI for a ₹1,50,00,000 home loan for 20 years is ₹1,30,173 per month. The total interest paid is ₹1,62,41,636.
What salary do I need for a 1.5 crore home loan?
Banks usually allow EMIs of up to about 50% of your net monthly income. For an EMI of ₹1,30,173, you would typically need a take-home salary of at least ₹2,60,347 per month, with no other loans.
How can I reduce the EMI on a 1.5 crore loan?
Choose a longer tenure, negotiate a lower interest rate, or make a larger down payment. For example, at 8.00% the EMI drops to ₹1,25,466.