₹12,078 per month at 8.5% — with interest, rate comparison and full repayment schedule.
The EMI for a ₹15,00,000 (15 lakh) home loan at 8.5% interest for 25 years is ₹12,078 per month. Over 300 months you will pay ₹21,23,522 in interest — 142% of the loan amount.
Total amount payable
₹36,23,522
Principal 41.4%Interest 58.6%
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 25 years. Here's the EMI on ₹15,00,000 at nearby rates:
| Interest rate | Monthly EMI | Total interest | Total payment |
|---|
| 7.00% | ₹10,602 | ₹16,80,506 | ₹31,80,506 |
| 7.50% | ₹11,085 | ₹18,25,460 | ₹33,25,460 |
| 8.00% | ₹11,577 | ₹19,73,173 | ₹34,73,173 |
| 8.25% | ₹11,827 | ₹20,48,026 | ₹35,48,026 |
| 8.50% | ₹12,078 | ₹21,23,522 | ₹36,23,522 |
| 8.75% | ₹12,332 | ₹21,99,646 | ₹36,99,646 |
| 9.00% | ₹12,588 | ₹22,76,384 | ₹37,76,384 |
| 9.50% | ₹13,105 | ₹24,31,635 | ₹39,31,635 |
| 10.00% | ₹13,631 | ₹25,89,153 | ₹40,89,153 |
| 10.50% | ₹14,163 | ₹27,48,818 | ₹42,48,818 |
Same loan, different tenures
A longer tenure lowers the EMI but increases the total interest:
| Tenure | Monthly EMI | Total interest |
|---|
| 10 years | ₹18,598 | ₹7,31,742 |
| 15 years | ₹14,771 | ₹11,58,797 |
| 20 years | ₹13,017 | ₹16,24,164 |
| 25 years | ₹12,078 | ₹21,23,522 |
| 30 years | ₹11,534 | ₹26,52,133 |
Year-wise repayment schedule
In the first year, ₹1,26,804 of your ₹1,44,941 in EMIs goes towards interest and only ₹18,137 reduces the principal.
| Year | Principal paid | Interest paid | Balance |
|---|
| 1 | ₹18,137 | ₹1,26,804 | ₹14,81,863 |
| 2 | ₹19,740 | ₹1,25,201 | ₹14,62,124 |
| 3 | ₹21,485 | ₹1,23,456 | ₹14,40,639 |
| 4 | ₹23,384 | ₹1,21,557 | ₹14,17,255 |
| 5 | ₹25,451 | ₹1,19,490 | ₹13,91,805 |
| 6 | ₹27,700 | ₹1,17,241 | ₹13,64,105 |
| 7 | ₹30,149 | ₹1,14,792 | ₹13,33,956 |
| 8 | ₹32,813 | ₹1,12,127 | ₹13,01,143 |
| 9 | ₹35,714 | ₹1,09,227 | ₹12,65,429 |
| 10 | ₹38,871 | ₹1,06,070 | ₹12,26,558 |
| 11 | ₹42,306 | ₹1,02,634 | ₹11,84,252 |
| 12 | ₹46,046 | ₹98,895 | ₹11,38,206 |
| 13 | ₹50,116 | ₹94,825 | ₹10,88,090 |
| 14 | ₹54,546 | ₹90,395 | ₹10,33,545 |
| 15 | ₹59,367 | ₹85,574 | ₹9,74,177 |
| 16 | ₹64,615 | ₹80,326 | ₹9,09,563 |
| 17 | ₹70,326 | ₹74,615 | ₹8,39,237 |
| 18 | ₹76,542 | ₹68,399 | ₹7,62,695 |
| 19 | ₹83,308 | ₹61,633 | ₹6,79,387 |
| 20 | ₹90,671 | ₹54,270 | ₹5,88,716 |
| 21 | ₹98,686 | ₹46,255 | ₹4,90,030 |
| 22 | ₹1,07,409 | ₹37,532 | ₹3,82,621 |
| 23 | ₹1,16,903 | ₹28,038 | ₹2,65,718 |
| 24 | ₹1,27,236 | ₹17,705 | ₹1,38,482 |
| 25 | ₹1,38,482 | ₹6,458 | ₹0 |
How much can you save by prepaying?
If you prepay just ₹75,000 (5% of the loan) after the first year and keep the same EMI, you save about ₹4,20,495 in interest and finish 41 months earlier. Try other amounts in the loan prepayment calculator.
Other loan amounts for 25 years
Frequently asked questions
What is the EMI for a 15 lakh home loan for 25 years?
At 8.5% interest, the EMI for a ₹15,00,000 home loan for 25 years is ₹12,078 per month. The total interest paid is ₹21,23,522.
What salary do I need for a 15 lakh home loan?
Banks usually allow EMIs of up to about 50% of your net monthly income. For an EMI of ₹12,078, you would typically need a take-home salary of at least ₹24,157 per month, with no other loans.
How can I reduce the EMI on a 15 lakh 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 ₹11,577.