₹11,534 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 30 years is ₹11,534 per month. Over 360 months you will pay ₹26,52,133 in interest — 177% of the loan amount.
Total amount payable
₹41,52,133
Principal 36.1%Interest 63.9%
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 30 years. Here's the EMI on ₹15,00,000 at nearby rates:
| Interest rate | Monthly EMI | Total interest | Total payment |
|---|
| 7.00% | ₹9,980 | ₹20,92,633 | ₹35,92,633 |
| 7.50% | ₹10,488 | ₹22,75,758 | ₹37,75,758 |
| 8.00% | ₹11,006 | ₹24,62,329 | ₹39,62,329 |
| 8.25% | ₹11,269 | ₹25,56,840 | ₹40,56,840 |
| 8.50% | ₹11,534 | ₹26,52,133 | ₹41,52,133 |
| 8.75% | ₹11,801 | ₹27,48,182 | ₹42,48,182 |
| 9.00% | ₹12,069 | ₹28,44,962 | ₹43,44,962 |
| 9.50% | ₹12,613 | ₹30,40,613 | ₹45,40,613 |
| 10.00% | ₹13,164 | ₹32,38,886 | ₹47,38,886 |
| 10.50% | ₹13,721 | ₹34,39,592 | ₹49,39,592 |
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, ₹1,27,065 of your ₹1,38,404 in EMIs goes towards interest and only ₹11,339 reduces the principal.
| Year | Principal paid | Interest paid | Balance |
|---|
| 1 | ₹11,339 | ₹1,27,065 | ₹14,88,661 |
| 2 | ₹12,342 | ₹1,26,063 | ₹14,76,319 |
| 3 | ₹13,433 | ₹1,24,972 | ₹14,62,886 |
| 4 | ₹14,620 | ₹1,23,784 | ₹14,48,266 |
| 5 | ₹15,912 | ₹1,22,492 | ₹14,32,354 |
| 6 | ₹17,319 | ₹1,21,086 | ₹14,15,035 |
| 7 | ₹18,850 | ₹1,19,555 | ₹13,96,186 |
| 8 | ₹20,516 | ₹1,17,889 | ₹13,75,670 |
| 9 | ₹22,329 | ₹1,16,075 | ₹13,53,341 |
| 10 | ₹24,303 | ₹1,14,102 | ₹13,29,038 |
| 11 | ₹26,451 | ₹1,11,954 | ₹13,02,587 |
| 12 | ₹28,789 | ₹1,09,616 | ₹12,73,798 |
| 13 | ₹31,334 | ₹1,07,071 | ₹12,42,465 |
| 14 | ₹34,103 | ₹1,04,301 | ₹12,08,362 |
| 15 | ₹37,118 | ₹1,01,287 | ₹11,71,244 |
| 16 | ₹40,398 | ₹98,006 | ₹11,30,845 |
| 17 | ₹43,969 | ₹94,435 | ₹10,86,876 |
| 18 | ₹47,856 | ₹90,549 | ₹10,39,020 |
| 19 | ₹52,086 | ₹86,319 | ₹9,86,934 |
| 20 | ₹56,690 | ₹81,715 | ₹9,30,245 |
| 21 | ₹61,701 | ₹76,704 | ₹8,68,544 |
| 22 | ₹67,154 | ₹71,250 | ₹8,01,390 |
| 23 | ₹73,090 | ₹65,314 | ₹7,28,299 |
| 24 | ₹79,551 | ₹58,854 | ₹6,48,749 |
| 25 | ₹86,582 | ₹51,822 | ₹5,62,166 |
| 26 | ₹94,235 | ₹44,169 | ₹4,67,931 |
| 27 | ₹1,02,565 | ₹35,839 | ₹3,65,366 |
| 28 | ₹1,11,631 | ₹26,774 | ₹2,53,735 |
| 29 | ₹1,21,498 | ₹16,907 | ₹1,32,237 |
| 30 | ₹1,32,237 | ₹6,167 | ₹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 ₹6,27,519 in interest and finish 60 months earlier. Try other amounts in the loan prepayment calculator.
Other loan amounts for 30 years
Frequently asked questions
What is the EMI for a 15 lakh home loan for 30 years?
At 8.5% interest, the EMI for a ₹15,00,000 home loan for 30 years is ₹11,534 per month. The total interest paid is ₹26,52,133.
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 ₹11,534, you would typically need a take-home salary of at least ₹23,067 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 ₹11,006.