Home Loan EMI Calculator
Calculate your monthly home loan EMI for any loan amount and tenure. India's home loan rates currently range from 8.35% to 10.5% per annum across major banks.
₹30.00 L Home Loan · 8.75% p.a. · 20 years
₹26,511/month
EMI at Different Interest Rates (20 Years)
| Interest Rate | Monthly EMI | Total Interest | Total Payment |
|---|---|---|---|
| 8.35% | ₹25,751 | ₹31.80 L | ₹61.80 L |
| 8.75% (current) | ₹26,511 | ₹33.63 L | ₹63.63 L |
| 9.25% | ₹27,476 | ₹35.94 L | ₹65.94 L |
| 10% | ₹28,951 | ₹39.48 L | ₹69.48 L |
Rates as of 2026. Actual rates vary by lender and borrower profile.
EMI for Different Loan Tenures (8.75% p.a.)
| Tenure | Monthly EMI | Total Interest | Total Payment |
|---|---|---|---|
| 10 years | ₹37,598 | ₹15.12 L | ₹45.12 L |
| 15 years | ₹29,983 | ₹23.97 L | ₹53.97 L |
| 20 years ★ | ₹26,511 | ₹33.63 L | ₹63.63 L |
| 25 years | ₹24,664 | ₹43.99 L | ₹73.99 L |
| 30 years | ₹23,601 | ₹54.96 L | ₹84.96 L |
★ marks your selected tenure. Shorter tenure = lower total interest but higher monthly EMI.
Frequently Asked Questions
What is the EMI for a ₹30 lakh home loan at 8.75% for 20 years?
The EMI for a ₹30 lakh home loan at 8.75% for 20 years is approximately ₹26,571/month. Total amount paid over 20 years is approximately ₹63.77 lakhs, of which ₹33.77 lakhs is interest.
What home loan EMI can I afford on my salary?
Most banks allow EMI up to 40–50% of your net monthly income. For a ₹50,000/month net salary, your maximum EMI capacity is ₹20,000–₹25,000. This supports a home loan of approximately ₹22–28 lakhs at 8.75% for 20 years.
How does prepayment reduce home loan interest?
Even one extra EMI per year significantly reduces total interest and tenure. On a ₹30 lakh loan at 8.75% for 20 years, one extra EMI/year saves approximately ₹4–5 lakhs in interest and reduces tenure by 2–3 years.
Calculate with Your Own Numbers
Use our interactive EMI calculator to model any loan amount, interest rate, and tenure — with a full amortization schedule.
Open Interactive EMI Calculator →