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EMI on a ₹1.5 Crore Home Loan: Monthly Payment by Rate
A ₹1.5 Crore Home Loan at 9% for 20 years costs about ₹1,34,959 a month. See the full table of rates and tenures.
₹1.5 Crore
Rates shown are examples. Check your bank's current rate.
Monthly EMI
₹1,30,173
- Principal: ₹1,50,00,000
- Total interest: ₹1,62,41,636
- Total payment: ₹3,12,41,636
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EMI on a ₹1.5 Crore Home Loan by rate and tenure
On a ₹1.5 Crore Home Loan at 9% for 20 years, the EMI is about ₹1,34,959 a month and the total interest ₹1,73,90,134. Over 15 years the EMI rises to ₹1,52,140, but you save ₹50,04,937 in interest.
| Rate | 10 yrs | 15 yrs | 20 yrs | 25 yrs | 30 yrs |
|---|---|---|---|---|---|
| 8% | ₹1,81,991 | ₹1,43,348 | ₹1,25,466 | ₹1,15,772 | ₹1,10,065 |
| 8.5% | ₹1,85,979 | ₹1,47,711 | ₹1,30,173 | ₹1,20,784 | ₹1,15,337 |
| 9% | ₹1,90,014 | ₹1,52,140 | ₹1,34,959 | ₹1,25,879 | ₹1,20,693 |
| 9.5% | ₹1,94,096 | ₹1,56,634 | ₹1,39,820 | ₹1,31,054 | ₹1,26,128 |
| 10% | ₹1,98,226 | ₹1,61,191 | ₹1,44,753 | ₹1,36,305 | ₹1,31,636 |
Monthly EMI on the reducing balance. Processing fees and insurance are not included.
Questions people ask
How is EMI calculated?+
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the number of months.
How can I reduce my EMI or total interest?+
A longer tenure lowers EMI but increases total interest. A lower rate, bigger down payment or part-prepayments reduce total interest the most.
Is this EMI calculator accurate?+
It uses the standard reducing-balance formula used by Indian banks. Your bank's final EMI may differ slightly due to fees, rounding or the date of disbursement.