₹15 Lakh Home Loan EMI Calculator
Estimate the EMI and total borrowing cost for a ₹15 lakh home loan, then adjust the rate or tenure to compare alternatives.
Monthly EMI ₹0
Principal amount ₹0
Total interest ₹0
Total amount ₹0
EMI amortisation chart
See how each year’s payments are split between principal and interest, and how the balance falls over time.
View yearly repayment schedule
| Year | Principal paid | Interest paid | Balance remaining |
|---|
Illustrative schedule assuming the interest rate and EMI remain unchanged. Lender schedules may differ because of rounding, payment dates, fees or rate resets.
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₹15 Lakh home loan repayment estimate
| Loan amount | ₹15,00,000 (₹15 Lakh) |
|---|---|
| Interest rate | 8.5% per year |
| Loan tenure | 20 years (240 months) |
| Estimated monthly EMI | ₹13,017 |
| Estimated total interest | ₹16,24,164 |
| Estimated total repayment | ₹31,24,164 |
What this estimate means
At the assumptions shown, the estimated EMI is ₹13,017 for 240 monthly payments. The estimated interest over the full tenure is ₹16,24,164, bringing total repayment to approximately ₹31,24,164.
The calculator uses the standard reducing-balance EMI formula. You can change the amount, annual rate or tenure above to compare alternatives immediately. A shorter tenure normally raises the monthly EMI but reduces total interest; a longer tenure generally does the opposite.
Compare interest rates
These examples keep the loan amount and 20-year tenure unchanged.
| Rate | Monthly EMI | Total interest | Total repayment |
|---|---|---|---|
| 7.5% | ₹12,084 | ₹14,00,135 | ₹29,00,135 |
| 8.5% | ₹13,017 | ₹16,24,164 | ₹31,24,164 |
| 9.5% | ₹13,982 | ₹18,55,672 | ₹33,55,672 |
Compare repayment tenures
These examples keep the loan amount and 8.5% annual rate unchanged.
| Tenure | Monthly EMI | Total interest | Total repayment |
|---|---|---|---|
| 15 years | ₹14,771 | ₹11,58,797 | ₹26,58,797 |
| 20 years | ₹13,017 | ₹16,24,164 | ₹31,24,164 |
| 25 years | ₹12,078 | ₹21,23,522 | ₹36,23,522 |
Reducing the assumed rate from 8.5% to 7.5% would lower the EMI by about ₹933 a month and save approximately ₹2,24,029 in interest. Choosing 15 years instead would increase the monthly EMI by about ₹1,754, while reducing estimated interest by around ₹4,65,367.
Home Loan EMIs for different budgets
Choose another loan amount to compare its monthly EMI, total interest and repayment options.
Use the main home loan EMI calculator with a custom amount →