Loans, investing & tax
₹20 Lakh Home Loan EMI for 20 Years (8% to 10%)
Updated 25 September 2026 · 3 min read
A ₹20 lakh home loan for 20 years at 8.5% has an EMI of ₹17,356. You repay about ₹41.66 lakh in total, of which ₹21,65,552 is interest.
EMI and total interest by rate
| Interest rate | Monthly EMI | Total interest (20 years) |
|---|---|---|
| 8.0% | ₹16,729 | ₹20,14,912 |
| 8.5% | ₹17,356 | ₹21,65,552 |
| 9.0% | ₹17,995 | ₹23,18,685 |
| 9.5% | ₹18,643 | ₹24,74,230 |
| 10.0% | ₹19,300 | ₹26,32,104 |
20 years or 15 years?
Over 15 years at 8.5%, the EMI rises to ₹19,695 — about ₹2,340 more a month — but total interest drops to ₹15,45,062. That's a saving of about ₹6.2 lakh, and you're debt-free five years earlier.
A middle path: take 20 years for a comfortable EMI, and prepay whenever you get a bonus. The EMI calculator shows exactly how much interest and time each prepayment saves.
Borrowing more? See the full tables for a ₹50 lakh home loan.
Frequently asked questions
What is the EMI for ₹20 lakh for 20 years?
₹17,356 a month at 8.5%. At 8% it's ₹16,729 and at 9% it's ₹17,995.
How much interest will I pay on a ₹20 lakh loan over 20 years?
About ₹21.66 lakh at 8.5% — slightly more than the loan amount — for a total repayment of about ₹41.66 lakh.