₹1.5 crore home loan EMI calculator
The monthly EMI on a ₹1.5 crore home loan at every common interest rate and tenure, what it costs in total, and the salary you need to qualify. Change any number below to match your offer.
The short answer
The EMI on a ₹1.5 crore home loan at 8.5% for 20 years is ₹1,30,173 per month. Over the full term you pay ₹3,12,41,636: ₹1,50,00,000 principal plus ₹1,62,41,636 interest.
Monthly EMI
₹1,30,173
Total interest
₹1,62,41,636
Total payable
₹3,12,41,636
EMI = P·r·(1+r)ⁿ / ((1+r)ⁿ−1). Estimates only - confirm exact figures with your lender.
₹1.5 crore home loan EMI by rate and tenure
Monthly EMI. Rates are a typical range, not a quote from any bank.
| Tenure | 8% | 8.5% | 9% | 9.5% | 10% |
|---|---|---|---|---|---|
| 10 yrs | ₹1,81,991 | ₹1,85,979 | ₹1,90,014 | ₹1,94,096 | ₹1,98,226 |
| 15 yrs | ₹1,43,348 | ₹1,47,711 | ₹1,52,140 | ₹1,56,634 | ₹1,61,191 |
| 20 yrs | ₹1,25,466 | ₹1,30,173 | ₹1,34,959 | ₹1,39,820 | ₹1,44,753 |
| 25 yrs | ₹1,15,772 | ₹1,20,784 | ₹1,25,879 | ₹1,31,054 | ₹1,36,305 |
| 30 yrs | ₹1,10,065 | ₹1,15,337 | ₹1,20,693 | ₹1,26,128 | ₹1,31,636 |
How tenure changes the total cost
| Tenure | EMI | Total interest | Total payable |
|---|---|---|---|
| 10 yrs | ₹1,85,979 | ₹73,17,424 | ₹2,23,17,424 |
| 15 yrs | ₹1,47,711 | ₹1,15,87,968 | ₹2,65,87,968 |
| 20 yrs | ₹1,30,173 | ₹1,62,41,636 | ₹3,12,41,636 |
| 25 yrs | ₹1,20,784 | ₹2,12,35,219 | ₹3,62,35,219 |
| 30 yrs | ₹1,15,337 | ₹2,65,21,328 | ₹4,15,21,328 |
At 8.5%, choosing 10 years instead of 30 saves ₹1,92,03,904 in interest. A 0.5% lower rate saves about ₹4,707 a month on a 20-year term, so it is worth negotiating.
Salary needed for a ₹1.5 crore home loan
Lenders usually keep your total EMIs within 40-50% of net monthly income (called FOIR). For a ₹1,30,173 EMI you need a take-home salary of at least ₹2,60,347, and around ₹3,25,434 to stay comfortable. Existing EMIs reduce what you can borrow.
Year-by-year breakdown
₹1.5 crore home loan at 8.5% for 20 years.
| Year | Principal paid | Interest paid | Balance left |
|---|---|---|---|
| 1 | ₹2,98,534 | ₹12,63,547 | ₹1,47,01,466 |
| 2 | ₹3,24,922 | ₹12,37,160 | ₹1,43,76,544 |
| 3 | ₹3,53,642 | ₹12,08,440 | ₹1,40,22,901 |
| 4 | ₹3,84,901 | ₹11,77,181 | ₹1,36,38,000 |
| 5 | ₹4,18,923 | ₹11,43,159 | ₹1,32,19,077 |
| 6 | ₹4,55,952 | ₹11,06,130 | ₹1,27,63,126 |
| 7 | ₹4,96,254 | ₹10,65,828 | ₹1,22,66,872 |
| 8 | ₹5,40,118 | ₹10,21,964 | ₹1,17,26,754 |
| 9 | ₹5,87,860 | ₹9,74,222 | ₹1,11,38,894 |
| 10 | ₹6,39,821 | ₹9,22,261 | ₹1,04,99,073 |
| 11 | ₹6,96,375 | ₹8,65,706 | ₹98,02,698 |
| 12 | ₹7,57,929 | ₹8,04,153 | ₹90,44,769 |
| 13 | ₹8,24,923 | ₹7,37,159 | ₹82,19,847 |
| 14 | ₹8,97,838 | ₹6,64,244 | ₹73,22,009 |
| 15 | ₹9,77,199 | ₹5,84,883 | ₹63,44,810 |
| 16 | ₹10,63,574 | ₹4,98,507 | ₹52,81,235 |
| 17 | ₹11,57,585 | ₹4,04,497 | ₹41,23,650 |
| 18 | ₹12,59,905 | ₹3,02,177 | ₹28,63,746 |
| 19 | ₹13,71,269 | ₹1,90,813 | ₹14,92,477 |
| 20 | ₹14,92,477 | ₹69,605 | ₹0 |
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Frequently asked questions
What is the EMI for a ₹1.5 crore home loan for 20 years?+
At 8.5% p.a., the EMI on a ₹1.5 crore home loan for 20 years is ₹1,30,173 per month. You repay ₹3,12,41,636 in total, of which ₹1,62,41,636 is interest.
How much salary do I need for a ₹1.5 crore home loan?+
Most lenders keep your total EMIs within 40-50% of net monthly income. For a ₹1,30,173 EMI that means a take-home salary of at least ₹2,60,347, and ₹3,25,434 or more to be comfortable (assuming no other EMIs).
How much interest will I pay on a ₹1.5 crore home loan?+
At 8.5%, total interest is ₹73,17,424 over 10 years and ₹2,65,21,328 over 30 years. A shorter tenure raises the EMI but cuts the interest sharply.
How much does a 0.5% lower rate save on a ₹1.5 crore home loan?+
Dropping from 8.5% to 8% lowers the EMI by about ₹4,707 a month, or ₹11,29,794 over 20 years.
Other home loan amounts
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