₹15 Lakh Home Loan EMI
₹15 Lakh home loan EMI by tenure (at 8.5%)
| Tenure | Monthly EMI | Total interest |
|---|---|---|
| 10 years | ₹18,598 | ₹7.32 L |
| 15 years | ₹14,771 | ₹11.59 L |
| 20 years | ₹13,017 | ₹16.24 L |
| 25 years | ₹12,078 | ₹21.24 L |
| 30 years | ₹11,534 | ₹26.52 L |
A longer tenure lowers the monthly EMI but sharply increases the total interest you pay the bank. A ₹15 Lakh loan at 8.5% costs about ₹13,017/month over 20 years; shortening the tenure raises the EMI but can save several lakh in interest. Use the calculator above to find your balance, add the processing fee and 18% GST to see the true cost, and check how much prepaying saves.
What is the EMI for a ₹15 Lakh home loan?
At 8.5% interest for 20 years, the EMI on a ₹15 Lakh home loan is about ₹13,017 per month. Over the full tenure you repay roughly ₹31.24 L, of which ₹16.24 L is interest. Use the calculator above to change the rate or tenure.
How much salary do I need for a ₹15 Lakh home loan?
Lenders keep EMIs within about 40% of income, so for an EMI of ₹13,017 you'd typically need a monthly take-home of around ₹32,543 (less if you have no other EMIs). Check the exact figure on our salary-based eligibility pages.
How can I reduce the EMI on a ₹15 Lakh home loan?
Choose a longer tenure (lower EMI but more total interest), negotiate a lower rate, or make a larger down payment to borrow less. Prepaying early also cuts total interest sharply — see the prepayment savings in the calculator above.