EMI Calculator

20 lakh home loan EMI calculator

By Anchal Katyal · Written on Jun 5, 2026 · Verified on Sep 20, 2026

EMI on ₹20 lakh at 7.75% for 20 years is about ₹ 16,419 a month, with ₹19.4 lakh in total interest. Change the rate, tenure or amount below, or add a prepayment to compare.

What you'll learn:

  • EMI across common rates and tenures
  • What to plan for at ₹20 lakh
  • Total repayment in a worked example
Home Loan
Home Loan
Currency
Principal you borrow: the starting balance before interest accrues.Learn more
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Annual rate charged on the outstanding balance. EMI uses rate ÷ 12 each month.Learn more
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Repayment period in months. Longer tenure lowers EMI but usually raises total interest.Learn more
mo
One-time charge as a % of the amount, usually paid upfront or cut from the payout. It does not change the EMI but adds to what you pay in total.Learn more
%
Extra payments toward principal (lump-sum or monthly). Reduce tenure usually saves more interest. Reduce EMI if you need cash-flow relief.Learn more
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₹
Shows what share of your monthly take-home pay goes to EMIs (FOIR). Banks usually cap all EMIs at 40% to 50% of net income.Learn more
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₹
Monthly EMI-
Principal-
Total interest-
Total payment-
Interest share-
EMIs use - of take-home
Payment breakup
  • Principal
  • Interest

Amortization schedule
Starting from

Yearly principal vs interest

  • Principal
  • Interest
#DateEMIPrincipalInterestBalance

Lowest home loan rates from Indian lenders

Your EMI at each lender for ₹ 20 Lakhs over 20 yrs, at the low and high ends of its public rate band. The low end goes to the strongest profiles; your sanction letter sets your rate.

LenderRate bandEMI fromEMI up toLender's page
LIC Housing Finance7.15% to 10.15%₹ 15,687₹ 19,500Get offer: LIC Housing Finance (opens in a new tab)
Canara Bank7.15% to 10%₹ 15,687₹ 19,300Get offer: Canara Bank (opens in a new tab)
SBI7.25% to 8.55%₹ 15,808₹ 17,420Get offer: SBI (opens in a new tab)
Bajaj Finserv7.25% to 10.25%₹ 15,808₹ 19,633Get offer: Bajaj Finserv (opens in a new tab)
PNB7.45% to 8.05%₹ 16,051₹ 16,791Get offer: PNB (opens in a new tab)
Bank of Baroda7.45% to 9.2%₹ 16,051₹ 18,253Get offer: Bank of Baroda (opens in a new tab)
ICICI7.55% to 10.05%₹ 16,173₹ 19,367Get offer: ICICI (opens in a new tab)
Kotak7.6% onwards₹ 16,234–Get offer: Kotak (opens in a new tab)
Axis8% to 9.1%₹ 16,729₹ 18,123Get offer: Axis (opens in a new tab)
HDFC8% to 13.45%₹ 16,729₹ 24,076Get offer: HDFC (opens in a new tab)

Ordered by lowest advertised rate. Bands checked against each lender's public rate card between 10 Oct 2026 and 11 Oct 2026; they are not live quotes. We are not a lender and do not collect your details: "Get offer" opens the lender's own site. Fees, repo-hike status and public vs private averages are on the home loan interest rates page.

Planning a ₹20 lakh home loan EMI

₹20 lakh home loan EMI is about ₹ 16,419 at 7.75% for 20 years, with total interest roughly ₹19.4 lakh if you never prepay and the rate does not change. A ₹20 lakh home loan often funds a compact flat, a plot with construction, or a sizeable top-up.

Before you sign, try 1% higher in the calculator: at 8.75% the EMI becomes ₹17,674, about ₹1,255 more a month. Stamp duty, registration and the processing fee are paid on top of the EMI, so budget for them separately.

EMI at common rates for ₹ 20,00,000

Monthly reducing-balance EMI if the rate stays constant. Highlighted cells are nearest to 7.75% for 20 years.

Rate10 yr15 yr20 yr25 yr30 yr
7%₹ 23,222₹ 17,977₹ 15,506₹ 14,136₹ 13,306
7.5%₹ 23,740₹ 18,540₹ 16,112₹ 14,780₹ 13,984
8%₹ 24,266₹ 19,113₹ 16,729₹ 15,436₹ 14,675
8.5%₹ 24,797₹ 19,695₹ 17,356₹ 16,105₹ 15,378
9%₹ 25,335₹ 20,285₹ 17,995₹ 16,784₹ 16,092

Figures exclude processing fees, insurance, and floating-rate resets. Use the calculator above for your exact quote, then stress rate +1%. See also the home loan EMI calculator, prepayment, and eligibility tools.

Key takeaways

  • Taking 15 years instead of 20 raises the EMI to ₹18,826 but cuts total interest by about ₹5.5 lakh.
  • Paying ₹1 lakh extra after the first year, with the EMI unchanged, saves about ₹3 lakh in interest and ends the loan 2 years early.
  • If the rate rises 1% and the bank keeps your EMI the same, the loan runs about 5 years 2 months longer and costs about ₹10.1 lakh more in interest.
  • Stretching to 25 years lowers the EMI to ₹15,107 but adds about ₹5.9 lakh in interest.

Worked example: ₹ 20,00,000 at 7.75% for 20 years

₹ 20,00,000 home loan EMI ≈ ₹ 16,419. Over 240 months you would pay about ₹ 39,40,553 in total, of which roughly ₹ 19,40,553 is interest if you make no prepayments and the rate stays constant. Raise the rate by 1%, or add a lump sum under Prepayments, to see how much the total interest changes.

Formula: Same reducing-balance EMI formula banks use: E = P × r × (1+r)^n ÷ ((1+r)^n - 1), with r as monthly rate and n as months. Property taxes and insurance are not included in EMI unless you add them separately.

Figures are estimates for education and planning and may differ from your lender’s schedule due to fees, floating rates, or product rules.

Last updated on Jul 12, 2026.