What is the EMI for a ₹1 crore home loan for 15 years?
The EMI on a ₹1 crore home loan for 15 years is about ₹98,474 a month at 8.5% interest, ₹95,565 at 8% and ₹1,01,427 at 9%. At 8.5% you pay about ₹77,25,312 in interest and ₹1,77,25,312 in total over 180 months. FixDoks's calculator on this page shows the full schedule and lets you change the rate.
1 Crore Home Loan EMI, 15 Years at a glance
| Loan | ₹1,00,00,000 for 15 years (180 EMIs) |
|---|---|
| EMI at 8% / 8.5% / 9% | ₹95,565 / ₹98,474 / ₹1,01,427 |
| Total interest at 8.5% | ₹77,25,312 |
| Processing | In your browser; your files are not uploaded |
| Price | Free |
| Works on | Chrome, Edge, Safari and Firefox on Windows, Mac, Android and iPhone |
How to use ₹1 Crore Home Loan EMI for 15 Years
- The calculator is already set to ₹1 crore for 15 years at 8.5%.
- Change the interest rate to the rate in your offer letter. The EMI and schedule update as you type.
- Add an extra monthly payment to see how much sooner the loan closes and how much interest you save.
- Open the amortisation schedule for every year or month, or download it as CSV.
Your share under the 75% limit
RBI permits lenders to finance up to 75% of property value on loans above ₹75 lakh. A ₹1 crore loan pairs with a home worth about ₹1.33 crore, so you bring about ₹33,33,000 plus duty and registration.
Income for ₹98,474 a month
If half of take-home pay can go to the EMI, you need about ₹1,96,900 a month. At a 40% share, about ₹2,46,200. Fifteen years makes sense mainly for borrowers with strong, steady incomes.
Year 1 deduction and unclaimed interest
You pay ₹8,36,768 of interest and ₹3,44,919 of principal in year 1. The interest is ₹6,36,768 above the ₹2 lakh Section 24(b) cap, so only ₹2 lakh can be claimed on a self-occupied home, in the old regime only. Section 80C can take the principal up to ₹1.5 lakh.
A ₹5,00,000 lump sum
Adding ₹5,00,000 at the end of year 3 at 8.5% saves about ₹8,21,776 of interest and cuts about 13 months. Floating-rate home loans to individuals cannot carry prepayment charges under RBI rules.
Cost of a higher rate
At 9% the EMI is ₹1,01,427, up ₹2,953, and the extra over 180 months is about ₹5,31,540.
Who can start a 15-year ₹1 crore loan
A 15-year loan starts by 45 under a lender limit of 60, and by 55 under a limit of 70.
Choosing the right buffer
An EMI of ₹98,474 leaves little slack if income dips. Compare it with the 20-year plan in the calculator above, and keep six EMIs saved before you sign the agreement.
Other loans count too
Lenders add every running EMI and card due to the proposed instalment. Closing a small loan before applying can raise the amount approved, and a clean record on earlier loans can help the rate you are offered.
Weighing 15 years against 20
Going from 20 years to 15 raises the monthly outgo, which is the real test: ask whether you would still meet it after a pay freeze. If the answer is uncertain, take the longer tenure and shorten it yourself later with part-payments.
Sources: RBI circular on housing loan LTV ratios · RBI directions on pre-payment charges on loans · Income Tax Department FAQs on old and new tax regimes, checked October 2026.
₹1 crore home loan EMI for 15 years at 8%, 8.5% and 9%
₹1,00,00,000 over 180 monthly instalments, reducing-balance method, EMIs rounded to the rupee.
| Interest rate | Monthly EMI | Total interest | Total payment | Interest as % of loan |
|---|---|---|---|---|
| 8% | ₹95,565 | ₹72,01,738 | ₹1,72,01,738 | 72% |
| 8.5% | ₹98,474 | ₹77,25,312 | ₹1,77,25,312 | 77% |
| 9% | ₹1,01,427 | ₹82,56,799 | ₹1,82,56,799 | 83% |
Going from 8% to 9% adds ₹10,55,061 of interest over 15 years on this loan.
Where your EMIs go: amortisation summary at 8.5%
In year 1 you pay ₹8,36,768 of interest and only ₹3,44,919 of principal. The balance falls below half of the loan only in year 10, because early EMIs are mostly interest. The live calculator above shows every month and year in full.
| After | Principal repaid so far | Interest paid so far | Balance still owed |
|---|---|---|---|
| Year 1 | ₹3,44,919 | ₹8,36,768 | ₹96,55,081 |
| Year 5 | ₹20,57,635 | ₹38,50,802 | ₹79,42,365 |
| Year 10 | ₹52,00,263 | ₹66,16,612 | ₹47,99,737 |
| Year 15 (end) | ₹1,00,00,000 | ₹77,25,312 | ₹0 |
Shorter or longer tenure?
- Over 10 years the EMI at 8.5% rises by ₹25,512 to ₹1,23,986, but total interest falls by ₹28,47,029 to ₹48,78,283.
- Over 20 years the EMI at 8.5% falls by ₹11,692 to ₹86,782, but total interest rises by ₹31,02,446 to ₹1,08,27,758.
Other ₹1 crore home loan tenures
₹1 crore for 10 years · ₹1 crore for 20 years · ₹1 crore for 25 years · ₹1 crore for 30 years
Other loan amounts for 15 years
₹10 lakh for 15 years · ₹20 lakh for 15 years · ₹25 lakh for 15 years · ₹30 lakh for 15 years · ₹40 lakh for 15 years · ₹50 lakh for 15 years · ₹75 lakh for 15 years
For any other amount, rate or tenure, use the EMI calculator.
Results are estimates for planning. Your employer, bank, fund or the tax department may round differently or apply other rules, so check the final figure with them.