What is the EMI for a ₹10 lakh home loan for 10 years?
The EMI on a ₹10 lakh home loan for 10 years is about ₹12,399 a month at 8.5% interest, ₹12,133 at 8% and ₹12,668 at 9%. At 8.5% you pay about ₹4,87,828 in interest and ₹14,87,828 in total over 120 months. FixDoks's calculator on this page shows the full schedule and lets you change the rate.
10 Lakh Home Loan EMI, 10 Years at a glance
| Loan | ₹10,00,000 for 10 years (120 EMIs) |
|---|---|
| EMI at 8% / 8.5% / 9% | ₹12,133 / ₹12,399 / ₹12,668 |
| Total interest at 8.5% | ₹4,87,828 |
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How to use ₹10 Lakh Home Loan EMI for 10 Years
- The calculator is already set to ₹10 lakh for 10 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.
Down payment and loan limit for a 10-year ₹10 lakh loan
RBI limits the loan to 90% of the property value for home loans up to ₹30 lakh, so the rest comes from your own pocket. For a ₹10 lakh loan that means a property worth at least about ₹11,11,000 and about ₹1,11,000 of your own money. Stamp duty and registration are paid separately and are not part of that share.
Take-home pay that supports an EMI of ₹12,399
Lenders cap total EMIs at a share of monthly take-home pay, and the share differs by lender and by profile. If your EMI may take half of your take-home pay, you need about ₹24,800 a month. If the lender prefers the EMI near 40%, you need about ₹31,000. Car loans and card EMIs count against the same limit, so list them before you apply.
Year 1 interest and the Section 24(b) cap
In the first year you pay ₹82,456 as interest and ₹66,327 as principal. The interest is below the ₹2 lakh yearly cap of Section 24(b), so all of it can be claimed on a self-occupied home. Principal repaid counts under Section 80C, shared with your other items within the ₹1.5 lakh limit. Both deductions exist only in the old tax regime.
What a ₹50,000 part-payment does
Suppose you pay an extra ₹50,000 once, at the end of year 3, at 8.5%. That saves about ₹38,508 of interest and closes the loan about 7 months early. RBI does not allow prepayment charges on floating-rate home loans to individuals, though you should confirm in your sanction letter that your rate is floating.
If the rate rises by half a point
At 9% instead of 8.5% the EMI goes from ₹12,399 to ₹12,668, which is ₹269 more every month and about ₹32,280 more across the 120 instalments.
Is this loan inside the PMAY range?
Yes, ₹10 lakh falls within the loan ceiling of ₹25 lakh under PMAY-Urban 2.0. The scheme also needs a home worth up to ₹35 lakh and household income up to ₹9 lakh, and it gives 4% interest subsidy on the first ₹8 lakh, up to ₹1.8 lakh in all. Check eligibility on the official portal before relying on it.
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 · Government of India note on PMAY-Urban 2.0, checked October 2026.
₹10 lakh home loan EMI for 10 years at 8%, 8.5% and 9%
₹10,00,000 over 120 monthly instalments, reducing-balance method, EMIs rounded to the rupee.
| Interest rate | Monthly EMI | Total interest | Total payment | Interest as % of loan |
|---|---|---|---|---|
| 8% | ₹12,133 | ₹4,55,931 | ₹14,55,931 | 46% |
| 8.5% | ₹12,399 | ₹4,87,828 | ₹14,87,828 | 49% |
| 9% | ₹12,668 | ₹5,20,109 | ₹15,20,109 | 52% |
Going from 8% to 9% adds ₹64,178 of interest over 10 years on this loan.
Where your EMIs go: amortisation summary at 8.5%
In year 1 you pay ₹82,456 of interest and only ₹66,327 of principal. The balance falls below half of the loan only in year 7, 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 | ₹66,327 | ₹82,456 | ₹9,33,673 |
| Year 5 | ₹3,95,679 | ₹3,48,235 | ₹6,04,321 |
| Year 10 (end) | ₹10,00,000 | ₹4,87,828 | ₹0 |
Shorter or longer tenure?
- Over 15 years the EMI at 8.5% falls by ₹2,551 to ₹9,847, but total interest rises by ₹2,84,703 to ₹7,72,531.
Other ₹10 lakh home loan tenures
₹10 lakh for 15 years · ₹10 lakh for 20 years · ₹10 lakh for 25 years · ₹10 lakh for 30 years
Other loan amounts for 10 years
₹20 lakh for 10 years · ₹25 lakh for 10 years · ₹30 lakh for 10 years · ₹40 lakh for 10 years · ₹50 lakh for 10 years · ₹75 lakh for 10 years · ₹1 crore for 10 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.