What is the EMI on a ₹1 Crore home loan for 20 years?

At the lowest listed starting rate of 8.25% (SBI) in this snapshot, the EMI is ₹85,207. At the illustrative 7.15% comparison rate, the EMI is ₹78,433. Your actual EMI depends on your CIBIL, income profile, and chosen lender.

How much total interest will I pay?

At 8.25%, total interest is ₹1,04,49,680. At the illustrative 7.15% comparison rate, total interest is ₹88,23,920 — an estimated difference of ₹16,25,760 under the same assumptions.

Can I reduce the EMI further?

Three levers can change the result: (1) Increase tenure by 5 years — this can lower EMI but raise total interest; (2) Compare a lower illustrative rate with the lender's current quote; (3) Add a co-applicant only if the lender's eligibility rules and your repayment plan support it.

How should I interpret the 7.15% comparison rate?

The 7.15% figure is an illustrative scenario for comparing EMI math, not a lender offer or a guaranteed outcome. Actual pricing depends on the lender's current policy, CIBIL, income, FOIR, property, loan amount, documentation, and other eligibility factors.

What if I pre-pay part of the loan?

Under RBI rules, floating-rate home loans carry no pre-payment penalty. A ₹5–10 lakh pre-payment in year 3–5 can cut 3–5 years off the tenure. Balance-transfer and top-up loans may carry a small pre-payment charge (2–4%) — check the KFS.

₹1 Crore Home Loan EMI for 20 Years

Reviewed by Jay Patel· Last reviewed: 25 Apr 2026

EMI, total interest paid, and how an illustrative 7.15% comparison scenario differs from each lender's listed starting rate for a 20-year loan.

Money Matrix Hub insight

On a ₹1 Crore home loan for 20 years, the lowest listed starting rate in this dataset (SBI at 8.25%) produces ₹1,04,49,680 in total interest. At the illustrative 7.15% comparison rate, the same loan produces ₹88,23,920 in interest — an estimated difference of ₹16,25,760 under these assumptions.

Source:/data/bank-rates.ts
Source:/lib/pseo/emi-combos.ts

Loan amount

₹1 Crore

Tenure

20 years

Illustrative EMI scenario (7.15%)

₹78,433

Bank-wise EMI (published floor rates)

Bank	Rate	EMI	Total interest	Total payable
SBI	8.25%	₹85,207	₹1,04,49,680	₹2,04,49,680
BoB	8.25%	₹85,207	₹1,04,49,680	₹2,04,49,680
PNB	8.3%	₹85,521	₹1,05,25,040	₹2,05,25,040
Canara	8.3%	₹85,521	₹1,05,25,040	₹2,05,25,040
Union	8.3%	₹85,521	₹1,05,25,040	₹2,05,25,040
LIC	8.3%	₹85,521	₹1,05,25,040	₹2,05,25,040
HDFC	8.35%	₹85,835	₹1,06,00,400	₹2,06,00,400
ICICI	8.35%	₹85,835	₹1,06,00,400	₹2,06,00,400
Bajaj	8.35%	₹85,835	₹1,06,00,400	₹2,06,00,400
Axis	8.4%	₹86,150	₹1,06,76,000	₹2,06,76,000
Federal	8.4%	₹86,150	₹1,06,76,000	₹2,06,76,000
Kotak	8.45%	₹86,466	₹1,07,51,840	₹2,07,51,840
Tata	8.45%	₹86,466	₹1,07,51,840	₹2,07,51,840
IDFC	8.5%	₹86,782	₹1,08,27,680	₹2,08,27,680
Bandhan	8.5%	₹86,782	₹1,08,27,680	₹2,08,27,680

Rates reflect bank-published starting floors; actual rate depends on borrower profile, LTV, and property APF status.

How the 7.15% illustrative scenario changes the math

On this exact loan (₹1 Crore, 20 years), dropping from the cheapest published starting rate (SBI at 8.25%) to the illustrative 7.15% scenario produces an estimated interest difference of ₹16,25,760 in total interest paid — the equivalent of 9% of your total outgo.

Section 80C + 24(b) tax benefit

On a 20-year home loan, you can claim up to ₹1.5 lakh of principal under Section 80C and up to ₹2 lakh of interest under Section 24(b) each financial year (subject to your tax regime). In the 30% slab, this is roughly ₹1.05 lakh of annual tax saving — worth factoring into your cost math alongside the raw EMI.

FAQ

What is the EMI on a ₹1 Crore home loan for 20 years?: At the lowest listed starting rate of 8.25% (SBI) in this snapshot, the EMI is ₹85,207. At the illustrative 7.15% comparison rate, the EMI is ₹78,433. Your actual EMI depends on your CIBIL, income profile, and chosen lender.
How much total interest will I pay?: At 8.25%, total interest is ₹1,04,49,680. At the illustrative 7.15% comparison rate, total interest is ₹88,23,920 — an estimated difference of ₹16,25,760 under the same assumptions.
Can I reduce the EMI further?: Three levers can change the result: (1) Increase tenure by 5 years — this can lower EMI but raise total interest; (2) Compare a lower illustrative rate with the lender's current quote; (3) Add a co-applicant only if the lender's eligibility rules and your repayment plan support it.
How should I interpret the 7.15% comparison rate?: The 7.15% figure is an illustrative scenario for comparing EMI math, not a lender offer or a guaranteed outcome. Actual pricing depends on the lender's current policy, CIBIL, income, FOIR, property, loan amount, documentation, and other eligibility factors.
What if I pre-pay part of the loan?: Under RBI rules, floating-rate home loans carry no pre-payment penalty. A ₹5–10 lakh pre-payment in year 3–5 can cut 3–5 years off the tenure. Balance-transfer and top-up loans may carry a small pre-payment charge (2–4%) — check the KFS.

Jay Patel

Co-Founder & Chief Loan Advisor

Review the 7.15% comparison scenario for your file

WhatsApp Jay with your CIBIL band, income, and property location to discuss current lender terms and the assumptions behind this comparison.

EMI calculations assume a flat rate for the full tenure. In practice, floating rates change with the RBI repo. Listed rates are a dated comparison snapshot; actual lender pricing, eligibility, fees, and terms must be confirmed before applying.