Home loans
EMI on a ₹1 crore home loan
What a ₹1 crore home loan costs each month, what it costs over its whole life, and what you need in hand before a bank will lend it. Every figure here is calculated rather than estimated, and you can change the inputs below.
The short answer
At 8.5% a year over 20 years, the EMI on a ₹1 crore home loan is ₹86,782 a month. Over the 20 years you repay about ₹2.08 crore: the ₹1 crore you borrowed and about ₹1.08 crore of interest.
The rate and the tenure move that number more than anything else. This is the EMI on ₹1 crore for each combination:
| Interest rate | 15 years | 20 years | 25 years | 30 years |
|---|---|---|---|---|
| 7.5% | ₹92,701 | ₹80,559 | ₹73,899 | ₹69,921 |
| 8% | ₹95,565 | ₹83,644 | ₹77,182 | ₹73,376 |
| 8.5% | ₹98,474 | ₹86,782 | ₹80,523 | ₹76,891 |
| 9% | ₹1,01,427 | ₹89,973 | ₹83,920 | ₹80,462 |
| 9.5% | ₹1,04,422 | ₹93,213 | ₹87,370 | ₹84,085 |
Monthly EMI on a ₹1,00,00,000 loan, standard reducing-balance method with monthly rests, rounded to the rupee. Your lender’s figure can differ by a few rupees depending on how it rounds and when the first EMI falls.
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What the rate will actually be
In October 2026 the Reserve Bank of India raised the repo rate by a quarter of a percentage point, to 5.50%, its first increase since February 2023. Floating-rate home loans from banks are linked to an external benchmark, usually that repo rate, so existing borrowers will feel the rise at their next reset date and new borrowers in the rates they are quoted.
As listed by rate-comparison sites in October 2026, SBI’s published home-loan rates ran from 7.25% to 8.45%; other lenders publish their own bands. The rate you are actually offered depends on your credit score, the size of the loan and the lender, so read it off your sanction letter, not an advertisement. The table above runs from 7.5% to 9.5% to cover most of what you are likely to be quoted.
Over 20 years, rate by rate
The last column is the EMI for every ₹1 lakh you borrow, which makes quick sums easy: a ₹65 lakh loan at 8.5% over 20 years is about 65 × ₹868, or roughly ₹56,400 a month.
| Interest rate | EMI on ₹1 crore | Total interest | EMI per ₹1 lakh |
|---|---|---|---|
| 7.5% | ₹80,559 | ₹93,34,237 | ₹806 |
| 8% | ₹83,644 | ₹1,00,74,562 | ₹836 |
| 8.5% | ₹86,782 | ₹1,08,27,758 | ₹868 |
| 9% | ₹89,973 | ₹1,15,93,423 | ₹900 |
| 9.5% | ₹93,213 | ₹1,23,71,149 | ₹932 |
Other loan sizes, at 8.5% over 20 years
| Loan | Monthly EMI | Total interest |
|---|---|---|
| ₹50 lakh | ₹43,391 | ₹54,13,879 |
| ₹75 lakh | ₹65,087 | ₹81,20,818 |
| ₹1 crore | ₹86,782 | ₹1,08,27,758 |
| ₹1.5 crore | ₹1,30,173 | ₹1,62,41,636 |
What a rate rise does to a ₹1 crore loan
A rise of a quarter point, from 8.5% to 8.75%, adds ₹1,589 a month to a 20-year ₹1 crore loan. Half a point adds ₹3,190.
Lenders often keep the EMI where it is and stretch the tenure instead, which is easy to miss. At the same ₹86,782 a month, a move to 8.75% takes the loan from 20 years to about 21; a move to 9% takes it to about 22 years and 3 months. Since 2023 the RBI has required lenders to tell you at a reset, to let you choose between a higher EMI, a longer tenure or a mix of the two, and to offer you a switch to a fixed rate. Make that choice yourself rather than letting the default make it for you.
20 years or 30?
Stretching the same ₹1 crore loan from 20 years to 30 at 8.5% cuts the EMI by ₹9,891, from ₹86,782 to ₹76,891, and adds about ₹68.5 lakh of interest over the life of the loan.
The lower EMI can be what gets a loan approved, and that is a perfectly good reason to take it. Just take it knowing the price, and plan to pay it down faster when you can.
Paying it off sooner
The RBI does not allow lenders to charge an individual a penalty for prepaying a floating-rate home loan. Fixed-rate loans can carry a charge, so read the sanction letter if yours is fixed.
On a 20-year ₹1 crore loan at 8.5%, paying one extra EMI a year, every year, clears the loan in about 16 years and 9 months and saves about ₹20.6 lakh of interest. Most of the saving comes from the early years, when nearly all of each EMI is interest.
What you need in hand
No bank lends the whole price. RBI rules cap a home loan above ₹75 lakh at 75% of the property’s value (80% for loans from ₹30 lakh to ₹75 lakh, 90% below that). So a ₹1 crore loan needs a home your lender values at about ₹1.33 crore or more, with at least a quarter of it coming from you.
Stamp duty and registration come on top, and lenders leave them out when they work out how much they will lend. In Pune that is roughly 7% plus ₹30,000, as our guide to what a flat really costs sets out.
| Home, as the lender values it | ₹1,33,33,333 |
|---|---|
| Loan, at 75% | ₹1,00,00,000 |
| Your share of the price | ₹33,33,333 |
| Stamp duty, about 7% | ₹9,33,333 |
| Registration | ₹30,000 |
| In hand, before GST and other charges | ₹42,96,667 |
An illustration of the RBI’s loan-to-value cap, not a quote. A lender can lend less than the cap, and it values the home itself, which can come in below the agreement price. On an under-construction home, GST at 5% is part of what you pay as well. Stamp duty and registration as at September 2026; re-check them on the state’s IGR portal before you rely on them.
What income a lender wants to see
Lenders look at what share of your take-home pay goes on EMIs, all of them together and not just this one. Each sets its own ceiling. If yours allows half, a ₹86,782 EMI points to a take-home pay of about ₹1.74 lakh a month, with no other loans running. Ask your bank for its own figure before you shortlist homes, not after.
This page is arithmetic, not financial advice. The figures that bind you are the ones on your lender’s sanction letter and loan agreement.
Questions
What buyers ask about a ₹1 crore loan.
Buying with a loan?
Ask us for the cost sheet of the exact flat, with stamp duty, registration, GST and every other charge itemised, so you and your bank are working from the same number.