Are you planning to apply for a Rs. 20 lakh home loan? Your monthly EMI will largely depend on the chosen repayment tenure. A shorter tenure means higher EMIs but lower overall interest, while a longer tenure results in smaller EMIs with higher total interest paid. Use a home loan EMI calculator to compare and decide what suits your budget best.
Rs. 20 lakh home loan EMI for different tenures
The EMI for a Rs. 20 lakh home loan varies based on the repayment tenure and prevailing interest rates. For instance, at an interest rate of 7.45%* p.a:
Loan amount |
Interest rate |
Tenure |
EMI |
Rs. 20 lakh |
7.45%* p.a |
30 years |
Rs. 13,779 |
Rs. 20 lakh |
7.45%* p.a |
25 years |
Rs. 14,585 |
Rs. 20 lakh |
7.45%* p.a |
20 years |
Rs. 15,929 |
Rs. 20 lakh |
7.45%* p.a |
15 years |
Rs. 18,370 |
Rs. 20 lakh |
7.45%* p.a |
10 years |
Rs. 23,584 |
Rs. 20 lakh |
7.45%* p.a |
5 years |
Rs. 39,933 |
Rs. 20 lakh home loan EMI for 30 years
With a 30-year tenure, you can significantly reduce the EMI on your Rs. 20 lakh home loan, easing your monthly financial burden. While this option provides more breathing room, the total interest paid may be higher over the loan period.
Loan amount |
Rs. 20,00,000 |
Rate of Interest |
7.45%* p.a |
Rs 20 lakh home loan EMI for 30 years |
Rs. 13,779 |
Total interest |
Rs. 29,60,599 |
Total amount payable |
Rs. 49,60,599 |
Rs. 20 lakh home loan EMI for 25 years
Opting for a 25-year tenure for your Rs. 20 lakh home loan allows you to enjoy lower monthly EMIs, making repayment manageable. This tenure is ideal for those looking for financial flexibility while balancing other expenses.
Loan amount |
Rs. 20,00,000 |
Rate of Interest |
7.45%* p.a |
Rs 20 lakh home loan EMI for 25 years |
Rs. 14,585 |
Total interest |
Rs. 23,75,572 |
Total amount payable |
Rs. 43,75,572 |
Rs. 20 lakh home loan EMI for 20 years
A 20-year tenure strikes a balance between affordable EMIs and manageable interest costs for a Rs. 20 lakh home loan. This option suits borrowers looking for moderate repayment terms without stretching the home loan too long.
Loan amount |
Rs. 20,00,000 |
Rate of Interest |
7.45%* p.a |
Rs 20 lakh home loan EMI for 20 years |
Rs. 15,929 |
Total interest |
Rs. 18,22,942 |
Total amount payable |
Rs. 38,22,942 |
Rs. 20 lakh home loan EMI for 15 years
Choosing a 15-year tenure for your Rs. 20 lakh home loan means slightly higher EMIs but a considerable reduction in total interest paid. This option is ideal for those aiming to repay the loan faster and save on interest.
Loan Amount |
Rs. 20,00,000 |
Rate of Interest |
7.45%* p.a |
Rs 20 lakh home loan EMI for 15 years |
Rs. 18,370 |
Total Interest |
Rs. 13,06,632 |
Total Amount Payable |
Rs.33,06,632 |
Rs. 20 lakh home loan EMI for 10 years
A 10-year tenure ensures you repay your Rs. 20 lakh home loan quickly, with significant savings on interest. While the monthly EMIs will be higher, this option is perfect for borrowers who want to clear their loan in less time.
Loan Amount |
Rs. 20,00,000 |
Rate of Interest |
7.45%* p.a |
Rs 20 lakh home loan EMI for 10 years |
Rs.23,584 |
Total Interest |
Rs. 8,30,089 |
Total Amount Payable |
Rs. 28,30,089 |
Rs. 20 lakh home loan EMI for 5 years
A 5-year tenure offers the quickest repayment plan for your Rs. 20 lakh home loan, with the lowest overall interest cost. However, the EMIs will be substantially higher, suitable for those with robust financial stability.
Loan Amount |
Rs. 20,00,000 |
Rate of Interest |
7.45%* p.a |
Rs 20 lakh home loan EMI for 5 years |
Rs. 39,933 |
Total Interest |
Rs. 3,96,009 |
Total Amount Payable |
Rs. 23,96,009 |
