Home loan EMI per lakh chart
The quickest way to estimate a home-loan EMI is the EMI per lakh: the monthly instalment on each Rs 1,00,000 borrowed. Multiply it by the number of lakhs. This chart gives the figure for common rates and tenures.
EMI per Rs 1 lakh
| Rate | 10 years | 15 years | 20 years | 25 years | 30 years |
|---|---|---|---|---|---|
| 7% | 1,161 | 899 | 775 | 707 | 665 |
| 7.5% | 1,187 | 927 | 806 | 739 | 699 |
| 8% | 1,213 | 956 | 836 | 772 | 734 |
| 8.15% | 1,221 | 964 | 846 | 782 | 744 |
| 8.5% | 1,240 | 985 | 868 | 805 | 769 |
| 9% | 1,267 | 1,014 | 900 | 839 | 805 |
| 9.5% | 1,294 | 1,044 | 932 | 874 | 841 |
| 10% | 1,322 | 1,075 | 965 | 909 | 878 |
| 10.5% | 1,349 | 1,105 | 998 | 944 | 915 |
Rounded to the nearest rupee, constant rate, monthly reducing balance. The 8.15% row is the repo rate (5.50%) plus an illustrative 2.65% EBLR spread. Your lender's rate and rounding will differ slightly.
Your loan, from the chart
Using the chart
For a Rs 50 lakh loan at 8.15% over 20 years, find 8.15% and 20 years: Rs 846 per lakh. Multiply by 50: about Rs 42,290 a month. A floating-rate loan changes at each reset, so this is the starting EMI, not a promise. See what a rate rise does to your EMI and end date.
Questions
What is the EMI per lakh for a home loan?
The monthly instalment for each Rs 1,00,000 borrowed. At 8.15% over 20 years it is about Rs 846, so a Rs 50 lakh loan has an EMI of about Rs 42,290.
How do I use the EMI per lakh chart?
Find your rate and tenure, read the EMI per lakh, and multiply by your loan amount in lakh.
Is the EMI fixed for the whole loan?
Not on a floating-rate loan. The EMI is set at the start; when the rate resets, your lender either changes the EMI or changes the tenure, and RBI says it must offer you the choice.