What is the EMI for a ₹1 crore loan for 10 years?

About ₹1,23,986 a month at 8.5% a year, with ₹48,78,283 paid in interest over 120 months. At 9.5% the EMI is about ₹1,29,398.

How much do I save by prepaying a ₹1 crore loan?

Paying ₹25,000 extra every month at 8.5% clears the loan in 7 years 8 months instead of 10 years and saves about ₹12,59,691 in interest.

EMI for a ₹1 crore loan for 10 years

At 8.5% a year, the EMI is

₹1,23,986

a month for 120 months. You pay ₹48.78 lakh in interest, ₹1.49 crore in all.

Change the numbers

At different interest rates

Rate	EMI	Interest	Total paid
8%	₹1,21,328	₹45.59 lakh	₹1.46 crore
8.5%	₹1,23,986	₹48.78 lakh	₹1.49 crore
9%	₹1,26,676	₹52.01 lakh	₹1.52 crore
9.5%	₹1,29,398	₹55.28 lakh	₹1.55 crore
10%	₹1,32,151	₹58.58 lakh	₹1.59 crore
11%	₹1,37,750	₹65.3 lakh	₹1.65 crore

Paying ₹25,000 extra each month at 8.5% clears the loan in 7 years 8 months and saves about ₹12.6 lakh in interest.

Repayment schedule at 8.5%

Year	Loan repaid	Interest	Still owed
1	₹6,63,273	₹8,24,555	₹93,36,727
2	₹7,21,900	₹7,65,928	₹86,14,826
3	₹7,85,710	₹7,02,118	₹78,29,116
4	₹8,55,160	₹6,32,669	₹69,73,957
5	₹9,30,748	₹5,57,080	₹60,43,209
6	₹10,13,017	₹4,74,811	₹50,30,192
7	₹11,02,559	₹3,85,269	₹39,27,633
8	₹12,00,015	₹2,87,813	₹27,27,617
9	₹13,06,086	₹1,81,743	₹14,21,532
10	₹14,21,532	₹66,297	₹0

₹1 crore over other terms

Other loan amounts for 10 years

Boond is a calculator, not investment advice. Mutual fund investments are subject to market risks. Returns shown are estimates at the rates listed, before tax.