What is the EMI for a ₹10 lakh loan for 10 years?

About ₹12,399 a month at 8.5% a year, with ₹4,87,828 paid in interest over 120 months. At 9.5% the EMI is about ₹12,940.

How much do I save by prepaying a ₹10 lakh loan?

Paying ₹2,000 extra every month at 8.5% clears the loan in 8 years instead of 10 years and saves about ₹1,06,447 in interest.

EMI for a ₹10 lakh loan for 10 years

At 8.5% a year, the EMI is

₹12,399

a month for 120 months. You pay ₹4.88 lakh in interest, ₹14.88 lakh in all.

Change the numbers

At different interest rates

Rate	EMI	Interest	Total paid
8%	₹12,133	₹4.56 lakh	₹14.56 lakh
8.5%	₹12,399	₹4.88 lakh	₹14.88 lakh
9%	₹12,668	₹5.2 lakh	₹15.2 lakh
9.5%	₹12,940	₹5.53 lakh	₹15.53 lakh
10%	₹13,215	₹5.86 lakh	₹15.86 lakh
11%	₹13,775	₹6.53 lakh	₹16.53 lakh

Paying ₹2,000 extra each month at 8.5% clears the loan in 8 years and saves about ₹1.06 lakh in interest.

Repayment schedule at 8.5%

Year	Loan repaid	Interest	Still owed
1	₹66,327	₹82,456	₹9,33,673
2	₹72,190	₹76,593	₹8,61,483
3	₹78,571	₹70,212	₹7,82,912
4	₹85,516	₹63,267	₹6,97,396
5	₹93,075	₹55,708	₹6,04,321
6	₹1,01,302	₹47,481	₹5,03,019
7	₹1,10,256	₹38,527	₹3,92,763
8	₹1,20,002	₹28,781	₹2,72,762
9	₹1,30,609	₹18,174	₹1,42,153
10	₹1,42,153	₹6,630	₹0

₹10 lakh 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.