What is the EMI for a ₹10 lakh loan for 15 years?

About ₹9,847 a month at 8.5% a year, with ₹7,72,531 paid in interest over 180 months. At 9.5% the EMI is about ₹10,442.

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

Paying ₹2,000 extra every month at 8.5% clears the loan in 10 years 10 months instead of 15 years and saves about ₹2,43,412 in interest.

EMI for a ₹10 lakh loan for 15 years

At 8.5% a year, the EMI is

₹9,847

a month for 180 months. You pay ₹7.73 lakh in interest, ₹17.73 lakh in all.

Change the numbers

At different interest rates

Rate	EMI	Interest	Total paid
8%	₹9,557	₹7.2 lakh	₹17.2 lakh
8.5%	₹9,847	₹7.73 lakh	₹17.73 lakh
9%	₹10,143	₹8.26 lakh	₹18.26 lakh
9.5%	₹10,442	₹8.8 lakh	₹18.8 lakh
10%	₹10,746	₹9.34 lakh	₹19.34 lakh
11%	₹11,366	₹10.46 lakh	₹20.46 lakh

Paying ₹2,000 extra each month at 8.5% clears the loan in 10 years 10 months and saves about ₹2.43 lakh in interest.

Repayment schedule at 8.5%

Year	Loan repaid	Interest	Still owed
1	₹34,492	₹83,677	₹9,65,508
2	₹37,541	₹80,628	₹9,27,967
3	₹40,859	₹77,310	₹8,87,108
4	₹44,471	₹73,698	₹8,42,638
5	₹48,401	₹69,767	₹7,94,236
6	₹52,680	₹65,489	₹7,41,557
7	₹57,336	₹60,833	₹6,84,221
8	₹62,404	₹55,765	₹6,21,817
9	₹67,920	₹50,249	₹5,53,897
10	₹73,923	₹44,245	₹4,79,974
11	₹80,458	₹37,711	₹3,99,516
12	₹87,569	₹30,599	₹3,11,947
13	₹95,310	₹22,859	₹2,16,637
14	₹1,03,734	₹14,435	₹1,12,903
15	₹1,12,903	₹5,266	₹0

₹10 lakh over other terms

Other loan amounts for 15 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.