Rs 1 Crore Home Loan EMI (Calculator 2023)

Are you planning to buy a house and need to borrow via a Rs 1 crore home loan? Congratulations! House purchase is a big decision both financially and emotionally speaking.

But do you know how much the Rs 1 crore home loan EMI per month will be? Or what will be your Rs 1 crore home loan EMI per lakh?

The monthly EMI depends on various factors like the housing loan amount, loan tenure, interest rate.

So depending on the chosen loan tenure, Rs 1 crore home loan EMI for 30 years will be different from Rs 1 crore home loan EMI for 25 years, which will be different from Rs 1 crore home loan EMI for 20 years. And that will be different from Rs 1 crore home loan EMI for 15 years will be different from Rs 1 crore home loan EMI for 10 years.

The EMI (or Equated Monthly Installment) is the payment you as a borrower makes every month towards the repayment of loan. EMI is made up of both: i) the principal repayment component and ii) the interest payment component.

To give you an idea about the various possibilities of Rs 1 crore loan EMI, here is a ready reckoner (which in a way acts as housing loan EMI calculator without force-feeding you with mathematical details of the interest on housing loan calculation). It will also show the home loan Rs 1 crore lac total interest for different loan tenures:

Home Loan Rate = 7.0%

Rs 1 crore lakh home loan EMI for 30 years at interest rate of 7.0% has a monthly EMI of Rs 66,530. This means that the total interest paid is Rs 1.40 crore during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 25 years at interest rate of 7.0% has a monthly EMI of Rs 70,768. This means that the total interest paid is Rs 1.12 crore during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 20 years at interest rate of 7.0% has a monthly EMI of Rs 77,530. This means that the total interest paid is Rs 86 lakh during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 15 years at interest rate of 7.0% has a monthly EMI of Rs 89,883. This means that the total interest paid is Rs 62 lac during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 10 years at interest rate of 7.0% has a monthly EMI of Rs 1.16 lakh. This means that the total interest paid is Rs 39 lac during the full loan tenure without any prepayments.

So that is the monthly EMI for a housing loan of Rs 1 crore or your EMI on home loan of 50 lakhs for home loan interest rate of 7% for different tenures.

Home Loan Rate = 7.5%

Rs 1 crore home loan EMI for 30 years at interest rate of 7.5% has a monthly EMI of Rs 69,921. This means that the total interest paid is Rs 1.51 crore during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 25 years at interest rate of 7.5% has a monthly EMI of Rs 73,899. This means that the total interest paid is Rs 1.22 crore during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 20 years at interest rate of 7.5% has a monthly EMI of Rs 80,559. This means that the total interest paid is Rs 93 lac during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 15 years at interest rate of 7.5% has a monthly EMI of Rs 92,701. This means that the total interest paid is Rs 67 lac during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 10 years at interest rate of 7.5% has a monthly EMI of Rs 1.18 lakh. This means that the total interest paid is Rs 42 lac during the full loan tenure without any prepayments.

So that is the monthly EMI for a housing loan of Rs 1 crore or your EMI on home loan of 1 crore for home loan interest rate of 7.5% for different tenures.

Home Loan Rate = 8.0%

Rs 1 crore home loan EMI for 30 years at interest rate of 8.0% has a monthly EMI of Rs 73,376. This means that the total interest paid is Rs 1.64 crore during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 25 years at interest rate of 8.0% has a monthly EMI of Rs 77,182. This means that the total interest paid is Rs 1.32 crore during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 20 years at interest rate of 8.0% has a monthly EMI of Rs 83,644. This means that the total interest paid is Rs 1 crore during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 15 years at interest rate of 8.0% has a monthly EMI of Rs 95,565. This means that the total interest paid is Rs 72 lac during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 10 years at interest rate of 8.0% has a monthly EMI of Rs 1.21 lakh. This means that the total interest paid is Rs 46 lac during the full loan tenure without any prepayments.

So that is the monthly EMI for housing loan of Rs 1 crore or your EMI on home loan of 1 crore for home loan interest rate of 8?% for different tenures.

Home Loan Rate = 8.5%

Rs 1 crore home loan EMI for 30 years at interest rate of 8.5% has a monthly EMI of Rs 76,891. This means that the total interest paid is Rs 1.77 crore during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 25 years at interest rate of 8.5% has a monthly EMI of Rs 80,523. This means that the total interest paid is Rs 1.42 crore during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 20 years at interest rate of 8.5% has a monthly EMI of Rs 86,782. This means that the total interest paid is Rs 1.08 crore during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 15 years at interest rate of 8.5% has a monthly EMI of Rs 98,474. This means that the total interest paid is Rs 77 lac during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 10 years at interest rate of 8.5% has a monthly EMI of Rs 1.23 lakh. This means that the total interest paid is Rs 49 lac during the full loan tenure without any prepayments.

So that is the monthly EMI for a housing loan of Rs 1 crore or your EMI on home loan of 1 crore for home loan interest rate of 8.5% for different tenures.

Home Loan Rate = 9.0%

Rs 1 crore home loan EMI for 30 years at interest rate of 9.0% has a monthly EMI of Rs 80,462. This means that the total interest paid is Rs 1.89 Crore during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 25 years at interest rate of 9.0% has a monthly EMI of Rs 83,920. This means that the total interest paid is Rs 1.51 crore during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 20 years at interest rate of 9.0% has a monthly EMI of Rs 89,973. This means that the total interest paid is Rs 1.16 crore during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 15 years at interest rate of 9.0% has a monthly EMI of Rs 1.01 lakh. This means that the total interest paid is Rs 83 lac during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 10 years at interest rate of 9.0% has a monthly EMI of Rs 1.27 lakh. This means that the total interest paid is Rs 52 lac during the full loan tenure without any prepayments.

So that is the monthly EMI for a housing loan of Rs 50 lakh or your EMI on home loan of 50 lakhs for home loan interest rate of 9% for different tenures.

Home Loan Rate = 9.5%

Rs 1 crore home loan EMI for 30 years at interest rate of 9.5% has a monthly EMI of Rs 84,085. This means that the total interest paid is Rs 2.02 crore during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 25 years at interest rate of 9.5% has a monthly EMI of Rs 87,370. This means that the total interest paid is Rs 1.62 lac during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 20 years at interest rate of 9.5% has a monthly EMI of Rs 93,213. This means that the total interest paid is Rs 1.24 crore during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 15 years at interest rate of 9.5% has a monthly EMI of Rs 1.04 lakh. This means that the total interest paid is Rs 88 lac during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 10 years at interest rate of 9.5% has a monthly EMI of Rs 1.29 lakh. This means that the total interest paid is Rs 55 lac during the full loan tenure without any prepayments.

So that is the monthly EMI for a housing loan of Rs 1 crore or your EMI on home loan of 1 crore for home loan interest rate of 9.5% for different tenures.

Home Loan Rate = 10.0%

Rs 1 crore home loan EMI for 30 years at interest rate 10% has a monthly EMI of Rs 87,757. This means that the total interest paid is Rs 2.16 crore during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 25 years at interest rate of 10% has a monthly EMI of Rs 90,870. This means that the total interest paid is Rs 1.72 crore during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 20 years at interest rate of 10% has a monthly EMI of Rs 96,502. This means that the total interest paid is Rs 1.32 lac during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 15 years at interest rate of 10% has a monthly EMI of Rs 1.07 lakh. This means that the total interest paid is Rs 94 lac during the full loan tenure without any prepayments.
Rs 1 crore home loan EMI for 10 years at interest rate of 10% has a monthly EMI of Rs 1.32 lakh. This means that the total interest paid is Rs 59 lac during the full loan tenure without any prepayments

So that is the monthly EMI for a housing loan of Rs 1 crore or your EMI on home loan of 1 crore for home loan interest rate of 10% for different tenures.

This is how you can find out the EMIs for your Rs 1 crore home loan. To some extent, the details provided above show the home loan EMI calculation and can be used as a sort of Rs 1 crore housing loan EMI calculator.

Some people look at home loans in a different manner. They are interested in knowing how much is the home loan EMI per lakh. That is, they want to look at EMI per lakh chart of home loans. Here is a ready reckoner for those who are looking for housing loan per lac EMI:

Home Loan EMI per Lakh for 30 years

For 30-year home loan at 7.0% loan rate, it will have a home loan EMI per lakh of Rs 665.
For 30-year home loan at 7.5% loan rate, it will have a home loan EMI per lakh of Rs 699.
For 30-year home loan at 8.0% loan rate, it will have a home loan EMI per lakh of Rs 734.
For 30-year home loan at 8.5% loan rate, it will have a home loan EMI per lakh of Rs 769.
For 30-year home loan at 9.0% loan rate, it will have a home loan EMI per lakh of Rs 805.
For 30-year home loan at 9.5% loan rate, it will have a home loan EMI per lakh of Rs 841.
For 30-year home loan at 10.0% loan rate, it will have a home loan EMI per lakh of Rs 878.

Home Loan EMI per Lakh for 25 years

For 25-year home loan at 7.0% loan rate, it will have a home loan EMI per lakh of Rs 707.
For 25-year home loan at 7.5% loan rate, it will have a home loan EMI per lakh of Rs 739.
For 25-year home loan at 8.0% loan rate, it will have a home loan EMI per lakh of Rs 772.
For 25-year home loan at 8.5% loan rate, it will have a home loan EMI per lakh of Rs 805.
For 25-year home loan at 9.0% loan rate, it will have a home loan EMI per lakh of Rs 839.
For 25-year home loan at 9.5% loan rate, it will have a home loan EMI per lakh of Rs 874.
For 25-year home loan at 10.0% loan rate, it will have a home loan EMI per lakh of Rs 909.

Home Loan EMI per Lakh for 20 years

For 20-year home loan at 7.0% loan rate, it will have a home loan EMI per lakh of Rs 775.
For 20-year home loan at 7.5% loan rate, it will have a home loan EMI per lakh of Rs 806.
For 20-year home loan at 8.0% loan rate, it will have a home loan EMI per lakh of Rs 836.
For 20-year home loan at 8.5% loan rate, it will have a home loan EMI per lakh of Rs 868.
For 20-year home loan at 9.0% loan rate, it will have a home loan EMI per lakh of Rs 900.
For 20-year home loan at 9.5% loan rate, it will have a home loan EMI per lakh of Rs 932.
For 20-year home loan at 10.0% loan rate, it will have a home loan EMI per lakh of Rs 965.

Home Loan EMI per Lakh for 15 years

For 15-year home loan at 7.0% loan rate, it will have a home loan EMI per lakh of Rs 899.
For 15-year home loan at 7.5% loan rate, it will have a home loan EMI per lakh of Rs 927.
For 15-year home loan at 8.0% loan rate, it will have a home loan EMI per lakh of Rs 956.
For 15-year home loan at 8.5% loan rate, it will have a home loan EMI per lakh of Rs 985.
For 15-year home loan at 9.0% loan rate, it will have a home loan EMI per lakh of Rs 1014.
For 15-year home loan at 9.5% loan rate, it will have a home loan EMI per lakh of Rs 1044.
For 15-year home loan at 10.0% loan rate, it will have a home loan EMI per lakh of Rs 1075.

Home Loan EMI per Lakh for 10 years

For 10-year home loan at 7.0% loan rate, it will have a home loan EMI per lakh of Rs 1161.
For 10-year home loan at 7.5% loan rate, it will have a home loan EMI per lakh of Rs 1187.
For 10-year home loan at 8.0% loan rate, it will have a home loan EMI per lakh of Rs 1213.
For 10-year home loan at 8.5% loan rate, it will have a home loan EMI per lakh of Rs 1240.
For 10-year home loan at 9.0% loan rate, it will have a home loan EMI per lakh of Rs 1267.
For 10-year home loan at 9.5% loan rate, it will have a home loan EMI per lakh of Rs 1294.
For 10-year home loan at 10.0% loan rate, it will have a home loan EMI per lakh of Rs 1322.

That is about how changing home loan tenure impacts your EMI. You might want to read how shorter tenure can save money in total interest paid during the loan tenure.

If you wish to know How to calculate home loan EMI yourself, then you can use MS excel formulae too.

In excel, to calculate Rs 1 crore loan EMI, you need to use the PMT function.

Monthly EMI = PMT (Monthly Interest Rate, Tenure in Months, Loan Amount)

So let’s take a small example.

Suppose you want to take a home loan of Rs 1 crore for 30 years. The lender is giving the loan at 8% per annum.

Using the following values in the PMT formula in excel:

Monthly Interest Rate = 8%/12 = 0.666%
Loan Tenure in Months = 30 years * 12 = 360 months
Loan Amount = Rs 1 crore

We get, PMT (0.006667, 360, 10000000) = Rs 38,591 per month (in EMI).

That is, the monthly EMI of Rs 1 crore loan taken for 25 years at 8% is Rs 38,591 per month or housing loan EMI per lakh of Rs 772 per lakh. You can cross-check the value with the earlier detailed EMI amounts.

When you are planning to take a loan, EMI is one of the first thing that you try to estimate yourself. From lender’s perspective, it’s rather about your Rs 1 crore home loan eligibility.

The major factors affecting the EMI amount are loan amount, repayment tenure, loan interest rate. In a way, the downpayment is also a factor to consider, but its an indirect one as it impacts the home loan amount.

Here is how your EMI changes with change in these factors:

Loan amount: Higher the loan amount, higher the loan EMI.
Repayment tenure: Longer the loan tenure, smaller will be the monthly EMI. But remember that you can save lakhs if you choose shorter loan tenure for home loans.
Rate of interest: Smaller the interest rate, smaller the monthly EMI.
Down payment: Bigger the downpayment, smaller will be the loan amount. And smaller the loan amount, lesser will be the monthly EMI. Read more about whether you should take personal loan for downpayment?

And let me tell you something that many people don’t know. Home loans are structured in a manner that during the initial years, a major chunk of your EMI goes towards interest payment and lesser towards principal repayment.

By the way, if you are not sure about the amount of home loan you will get approved, then you better get your notions about home loan cleared by reading How much home loan will you get?

And just because loan rates are falling, it doesn’t mean that you go out and buy a house unnecessarily. Do read Should you take home loan only because of falling rates? You will realize there is a lot more to buying a house than just trying to take advantage of falling loan rates.

But do check online about the latest Rs 1 crore home loan interest rates to keep an idea about what’s on offer.

Manging home loan properly by using home loan tax benefits can go a long way in helping you save a lot of money.

So that’s it.

Sorry it went a bit long but I wanted to highlight the Rs 1 crore home loan EMI from various angles. Like Rs 1 crore home loan EMI 10 years, Rs 1 crore home loan EMI 15 years, Rs 1 crore home loan EMI 20 years, Rs 1 crore home loan EMI 25 years, Rs 1 crore home loan EMI 30 years in India in 2023. Or from the perspective of home loan EMI per lakh.

So use the above-detailed information to figure out how to calculate home loan EMI in 2023.