₹1 Crore Home Loan EMI for 15 Years
The EMI for a ₹1 Crore home loan over 15 years is about ₹99,061/month at 8.6% p.a. Over the full tenure you repay ₹1.78 Cr — of which ₹78.31 L is interest. Updated for 2026.
₹1 Crore EMI at different interest rates (15 years)
Even a 0.5% rate difference changes your total interest by lakhs. This is why negotiating your rate — or transferring your balance — matters more than most borrowers realise.
| Interest Rate | Monthly EMI | Total Interest |
|---|---|---|
| 8% p.a. | ₹95,565 | ₹72.02 L |
| 8.25% p.a. | ₹97,014 | ₹74.63 L |
| 8.5% p.a. | ₹98,474 | ₹77.25 L |
| 8.75% p.a. | ₹99,945 | ₹79.90 L |
| 9% p.a. | ₹1,01,427 | ₹82.57 L |
| 9.25% p.a. | ₹1,02,919 | ₹85.25 L |
| 9.5% p.a. | ₹1,04,422 | ₹87.96 L |
| 10% p.a. | ₹1,07,461 | ₹93.43 L |
₹1 Crore home loan EMI by bank (15 years)
EMI for a ₹1 Crore loan over 15 years at each lender's minimum 2026 rate. Sorted lowest first.
| Bank | Min Rate | Monthly EMI | Processing Fee |
|---|---|---|---|
| BoI | 7.1% | ₹90,443 | Varies |
| Central Bank | 7.1% | ₹90,443 | Varies |
| IOB | 7.1% | ₹90,443 | Varies |
| P&S Bank | 7.1% | ₹90,443 | Varies |
| Canara | 7.15% | ₹90,724 | 0.50% (varies) |
| UCO | 7.15% | ₹90,724 | Varies |
| BoB | 7.2% | ₹91,005 | Up to 0.50% (varies) |
| Bajaj Housing | 7.25% | ₹91,286 | Up to 0.50% + GST |
| Union Bank | 7.35% | ₹91,851 | Varies |
| BoM | 7.35% | ₹91,851 | Varies |
Cut this loan short: the prepayment effect
On a ₹1 Crore loan at 8.6% over 15 years, the first few years are almost entirely interest. Adding just ₹10,000/month toward the principal closes the loan in roughly 12 years 6 months and saves about ₹14.84 L in interest.
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₹1 Crore EMI at other tenures
Other loan amounts for 15 years
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Frequently Asked Questions
What is the EMI for a ₹1 Crore home loan for 15 years?
The EMI for a ₹1 Crore home loan over 15 years is approximately ₹99,061 per month at an interest rate of 8.6% p.a. The exact EMI depends on your bank's rate — at 8% it is ₹95,565 and at 9.5% it is ₹1,04,422 per month.
How much total interest will I pay on a ₹1 Crore loan over 15 years?
At 8.6% p.a. you would pay roughly ₹78,30,980 in total interest over 15 years — making the total repayment about ₹1,78,30,980 against a borrowed amount of ₹1,00,00,000. A longer tenure lowers the EMI but sharply increases total interest.
Which bank offers the lowest EMI for a ₹1 Crore home loan?
Based on current 2026 minimum rates, Bank of India offers the lowest EMI at about ₹90,443/month (7.1% p.a.) for a ₹1 Crore loan over 15 years. Always compare the processing fee and reset terms, not just the headline rate.
How much can I save by prepaying this loan?
Adding just ₹10,000/month towards the principal on a ₹1 Crore loan can close it in about 12 years 6 months instead of 15 years, saving roughly ₹14,83,675 in interest. Use the NestSaver prepayment simulator to model your exact numbers.
Should I choose a shorter or longer tenure?
A shorter tenure means a higher EMI but far less total interest; a longer tenure eases monthly cash flow but costs much more overall. For a ₹1 Crore loan, moving from 30 to 20 years raises the EMI by about ₹9,815/month but can save ₹69,56,520 in interest.