₹1 Crore Home Loan EMI for 20 Years
The EMI for a ₹1 Crore home loan over 20 years is about ₹87,416/month at 8.6% p.a. Over the full tenure you repay ₹2.10 Cr — of which ₹1.10 Cr is interest. Updated for 2026.
₹1 Crore EMI at different interest rates (20 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. | ₹83,644 | ₹1.01 Cr |
| 8.25% p.a. | ₹85,207 | ₹1.04 Cr |
| 8.5% p.a. | ₹86,782 | ₹1.08 Cr |
| 8.75% p.a. | ₹88,371 | ₹1.12 Cr |
| 9% p.a. | ₹89,973 | ₹1.16 Cr |
| 9.25% p.a. | ₹91,587 | ₹1.20 Cr |
| 9.5% p.a. | ₹93,213 | ₹1.24 Cr |
| 10% p.a. | ₹96,502 | ₹1.32 Cr |
₹1 Crore home loan EMI by bank (20 years)
EMI for a ₹1 Crore loan over 20 years at each lender's minimum 2026 rate. Sorted lowest first.
| Bank | Min Rate | Monthly EMI | Processing Fee |
|---|---|---|---|
| BoI | 7.1% | ₹78,131 | Varies |
| Central Bank | 7.1% | ₹78,131 | Varies |
| IOB | 7.1% | ₹78,131 | Varies |
| P&S Bank | 7.1% | ₹78,131 | Varies |
| Canara | 7.15% | ₹78,433 | 0.50% (varies) |
| UCO | 7.15% | ₹78,433 | Varies |
| BoB | 7.2% | ₹78,735 | Up to 0.50% (varies) |
| Bajaj Housing | 7.25% | ₹79,038 | Up to 0.50% + GST |
| Union Bank | 7.35% | ₹79,645 | Varies |
| BoM | 7.35% | ₹79,645 | Varies |
Cut this loan short: the prepayment effect
On a ₹1 Crore loan at 8.6% over 20 years, the first few years are almost entirely interest. Adding just ₹10,000/month toward the principal closes the loan in roughly 15 years 7 months and saves about ₹28.29 L in interest.
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₹1 Crore EMI at other tenures
Other loan amounts for 20 years
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Frequently Asked Questions
What is the EMI for a ₹1 Crore home loan for 20 years?
The EMI for a ₹1 Crore home loan over 20 years is approximately ₹87,416 per month at an interest rate of 8.6% p.a. The exact EMI depends on your bank's rate — at 8% it is ₹83,644 and at 9.5% it is ₹93,213 per month.
How much total interest will I pay on a ₹1 Crore loan over 20 years?
At 8.6% p.a. you would pay roughly ₹1,09,79,840 in total interest over 20 years — making the total repayment about ₹2,09,79,840 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 ₹78,131/month (7.1% p.a.) for a ₹1 Crore loan over 20 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 15 years 7 months instead of 20 years, saving roughly ₹28,28,526 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.