₹75 Lakh Home Loan EMI for 15 Years
The EMI for a ₹75 Lakh home loan over 15 years is about ₹74,296/month at 8.6% p.a. Over the full tenure you repay ₹1.34 Cr — of which ₹58.73 L is interest. Updated for 2026.
₹75 Lakh 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. | ₹71,674 | ₹54.01 L |
| 8.25% p.a. | ₹72,761 | ₹55.97 L |
| 8.5% p.a. | ₹73,855 | ₹57.94 L |
| 8.75% p.a. | ₹74,959 | ₹59.93 L |
| 9% p.a. | ₹76,070 | ₹61.93 L |
| 9.25% p.a. | ₹77,189 | ₹63.94 L |
| 9.5% p.a. | ₹78,317 | ₹65.97 L |
| 10% p.a. | ₹80,595 | ₹70.07 L |
₹75 Lakh home loan EMI by bank (15 years)
EMI for a ₹75 Lakh loan over 15 years at each lender's minimum 2026 rate. Sorted lowest first.
| Bank | Min Rate | Monthly EMI | Processing Fee |
|---|---|---|---|
| BoI | 7.1% | ₹67,832 | Varies |
| Central Bank | 7.1% | ₹67,832 | Varies |
| IOB | 7.1% | ₹67,832 | Varies |
| P&S Bank | 7.1% | ₹67,832 | Varies |
| Canara | 7.15% | ₹68,043 | 0.50% (varies) |
| UCO | 7.15% | ₹68,043 | Varies |
| BoB | 7.2% | ₹68,254 | Up to 0.50% (varies) |
| Bajaj Housing | 7.25% | ₹68,465 | Up to 0.50% + GST |
| Union Bank | 7.35% | ₹68,888 | Varies |
| BoM | 7.35% | ₹68,888 | Varies |
Cut this loan short: the prepayment effect
On a ₹75 Lakh 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 11 years 11 months and saves about ₹13.91 L in interest.
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₹75 Lakh EMI at other tenures
Other loan amounts for 15 years
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Frequently Asked Questions
What is the EMI for a ₹75 Lakh home loan for 15 years?
The EMI for a ₹75 Lakh home loan over 15 years is approximately ₹74,296 per month at an interest rate of 8.6% p.a. The exact EMI depends on your bank's rate — at 8% it is ₹71,674 and at 9.5% it is ₹78,317 per month.
How much total interest will I pay on a ₹75 Lakh loan over 15 years?
At 8.6% p.a. you would pay roughly ₹58,73,280 in total interest over 15 years — making the total repayment about ₹1,33,73,280 against a borrowed amount of ₹75,00,000. A longer tenure lowers the EMI but sharply increases total interest.
Which bank offers the lowest EMI for a ₹75 Lakh home loan?
Based on current 2026 minimum rates, Bank of India offers the lowest EMI at about ₹67,832/month (7.1% p.a.) for a ₹75 Lakh 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 ₹75 Lakh loan can close it in about 11 years 11 months instead of 15 years, saving roughly ₹13,90,658 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 ₹75 Lakh loan, moving from 30 to 20 years raises the EMI by about ₹7,361/month but can save ₹52,17,480 in interest.