How much EMI for Rs 20 lakh home loan? Breakdown for 10, 15, 20, 25 and 30-year tenures

The loan tenure dramatically impacts your monthly EMI. The following points shows EMIs at 8.5% interest for a 10, 15-, 20-, 25- and 30-year tenure.

1. Tenure: 10 years, EMI: Rs 24,797
2. Tenure: 15 years, EMI: Rs 19,695
3. Tenure: 20 years, EMI: Rs 17,356
4. Tenure: 25 years, EMI: Rs 16,105
5. Tenure: 30 years, EMI: Rs 15,378

A 15-year tenure means Rs 19,695 EMI, while 25 years brings it down to Rs 16,105. A 30-year tenure can lower your EMI to Rs 15,378, making homeownership more accessible for younger buyers.