₹2 crore Home Loan EMI for 15 Years
A ₹2 crore home loan repaid over 15 years at 9% interest gives you a monthly EMI of roughly ₹2.0 lakh. Over the full tenure you'll pay back significantly more than the principal — the interest component alone is about ₹1.65 crore. This is the cost of financing; use this page to size your down-payment, tenure and loan amount before committing.
Rate Comparison for ₹2 crore / 15 Years
| Rate | Monthly EMI | Total Interest | Total Payment |
|---|---|---|---|
| 6% | ₹1,68,771 | ₹1,03,78,846 | ₹3,03,78,846 |
| 9% | ₹2,02,853 | ₹1,65,13,597 | ₹3,65,13,597 |
| 12% | ₹2,40,034 | ₹2,32,06,050 | ₹4,32,06,050 |
About This Scenario
A ₹2 crore home loan repaid over 15 years at 9% interest gives you a monthly EMI of roughly ₹2.0 lakh. Over the full tenure you'll pay back significantly more than the principal — the interest component alone is about ₹1.65 crore. This is the cost of financing; use this page to size your down-payment, tenure and loan amount before committing.
Frequently Asked Questions
What is the EMI for a ₹2 crore home loan over 15 years?
At 9% interest, monthly EMI is ₹2,02,853. Total payment over 15 years is ₹3,65,13,597, of which ₹1,65,13,597 is interest.
Can I prepay a home loan without penalty?
For floating-rate home loans in India, RBI rules mandate zero prepayment penalty for individual borrowers. Fixed-rate loans may carry penalties of 2–4%.
Does the EMI change with interest rate changes?
On floating-rate loans, either the EMI or the tenure adjusts when the benchmark rate changes. Most banks default to keeping EMI constant and adjusting tenure; you can request the reverse.
What tax benefits apply to a home loan?
Under the old tax regime: Section 80C allows up to ₹1.5L deduction on principal; Section 24(b) allows up to ₹2L on interest for a self-occupied property. New tax regime: only let-out property interest is deductible.