The fastest way to size any home loan is to know the home loan EMI per lakh. At 8% over 20 years, every ₹1 lakh you borrow costs ₹836 a month. Borrowing ₹50 lakh? That's 50 × ₹836, about ₹41,800.
Below is the full table at every rate from 7% to 10%, in steps of 0.25%, for 10 to 30 years. Then the total interest per lakh, SBI's EMI per lakh at today's rates, and the salary each lakh needs.
EMI per ₹1 lakh: 10, 15 and 20 years
| Interest rate | 10 years | 15 years | 20 years |
|---|---|---|---|
| 7.00% | ₹1,161 | ₹899 | ₹775 |
| 7.25% | ₹1,174 | ₹913 | ₹790 |
| 7.50% | ₹1,187 | ₹927 | ₹806 |
| 7.75% | ₹1,200 | ₹941 | ₹821 |
| 8.00% | ₹1,213 | ₹956 | ₹836 |
| 8.25% | ₹1,227 | ₹970 | ₹852 |
| 8.50% | ₹1,240 | ₹985 | ₹868 |
| 8.75% | ₹1,253 | ₹999 | ₹884 |
| 9.00% | ₹1,267 | ₹1,014 | ₹900 |
| 9.25% | ₹1,280 | ₹1,029 | ₹916 |
| 9.50% | ₹1,294 | ₹1,044 | ₹932 |
| 9.75% | ₹1,308 | ₹1,059 | ₹949 |
| 10.00% | ₹1,322 | ₹1,075 | ₹965 |
EMI per ₹1 lakh: 25 and 30 years
| Interest rate | 25 years | 30 years |
|---|---|---|
| 7.00% | ₹707 | ₹665 |
| 7.25% | ₹723 | ₹682 |
| 7.50% | ₹739 | ₹699 |
| 7.75% | ₹755 | ₹716 |
| 8.00% | ₹772 | ₹734 |
| 8.25% | ₹788 | ₹751 |
| 8.50% | ₹805 | ₹769 |
| 8.75% | ₹822 | ₹787 |
| 9.00% | ₹839 | ₹805 |
| 9.25% | ₹856 | ₹823 |
| 9.50% | ₹874 | ₹841 |
| 9.75% | ₹891 | ₹859 |
| 10.00% | ₹909 | ₹878 |
How to use the table
Find your rate and tenure, then multiply by your loan in lakhs.
See your real payoff date in 60 seconds
Banks calculate remaining EMIs by simple subtraction. See your actual payoff date and discover how much interest a balance transfer can save.
- ₹45 lakh at 8.25% for 20 years: ₹852 × 45 = ₹38,340. The exact EMI is ₹38,343.
- ₹75 lakh at 7.50% for 30 years: ₹699 × 75 = ₹52,425. The exact EMI is ₹52,441.
- ₹30 lakh at 8.00% for 15 years: ₹956 × 30 = ₹28,680. The exact EMI is ₹28,670.
The small gaps come from rounding the per-lakh figure. For an exact number, use our EMI calculator.
What each 0.25% costs you
Around 8% over 20 years, every 0.25% on your rate adds about ₹16 a month per lakh.
That sounds tiny. On ₹50 lakh it's about ₹780 a month, and roughly ₹1.9 lakh over the loan. That's exactly what RBI's October hike did to most floating rate borrowers.
Total interest per ₹1 lakh
The EMI is what you feel every month. This is what you actually pay.
| Interest rate | 15 years | 20 years | 30 years |
|---|---|---|---|
| 7.00% | ₹61,789 | ₹86,072 | ₹1,39,509 |
| 7.50% | ₹66,862 | ₹93,342 | ₹1,51,717 |
| 8.00% | ₹72,017 | ₹1,00,746 | ₹1,64,155 |
| 8.50% | ₹77,253 | ₹1,08,278 | ₹1,76,809 |
| 9.00% | ₹82,568 | ₹1,15,934 | ₹1,89,664 |
| 9.50% | ₹87,960 | ₹1,23,711 | ₹2,02,708 |
| 10.00% | ₹93,429 | ₹1,31,605 | ₹2,15,926 |
At 8% over 30 years, you repay about ₹2.64 lakh for every ₹1 lakh you borrow. Over 20 years it's about ₹2.01 lakh. That's why a longer tenure costs so much more, even though the EMI looks lower. I've gone deeper into this in everyone checks the EMI, almost nobody checks the number that matters.
SBI home loan EMI per lakh
SBI's home loan rates run from 7.50% to 8.80% since 15 October 2026. Your rate inside that range depends mostly on your credit score.
| SBI rate | EMI per lakh, 20 years | EMI per lakh, 30 years |
|---|---|---|
| 7.50% | ₹806 | ₹699 |
| 7.75% | ₹821 | ₹716 |
| 8.00% | ₹836 | ₹734 |
| 8.25% | ₹852 | ₹751 |
| 8.80% | ₹887 | ₹790 |
The full breakdown of SBI's rates, by credit score and with fees, is in our SBI home loan interest rate post. The per-lakh math works the same for every bank. Only the rate changes.
Salary per lakh
Banks usually let your EMIs take up to about 50% of your take-home pay. So at 8% over 20 years, every lakh you borrow needs about ₹1,673 of monthly take-home salary.
A ₹50 lakh loan needs about ₹83,700 a month. A ₹30 lakh loan needs about ₹50,200. Every existing EMI you pay pushes this up. The full ₹50 lakh breakdown, every tenure and the salary banks expect, is in ₹50 lakh home loan EMI.
The formula behind the table
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1)
- P is the loan amount
- r is the monthly rate: the yearly rate ÷ 12 ÷ 100
- n is the number of months
For ₹1 lakh at 8% over 20 years: r = 0.00667 and n = 240, which gives ₹836. More on how the math works in what is a home loan EMI calculator and how does it work.
Size your own loan
Use the EMI calculator to plug in your exact amount, rate and tenure, and see how prepayments change the total. When you're ready to borrow, GoVitt compares 50+ banks and charges you 0% commission.
FAQ
What is the EMI for a ₹1 lakh home loan? At 8% a year, ₹1,213 over 10 years, ₹956 over 15 years, ₹836 over 20 years and ₹734 over 30 years. At 7.50%, it's ₹806 over 20 years.
How do I calculate the home loan EMI for any amount using EMI per lakh? Find the EMI per lakh for your rate and tenure, then multiply by your loan amount in lakhs. ₹45 lakh at 8.25% for 20 years is ₹852 × 45, about ₹38,340.
What is SBI's home loan EMI per lakh? SBI's rates start at 7.50% since 15 October 2026. At 7.50%, the EMI per lakh is ₹806 over 20 years and ₹699 over 30 years. At 8.00%, it's ₹836 and ₹734.
Is the EMI per lakh the same at every bank? For the same rate and tenure, yes. The formula doesn't change from bank to bank. What changes is the rate each bank offers you, which depends mostly on your credit score, income and loan amount.
How much salary do I need for every ₹1 lakh of home loan? At 8% over 20 years and the usual 50% limit on EMIs, about ₹1,673 of monthly take-home salary for every lakh, before counting any EMIs you already pay.
EMIs use the standard monthly reducing balance method, rounded to the nearest rupee. SBI rate range as of 22 October 2026. Banks may calculate slightly differently, for example with daily interest.
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