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

Your monthly EMI on a Rs 20 lakh home loan depends primarily on three factors: interest rate, loan tenure, and loan type. Current home loan rates provided by major lenders in India range between 7.30% and 9.00% p.a. . For instance, with an 8.5% interest rate for 20 years, expect to pay approximately Rs 17,356 per month. Understanding these basics helps you plan better and avoid financial stress. Understanding your Rs 20 Lakh home loan EMI