Know Your Home Loan EMI: After RBI repo rate cut, here's how much you may save on Rs 20 lakh-Rs 1 crore loans at 9-13% interest rates
Home Loan EMI Calculations: Reserve Bank of India Governor Sanjay Malhotra today (Friday, February 7, 2025) slashed the repo rate by 25 bps. Banks are likely to reduce floating rate home loan interest rates by 0.25 per cent based on the decision. Once it happens, how much amount you will save on loans of Rs 20 lakh-Rs 1 crore taken in the 9%-13% interest rate range for 25 years? See Calculations-
Shaghil Bilali | Feb 07, 2025, 05:34 PM IST
Home Loan EMI Calculations: Reserve Bank of India (RBI) has cut the repo rate by 25 bps. Newly appointed RBI Governor Sanjay Malhotra announced the decision after the 3-day Monetary Policy Committee meeting today (Friday, February 7, 2025). After this announcement, many types of loans such as home, vehicle, and personal, are likely to become cheaper. As far as home loans are concerned, floating interest rate loans will most likely become cheaper by 25 bps, or 0.25 per cent. The decision on fixed interest rate loans is at the discretion of the lender, and there is no certainty if they will also become cheaper.
If you have a home loan in the range of Rs 20-Rs 1 crore in the interest range of 9 per cent to 13 per cent for 25 years, we will tell you how much amount you may save each month.
Photos: Unsplash/Pixabay/Unsplash
(Disclaimer: These are estimated amounts. Actual calculations may vary)
1/17
Rs 20 lakh-Rs 1 cr home loan at 9% interest rate
| 9% | |
| Loan Amount | EMI Amount |
| ₹ 20,00,000.00 | ₹ 16,783.93 |
| ₹ 30,00,000.00 | ₹ 25,175.89 |
| ₹ 40,00,000.00 | ₹ 33,567.85 |
| ₹ 50,00,000.00 | ₹ 41,959.82 |
| ₹ 60,00,000.00 | ₹ 50,351.78 |
| ₹ 70,00,000.00 | ₹ 58,743.75 |
| ₹ 80,00,000.00 | ₹ 67,135.71 |
| ₹ 90,00,000.00 | ₹ 75,527.67 |
| ₹ 1,00,00,000.00 | ₹ 83,919.64 |
2/17
Rs 20 lakh-Rs 1 cr home loan at 9.25% interest rate
| 9.25% | |
| Loan Amount | EMI Amount |
| ₹ 20,00,000.00 | ₹ 17,127.64 |
| ₹ 30,00,000.00 | ₹ 25,691.46 |
| ₹ 40,00,000.00 | ₹ 34,255.27 |
| ₹ 50,00,000.00 | ₹ 42,819.09 |
| ₹ 60,00,000.00 | ₹ 51,382.91 |
| ₹ 70,00,000.00 | ₹ 59,946.73 |
| ₹ 80,00,000.00 | ₹ 68,510.55 |
| ₹ 90,00,000.00 | ₹ 77,074.37 |
| ₹ 1,00,00,000.00 | ₹ 85,638.18 |
3/17
Rs 20 lakh-Rs 1 cr home loan at 9.50% interest rate
| At 9.5% | |
| Loan Amount | EMI Amount |
| ₹ 20,00,000.00 | ₹ 17,473.93 |
| ₹ 30,00,000.00 | ₹ 26,210.90 |
| ₹ 40,00,000.00 | ₹ 34,947.87 |
| ₹ 50,00,000.00 | ₹ 43,684.83 |
| ₹ 60,00,000.00 | ₹ 52,421.80 |
| ₹ 70,00,000.00 | ₹ 61,158.77 |
| ₹ 80,00,000.00 | ₹ 69,895.73 |
| ₹ 90,00,000.00 | ₹ 78,632.70 |
| ₹ 1,00,00,000.00 | ₹ 87,369.67 |
4/17
Rs 20 lakh-Rs 1 cr home loan at 9.75% interest rate
| Loan Amount | EMI Amount |
| ₹ 20,00,000.00 | ₹ 17,822.75 |
| ₹ 30,00,000.00 | ₹ 26,734.12 |
| ₹ 40,00,000.00 | ₹ 35,645.50 |
| ₹ 50,00,000.00 | ₹ 44,556.87 |
| ₹ 60,00,000.00 | ₹ 53,468.25 |
| ₹ 70,00,000.00 | ₹ 62,379.62 |
| ₹ 80,00,000.00 | ₹ 71,290.99 |
| ₹ 90,00,000.00 | ₹ 80,202.37 |
| ₹ 1,00,00,000.00 | ₹ 89,113.74 |
5/17
Rs 20 lakh-Rs 1 cr home loan at 10% interest rate
| Loan Amount (Rs) | EMI Amount |
| ₹ 20,00,000.00 | ₹ 18,174.01 |
| ₹ 30,00,000.00 | ₹ 27,261.02 |
| ₹ 40,00,000.00 | ₹ 36,348.03 |
| ₹ 50,00,000.00 | ₹ 45,435.04 |
| ₹ 60,00,000.00 | ₹ 54,522.04 |
| ₹ 70,00,000.00 | ₹ 63,609.05 |
| ₹ 80,00,000.00 | ₹ 72,696.06 |
| ₹ 90,00,000.00 | ₹ 81,783.07 |
| ₹ 1,00,00,000.00 | ₹ 90,870.07 |
6/17
Rs 20 lakh-Rs 1 cr home loan at 10.25% interest rate
| Loan Amount (Rs) | EMI Amount |
| ₹ 20,00,000.00 | ₹ 18,527.67 |
| ₹ 30,00,000.00 | ₹ 18,527.67 |
| ₹ 40,00,000.00 | ₹ 37,055.33 |
| ₹ 50,00,000.00 | ₹ 46,319.16 |
| ₹ 60,00,000.00 | ₹ 55,583.00 |
| ₹ 70,00,000.00 | ₹ 64,846.83 |
| ₹ 80,00,000.00 | ₹ 74,110.66 |
| ₹ 90,00,000.00 | ₹ 83,374.50 |
| ₹ 1,00,00,000.00 | ₹ 92,638.33 |
7/17
Rs 20 lakh-Rs 1 cr home loan at 10.50% interest rate
| 10.50% | |
| Loan Amount (Rs) | EMI Amount |
| ₹ 20,00,000.00 | ₹ 18,883.63 |
| ₹ 30,00,000.00 | ₹ 28,325.45 |
| ₹ 40,00,000.00 | ₹ 37,767.27 |
| ₹ 50,00,000.00 | ₹ 47,209.09 |
| ₹ 60,00,000.00 | ₹ 56,650.90 |
| ₹ 70,00,000.00 | ₹ 66,092.72 |
| ₹ 80,00,000.00 | ₹ 75,534.54 |
| ₹ 90,00,000.00 | ₹ 84,976.35 |
| ₹ 1,00,00,000.00 | ₹ 84,976.35 |
8/17
Rs 20 lakh-Rs 1 cr home loan at 10.75% interest rate
| 10.75% | |
| Loan Amount (Rs) | EMI Amount |
| ₹ 20,00,000.00 | ₹ 19,241.85 |
| ₹ 30,00,000.00 | ₹ 29,403.39 |
| ₹ 40,00,000.00 | ₹ 38,483.71 |
| ₹ 50,00,000.00 | ₹ 48,104.64 |
| ₹ 60,00,000.00 | ₹ 57,725.56 |
| ₹ 70,00,000.00 | ₹ 67,346.49 |
| ₹ 80,00,000.00 | ₹ 76,967.42 |
| ₹ 90,00,000.00 | ₹ 86,588.35 |
| ₹ 1,00,00,000.00 | ₹ 96,209.27 |
9/17
Rs 20 lakh-Rs 1 cr home loan at 11% interest rate
| 11% | |
| Loan Amount (Rs) | EMI Amount |
| ₹ 20,00,000.00 | ₹ 19,602.26 |
| ₹ 30,00,000.00 | ₹ 29,403.39 |
| ₹ 40,00,000.00 | ₹ 39,204.52 |
| ₹ 50,00,000.00 | ₹ 49,005.65 |
| ₹ 60,00,000.00 | ₹ 58,806.78 |
| ₹ 70,00,000.00 | ₹ 68,607.92 |
| ₹ 80,00,000.00 | ₹ 78,409.05 |
| ₹ 90,00,000.00 | ₹ 88,210.18 |
| ₹ 1,00,00,000.00 | ₹ 98,011.31 |
10/17
Rs 20 lakh-Rs 1 cr home loan at 11.25% interest rate
| 11.25% | |
| Loan Amount (Rs) | EMI Amount |
| ₹ 20,00,000.00 | ₹ 19,964.79 |
| ₹ 30,00,000.00 | ₹ 29,947.19 |
| ₹ 40,00,000.00 | ₹ 39,929.58 |
| ₹ 50,00,000.00 | ₹ 49,911.98 |
| ₹ 60,00,000.00 | ₹ 59,894.37 |
| ₹ 70,00,000.00 | ₹ 69,876.77 |
| ₹ 80,00,000.00 | ₹ 79,859.16 |
| ₹ 90,00,000.00 | ₹ 89,841.56 |
| ₹ 1,00,00,000.00 | ₹ 99,823.95 |
11/17
Rs 20 lakh-Rs 1 cr home loan at 11.5% interest rate
| 11.50% | |
| Loan Amount | EMI Amount |
| ₹ 20,00,000.00 | ₹ 20,329.38 |
| ₹ 30,00,000.00 | ₹ 30,494.07 |
| ₹ 40,00,000.00 | ₹ 40,658.76 |
| ₹ 50,00,000.00 | ₹ 50,823.45 |
| ₹ 60,00,000.00 | ₹ 60,988.14 |
| ₹ 70,00,000.00 | ₹ 71,152.83 |
| ₹ 80,00,000.00 | ₹ 81,317.52 |
| ₹ 90,00,000.00 | ₹ 91,482.21 |
| ₹ 1,00,00,000.00 | ₹ 1,01,646.90 |
12/17
Rs 20 lakh-Rs 1 cr home loan at 11.75% interest rate
| 11.75% | |
| Loan Amount | EMI Amount |
| ₹ 20,00,000.00 | ₹ 20,695.96 |
| ₹ 30,00,000.00 | ₹ 31,043.95 |
| ₹ 40,00,000.00 | ₹ 41,391.93 |
| ₹ 50,00,000.00 | ₹ 51,739.91 |
| ₹ 60,00,000.00 | ₹ 62,087.89 |
| ₹ 70,00,000.00 | ₹ 72,435.87 |
| ₹ 80,00,000.00 | ₹ 82,783.86 |
| ₹ 90,00,000.00 | ₹ 93,131.84 |
| ₹ 1,00,00,000.00 | ₹ 1,03,479.82 |
13/17
Rs 20 lakh-Rs 1 cr home loan at 12% interest rate
| 12% | |
| Loan Amount | EMI Amount |
| ₹ 20,00,000.00 | ₹ 21,064.48 |
| ₹ 30,00,000.00 | ₹ 31,596.72 |
| ₹ 40,00,000.00 | ₹ 42,128.97 |
| ₹ 50,00,000.00 | ₹ 52,661.21 |
| ₹ 60,00,000.00 | ₹ 63,193.45 |
| ₹ 70,00,000.00 | ₹ 73,725.69 |
| ₹ 80,00,000.00 | ₹ 84,257.93 |
| ₹ 90,00,000.00 | ₹ 94,790.17 |
| ₹ 1,00,00,000.00 | ₹ 1,05,322.41 |
14/17
Rs 20 lakh-Rs 1 cr home loan at 12.25% interest rate
| 12.25% | |
| Loan Amount | EMI Amount |
| ₹ 20,00,000.00 | ₹ 21,434.88 |
| ₹ 30,00,000.00 | ₹ 32,152.31 |
| ₹ 40,00,000.00 | ₹ 42,869.75 |
| ₹ 50,00,000.00 | ₹ 53,587.19 |
| ₹ 60,00,000.00 | ₹ 64,304.63 |
| ₹ 70,00,000.00 | ₹ 75,022.06 |
| ₹ 80,00,000.00 | ₹ 85,739.50 |
| ₹ 90,00,000.00 | ₹ 96,456.94 |
| ₹ 1,00,00,000.00 | ₹ 1,07,174.38 |
15/17
Rs 20 lakh-Rs 1 cr home loan at 12.50% interest rate
| 12.50% | |
| Loan Amount | EMI Amount |
| ₹ 20,00,000.00 | ₹ 21,807.08 |
| ₹ 30,00,000.00 | ₹ 32,710.62 |
| ₹ 40,00,000.00 | ₹ 43,614.17 |
| ₹ 50,00,000.00 | ₹ 54,517.71 |
| ₹ 60,00,000.00 | ₹ 65,421.25 |
| ₹ 70,00,000.00 | ₹ 76,324.79 |
| ₹ 80,00,000.00 | ₹ 87,228.33 |
| ₹ 90,00,000.00 | ₹ 98,131.87 |
| ₹ 1,00,00,000.00 | ₹ 1,09,035.41 |
16/17
Rs 20 lakh-Rs 1 cr home loan at 12.75% interest rate
| 12.75% | |
| Loan Amount | EMI Amount |
| ₹ 20,00,000.00 | ₹ 22,181.05 |
| ₹ 30,00,000.00 | ₹ 33,271.57 |
| ₹ 40,00,000.00 | ₹ 44,362.09 |
| ₹ 50,00,000.00 | ₹ 55,452.61 |
| ₹ 60,00,000.00 | ₹ 66,543.14 |
| ₹ 70,00,000.00 | ₹ 77,633.66 |
| ₹ 80,00,000.00 | ₹ 88,724.18 |
| ₹ 90,00,000.00 | ₹ 99,814.70 |
| ₹ 1,00,00,000.00 | ₹ 1,10,905.23 |
17/17
Rs 20 lakh-Rs 1 cr home loan at 13% interest rate
| 13% | |
| Loan Amount | EMI Amount |
| ₹ 20,00,000.00 | ₹ 22,556.71 |
| ₹ 30,00,000.00 | ₹ 33,835.06 |
| ₹ 40,00,000.00 | ₹ 45,113.41 |
| ₹ 50,00,000.00 | ₹ 56,391.77 |
| ₹ 60,00,000.00 | ₹ 67,670.12 |
| ₹ 70,00,000.00 | ₹ 78,948.47 |
| ₹ 80,00,000.00 | ₹ 90,226.82 |
| ₹ 90,00,000.00 | ₹ 1,01,505.18 |
| ₹ 1,00,00,000.00 | ₹ 1,12,783.53 |