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₹1 Crore Home Loan EMI: Bank-wise EMI for 5–30 Years

Rakhi Mishra

Oct 30, 2026 · 3 min read

₹1 Crore Home Loan EMI: Bank-wise EMI for 5–30 Years

The EMI on a ₹1 crore home loan is ₹79,949 a month over 20 years at 7.40% p.a., the lowest starting rate among large banks in October 2026 (Bank of Baroda, Canara Bank, Union Bank of India). Over 30 years it falls to ₹69,238; at 8.50%, a typical rate for a lower credit score, the 20-year EMI is ₹86,782.

₹1 crore home loan EMI by tenure and rate

Tenure	7.40%	8.00%	8.50%	9.00%	9.50%
5 years	₹1,99,905	₹2,02,764	₹2,05,165	₹2,07,584	₹2,10,019
10 years	₹1,18,181	₹1,21,328	₹1,23,986	₹1,26,676	₹1,29,398
15 years	₹92,134	₹95,565	₹98,474	₹1,01,427	₹1,04,422
20 years	₹79,949	₹83,644	₹86,782	₹89,973	₹93,213
25 years	₹73,250	₹77,182	₹80,523	₹83,920	₹87,370
30 years	₹69,238	₹73,376	₹76,891	₹80,462	₹84,085

Monthly EMI on ₹1 crore, reducing-balance method. Each column is a fixed annual rate for the full tenure.

₹1 crore home loan EMI at each bank

Bank	Starting rate	EMI, 20 years	Total interest, 20 years
Bank of Baroda	7.40%	₹79,949	₹91,87,751
Canara Bank	7.40%	₹79,949	₹91,87,751
Union Bank of India	7.40%	₹79,949	₹91,87,751
Central Bank of India	7.45%	₹80,254	₹92,60,927
Punjab National Bank	7.45%	₹80,254	₹92,60,927
State Bank of India	7.50%	₹80,559	₹93,34,237
Kotak Mahindra Bank	7.60%	₹81,172	₹94,81,253
Axis Bank	8.00%	₹83,644	₹1,00,74,562
HDFC Bank	8.00%	₹83,644	₹1,00,74,562
ICICI Bank	8.75%	₹88,371	₹1,12,09,057

Starting rates from each bank's official rate page, checked 26 October 2026. Starting rates go to borrowers with high credit scores; your offer depends on CIBIL score, income type and loan amount. The RBI raised the repo rate to 5.50% on 7 October 2026.

Property value and down payment for a ₹1 crore loan

RBI rules cap a housing loan above ₹75 lakh at 75% of the property value. To borrow ₹1 crore, the property must be worth at least ₹1,33,33,333, so the down payment is at least ₹33,33,333. Stamp duty and registration are extra and are not funded by the loan.

Salary needed for a ₹1 crore home loan

Tenure	EMI at 7.40%	Net monthly income if EMI is 50% of income	If EMI is 60% of income
15 years	₹92,134	₹1,84,268	₹1,53,556
20 years	₹79,949	₹1,59,898	₹1,33,248
25 years	₹73,250	₹1,46,500	₹1,22,083
30 years	₹69,238	₹1,38,476	₹1,15,397

Lenders usually keep all EMIs, including this one, within 50–60% of net monthly income for salaried borrowers; existing EMIs reduce the amount you qualify for.

Total cost of a ₹1 crore home loan

Tenure	EMI	Total interest	Total repaid
10 years	₹1,18,181	₹41,81,660	₹1,41,81,660
15 years	₹92,134	₹65,84,099	₹1,65,84,099
20 years	₹79,949	₹91,87,751	₹1,91,87,751
25 years	₹73,250	₹1,19,74,966	₹2,19,74,966
30 years	₹69,238	₹1,49,25,673	₹2,49,25,673

Paying an extra 5% of the loan (₹5,00,000) once a year on a 20-year loan at 7.40% saves ₹49,54,983 in interest and ends the loan 120 months early. Floating-rate home loans to individuals carry no prepayment penalty.

What changes at ₹1 crore

Above ₹75 lakh the RBI loan-to-value cap drops to 75%, so a ₹1 crore loan needs a property of at least ₹1,33,33,333. Several banks price large loans differently: Bank of Baroda's range is 7.40%–9.15% up to ₹75 lakh and 7.65%–9.40% above it, while Canara Bank's lowest grade rate falls to 7.40% for loans above ₹1 crore.

Tax benefit on a ₹1 crore home loan

In year 1 at 7.40% over 20 years you pay about ₹7,32,404 as interest and ₹2,26,984 as principal. Under the old tax regime, interest on a self-occupied home is deductible up to ₹2 lakh a year and principal repayment up to ₹1.5 lakh a year (Sections 24(b) and 80C of the Income-tax Act, 1961; the same limits continue under the Income-tax Act, 2025 from tax year 2026-27). The new tax regime does not allow these deductions for a self-occupied home.

Work out your own figure with the home loan EMI calculator or the prepayment calculator, and compare offers on the home loan interest rates page.