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₹75 Lakh Home Loan EMI: Bank-wise EMI for 5–30 Years

Rakhi Mishra

Nov 1, 2026 · 3 min read

₹75 Lakh Home Loan EMI: Bank-wise EMI for 5–30 Years

The EMI on a ₹75 lakh home loan is ₹59,962 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 ₹51,928; at 8.50%, a typical rate for a lower credit score, the 20-year EMI is ₹65,087.

₹75 lakh home loan EMI by tenure and rate

Tenure	7.40%	8.00%	8.50%	9.00%	9.50%
5 years	₹1,49,928	₹1,52,073	₹1,53,874	₹1,55,688	₹1,57,514
10 years	₹88,635	₹90,996	₹92,989	₹95,007	₹97,048
15 years	₹69,100	₹71,674	₹73,855	₹76,070	₹78,317
20 years	₹59,962	₹62,733	₹65,087	₹67,479	₹69,910
25 years	₹54,937	₹57,886	₹60,392	₹62,940	₹65,527
30 years	₹51,928	₹55,032	₹57,669	₹60,347	₹63,064

Monthly EMI on ₹75 lakh, reducing-balance method. Each column is a fixed annual rate for the full tenure.

₹75 lakh home loan EMI at each bank

Bank	Starting rate	EMI, 20 years	Total interest, 20 years
Bank of Baroda	7.40%	₹59,962	₹68,90,813
Canara Bank	7.40%	₹59,962	₹68,90,813
Union Bank of India	7.40%	₹59,962	₹68,90,813
Central Bank of India	7.45%	₹60,190	₹69,45,695
Punjab National Bank	7.45%	₹60,190	₹69,45,695
State Bank of India	7.50%	₹60,419	₹70,00,677
Kotak Mahindra Bank	7.60%	₹60,879	₹71,10,940
Axis Bank	8.00%	₹62,733	₹75,55,921
HDFC Bank	8.00%	₹62,733	₹75,55,921
ICICI Bank	8.75%	₹66,278	₹84,06,793

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 ₹75 lakh loan

RBI rules cap a housing loan above ₹30 lakh and up to ₹75 lakh at 80% of the property value. To borrow ₹75 lakh, the property must be worth at least ₹93,75,000, so the down payment is at least ₹18,75,000. Stamp duty and registration are extra and are not funded by the loan.

Salary needed for a ₹75 lakh home loan

Tenure	EMI at 7.40%	Net monthly income if EMI is 50% of income	If EMI is 60% of income
15 years	₹69,100	₹1,38,201	₹1,15,167
20 years	₹59,962	₹1,19,923	₹99,936
25 years	₹54,937	₹1,09,875	₹91,562
30 years	₹51,928	₹1,03,857	₹86,547

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 ₹75 lakh home loan

Tenure	EMI	Total interest	Total repaid
10 years	₹88,635	₹31,36,245	₹1,06,36,245
15 years	₹69,100	₹49,38,074	₹1,24,38,074
20 years	₹59,962	₹68,90,813	₹1,43,90,813
25 years	₹54,937	₹89,81,225	₹1,64,81,225
30 years	₹51,928	₹1,11,94,255	₹1,86,94,255

Paying an extra 5% of the loan (₹3,75,000) once a year on a 20-year loan at 7.40% saves ₹37,16,237 in interest and ends the loan 120 months early. Floating-rate home loans to individuals carry no prepayment penalty.

Tax benefit on a ₹75 lakh home loan

In year 1 at 7.40% over 20 years you pay about ₹5,49,303 as interest and ₹1,70,238 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.