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Axis Bank ₹20 lakh Home Loan EMI for 20 Years
At the advertised starting rate of 8%, the EMI is about ₹16,729 a month, with total interest of about ₹20,14,912.
Source: Axis Bank official page, checked on November 2026 (2026-11-01).
These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.
Prepayment options (optional): pay extra to finish sooner
EMI at higher rates
| Rate | EMI | Total interest | Total payment |
|---|---|---|---|
| 8% (starting) | ₹16,729 | ₹20,14,912 | ₹40,14,912 |
| 8.5% | ₹17,356 | ₹21,65,552 | ₹41,65,552 |
| 9% | ₹17,995 | ₹23,18,685 | ₹43,18,685 |
| 9.5% | ₹18,643 | ₹24,74,230 | ₹44,74,230 |
| 10% | ₹19,300 | ₹26,32,104 | ₹46,32,104 |
Year-by-year repayment schedule at 8%
How much of each year's payments goes to principal and to interest, and what you still owe at the end of the year. Use the calculator above for a month-by-month view and prepayment options.
| Year | Principal | Interest | Paid | Balance left |
|---|---|---|---|---|
| Year 1 | ₹42,273 | ₹1,58,472 | ₹2,00,746 | ₹19,57,727 |
| Year 2 | ₹45,782 | ₹1,54,964 | ₹2,00,746 | ₹19,11,945 |
| Year 3 | ₹49,582 | ₹1,51,164 | ₹2,00,746 | ₹18,62,363 |
| Year 4 | ₹53,697 | ₹1,47,048 | ₹2,00,746 | ₹18,08,666 |
| Year 5 | ₹58,154 | ₹1,42,592 | ₹2,00,746 | ₹17,50,512 |
| Year 6 | ₹62,981 | ₹1,37,765 | ₹2,00,746 | ₹16,87,531 |
| Year 7 | ₹68,208 | ₹1,32,538 | ₹2,00,746 | ₹16,19,323 |
| Year 8 | ₹73,869 | ₹1,26,876 | ₹2,00,746 | ₹15,45,454 |
| Year 9 | ₹80,000 | ₹1,20,745 | ₹2,00,746 | ₹14,65,453 |
| Year 10 | ₹86,640 | ₹1,14,105 | ₹2,00,746 | ₹13,78,813 |
| Year 11 | ₹93,832 | ₹1,06,914 | ₹2,00,746 | ₹12,84,981 |
| Year 12 | ₹1,01,620 | ₹99,126 | ₹2,00,746 | ₹11,83,361 |
| Year 13 | ₹1,10,054 | ₹90,692 | ₹2,00,746 | ₹10,73,308 |
| Year 14 | ₹1,19,188 | ₹81,557 | ₹2,00,746 | ₹9,54,119 |
| Year 15 | ₹1,29,081 | ₹71,665 | ₹2,00,746 | ₹8,25,038 |
| Year 16 | ₹1,39,795 | ₹60,951 | ₹2,00,746 | ₹6,85,244 |
| Year 17 | ₹1,51,397 | ₹49,348 | ₹2,00,746 | ₹5,33,846 |
| Year 18 | ₹1,63,963 | ₹36,782 | ₹2,00,746 | ₹3,69,883 |
| Year 19 | ₹1,77,572 | ₹23,173 | ₹2,00,746 | ₹1,92,311 |
| Year 20 | ₹1,92,311 | ₹8,435 | ₹2,00,746 | ₹0 |
Frequently asked questions
What is the EMI for a ₹20 lakh Axis Bank home loan for 20 years?
At Axis Bank's starting rate of 8% the EMI is about ₹16,729 a month. If your offered rate is 9% it would be about ₹17,995.
How much total interest will I pay?
At 8% the total interest over 20 years is about ₹20,14,912, so you repay about ₹40,14,912 in all.