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Indian Bank ₹20 lakh Home Loan EMI for 20 Years
At the advertised starting rate of 7.35%, the EMI is about ₹15,929 a month, with total interest of about ₹18,22,942.
Source: Indian 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 |
|---|---|---|---|
| 7.35% (starting) | ₹15,929 | ₹18,22,942 | ₹38,22,942 |
| 7.85% | ₹16,543 | ₹19,70,219 | ₹39,70,219 |
| 8.35% | ₹17,167 | ₹21,20,094 | ₹41,20,094 |
| 8.85% | ₹17,802 | ₹22,72,488 | ₹42,72,488 |
| 9.35% | ₹18,447 | ₹24,27,318 | ₹44,27,318 |
Year-by-year repayment schedule at 7.35%
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 | ₹45,665 | ₹1,45,482 | ₹1,91,147 | ₹19,54,335 |
| Year 2 | ₹49,137 | ₹1,42,010 | ₹1,91,147 | ₹19,05,198 |
| Year 3 | ₹52,873 | ₹1,38,274 | ₹1,91,147 | ₹18,52,325 |
| Year 4 | ₹56,892 | ₹1,34,255 | ₹1,91,147 | ₹17,95,433 |
| Year 5 | ₹61,218 | ₹1,29,929 | ₹1,91,147 | ₹17,34,215 |
| Year 6 | ₹65,872 | ₹1,25,275 | ₹1,91,147 | ₹16,68,343 |
| Year 7 | ₹70,880 | ₹1,20,267 | ₹1,91,147 | ₹15,97,463 |
| Year 8 | ₹76,269 | ₹1,14,878 | ₹1,91,147 | ₹15,21,195 |
| Year 9 | ₹82,067 | ₹1,09,080 | ₹1,91,147 | ₹14,39,127 |
| Year 10 | ₹88,307 | ₹1,02,840 | ₹1,91,147 | ₹13,50,821 |
| Year 11 | ₹95,020 | ₹96,127 | ₹1,91,147 | ₹12,55,800 |
| Year 12 | ₹1,02,245 | ₹88,903 | ₹1,91,147 | ₹11,53,556 |
| Year 13 | ₹1,10,018 | ₹81,129 | ₹1,91,147 | ₹10,43,538 |
| Year 14 | ₹1,18,382 | ₹72,765 | ₹1,91,147 | ₹9,25,155 |
| Year 15 | ₹1,27,383 | ₹63,764 | ₹1,91,147 | ₹7,97,773 |
| Year 16 | ₹1,37,067 | ₹54,080 | ₹1,91,147 | ₹6,60,705 |
| Year 17 | ₹1,47,488 | ₹43,659 | ₹1,91,147 | ₹5,13,217 |
| Year 18 | ₹1,58,701 | ₹32,446 | ₹1,91,147 | ₹3,54,516 |
| Year 19 | ₹1,70,767 | ₹20,380 | ₹1,91,147 | ₹1,83,750 |
| Year 20 | ₹1,83,750 | ₹7,397 | ₹1,91,147 | ₹0 |
Frequently asked questions
What is the EMI for a ₹20 lakh Indian Bank home loan for 20 years?
At Indian Bank's starting rate of 7.35% the EMI is about ₹15,929 a month. If your offered rate is 8.35% it would be about ₹17,167.
How much total interest will I pay?
At 7.35% the total interest over 20 years is about ₹18,22,942, so you repay about ₹38,22,942 in all.