Home Loan Rates 2026: What EMI You Pay Per ₹1 Lakh Borrowed

• Home loan rates in 2026 largely range between 8% and 12% across banks

• EMI depends heavily on interest rate and loan tenure

• Even a 1% rate change can add lakhs to total repayment

If you’re planning to buy a home in 2026, understanding your monthly EMI is one of the most important steps before committing to a property. With most banks linking home loan pricing to the RBI repo rate (currently at 5.25%), borrowers across India are seeing interest rates broadly ranging from 8% to 12%, depending on credit profile, income type, and lender policies.

To help homebuyers estimate affordability, here’s a quick snapshot of how much EMI you may pay for every ₹1 lakh borrowed, across common interest rates and loan tenures.

EMI Per ₹1 Lakh: Approximate Monthly Outgo

Your EMI mainly depends on two factors — interest rate and repayment tenure. While longer tenures reduce monthly burden, they significantly increase total interest paid over time.

Here’s an indicative breakup:

At 7% Interest

• 5 years: ₹1,980

• 10 years: ₹1,161

• 15 years: ₹899

• 20 years: ₹775

• 25 years: ₹707

At 8% Interest

• 5 years: ₹2,028

• 10 years: ₹1,213

• 15 years: ₹956

• 20 years: ₹836

• 25 years: ₹772

At 9% Interest

• 5 years: ₹2,076

• 10 years: ₹1,267

• 15 years: ₹1,014

• 20 years: ₹900

• 25 years: ₹839

At 10% Interest

• 5 years: ₹2,125

• 10 years: ₹1,322

• 15 years: ₹1,075

• 20 years: ₹965

• 25 years: ₹909

These figures are indicative. Actual EMIs may vary slightly based on bank calculations, processing fees, and borrower eligibility.

Also Read: SBI Home Loan: How Much Salary You Need for a ₹50 Lakh Loan

What Banks Are Offering in 2026

Currently, most major lenders are offering home loans starting from around 8%, with final rates depending on factors such as:

• Credit score

• Salaried vs self-employed status

• Property type and location

• Loan amount and tenure

Public sector banks generally remain on the lower end of pricing, while private lenders and NBFCs may quote higher rates, especially for self-employed borrowers or higher-risk profiles.

Some banks also offer preferential rates for salaried applicants and women borrowers.

Why Interest Rate Matters More Than You Think

A small change in interest rate can have a major impact over long tenures. For instance, on a ₹50 lakh loan for 20 years, even a 1% increase can raise your EMI by several thousand rupees each month and add several lakhs to your total repayment.

That’s why financial experts advise buyers to:

• Compare offers from multiple banks

• Check processing charges and hidden costs

• Maintain a strong CIBIL score

• Choose tenure wisely instead of focusing only on low EMI

• Prefer repo-linked loans to benefit faster from future rate cuts

Also Read: Should You Use EPF Money to Repay Your Home Loan?

Bottom Line

With Home Loan Rates 2026 still hovering in the 8–10% range for most borrowers, calculating EMI per ₹1 lakh gives a clear picture of affordability before finalising a property. Smart planning, careful lender comparison, and the right tenure choice can help save significant money over the life of your loan.

A few minutes of calculation today can translate into lakhs saved tomorrow.

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