In short
At 7.61%, the average rate on new housing loans from scheduled commercial banks in August 2026 (RBI, provisional), a ₹50 lakh home loan over 20 years costs an EMI of ₹40,617 a month; one more point of interest adds ₹3,123 a month. The RBI policy repo rate is 5.5% since 7 October 2026; most floating-rate home loans are linked to an external benchmark such as the repo rate, so a change in it passes into the EMI or the tenure.
EMI at 7.61%, by loan and tenure
| Loan | 15 years | 20 years | 25 years | 30 years |
|---|---|---|---|---|
| ₹25 lakh | ₹23,332 | ₹20,308 | ₹18,654 | ₹17,669 |
| ₹50 lakh | ₹46,664 | ₹40,617 | ₹37,308 | ₹35,338 |
| ₹1 crore | ₹93,327 | ₹81,233 | ₹74,616 | ₹70,676 |
Calculation with the formula above, at the RBI weighted average lending rate on fresh housing loans (August 2026, provisional). On outstanding housing loans, the average was 7.7%.