In short
At 7.68%, the average rate on new housing loans from scheduled commercial banks in September 2026 (RBI, provisional), a ₹50 lakh home loan over 20 years costs an EMI of ₹40,832 a month; one more point of interest adds ₹3,131 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 7.68%, by loan and tenure
| Loan | 15 years | 20 years | 25 years | 30 years |
|---|---|---|---|---|
| ₹25 lakh | ₹23,432 | ₹20,416 | ₹18,768 | ₹17,790 |
| ₹50 lakh | ₹46,864 | ₹40,832 | ₹37,537 | ₹35,579 |
| ₹1 crore | ₹93,727 | ₹81,664 | ₹75,074 | ₹71,158 |
Calculation with the formula above, at the RBI weighted average lending rate on fresh housing loans (September 2026, provisional). On outstanding housing loans, the average was 7.68%.
Before you borrow
Payotte study: home loan rates published by 14 lenders.
General information drawn from the official sources cited and dated on this page. It is not legal, tax or financial advice: for your own situation, ask a licensed professional.