₹2,000 Extra EMI can save ₹6.85 lakh on ₹1 crore home loan

A ₹1 crore home loan at 8.25% for 20 years carries an EMI of ₹85,207 and results in total interest payments of ₹1.04 crore. Increasing the EMI by just ₹2,000 to ₹87,207 reduces the loan tenure by around 13 months and lowers interest outgo to ₹97.65 lakh, generating savings of nearly ₹6.85 lakh.