People can save nearly ₹20 lakh on a ₹50 lakh home loan by paying one extra EMI every year. On a 25-year loan at 8.5% interest, starting an annual extra EMI of ₹40,261 from the second year can cut interest by about ₹18.3 lakh, reducing the total amount paid, reported NDTVProfit. It can shorten loan tenure by nearly 5.6 years.