Home Loan EMI on ₹1Cr at 11% for 10 Years
Complete home loan EMI calculation with amortization schedule
Monthly EMI
₹1,37,750
Total Interest
₹65,30,000
Total Payment
₹1,65,30,000
Your monthly home loan EMI is ₹1,37,750. Over 10 years, you pay ₹65,30,000 in interest — that's 65% of the loan amount. You can claim up to ₹2 lakh tax deduction on interest under Section 24(b).
| Year | Principal | Interest |
|---|---|---|
| 1 | ₹5,81,750 | ₹10,71,250 |
| 2 | ₹6,49,070 | ₹10,03,930 |
| 3 | ₹7,24,179 | ₹9,28,821 |
| 4 | ₹8,07,980 | ₹8,45,020 |
| 5 | ₹9,01,479 | ₹7,51,521 |
| 6 | ₹10,05,797 | ₹6,47,203 |
| 7 | ₹11,22,187 | ₹5,30,813 |
| 8 | ₹12,52,045 | ₹4,00,955 |
| 9 | ₹13,96,930 | ₹2,56,070 |
| 10 | ₹15,58,581 | ₹94,419 |
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹5,81,750 | ₹10,71,250 | ₹94,18,250 |
| 2 | ₹6,49,070 | ₹10,03,930 | ₹87,69,180 |
| 3 | ₹7,24,179 | ₹9,28,821 | ₹80,45,001 |
| 4 | ₹8,07,980 | ₹8,45,020 | ₹72,37,021 |
| 5 | ₹9,01,479 | ₹7,51,521 | ₹63,35,542 |
| 6 | ₹10,05,797 | ₹6,47,203 | ₹53,29,745 |
| 7 | ₹11,22,187 | ₹5,30,813 | ₹42,07,558 |
| 8 | ₹12,52,045 | ₹4,00,955 | ₹29,55,513 |
| 9 | ₹13,96,930 | ₹2,56,070 | ₹15,58,583 |
| 10 | ₹15,58,581 | ₹94,419 | ₹2 |
Tax Benefits on Home Loan
Under Section 24(b), you can claim a deduction of up to ₹2 lakh per year on home loan interest for self-occupied property. Under Section 80C, principal repayment up to ₹1.5 lakh qualifies for deduction. These benefits can save you significant tax over the loan tenure.