Home Loan EMI on ₹1Cr at 10% for 15 Years
Complete home loan EMI calculation with amortization schedule
Monthly EMI
₹1,07,461
Total Interest
₹93,42,980
Total Payment
₹1,93,42,980
Your monthly home loan EMI is ₹1,07,461. Over 15 years, you pay ₹93,42,980 in interest — that's 93% of the loan amount. You can claim up to ₹2 lakh tax deduction on interest under Section 24(b).
| Year | Principal | Interest |
|---|---|---|
| 1 | ₹3,03,178 | ₹9,86,354 |
| 2 | ₹3,34,925 | ₹9,54,607 |
| 3 | ₹3,69,995 | ₹9,19,537 |
| 4 | ₹4,08,739 | ₹8,80,793 |
| 5 | ₹4,51,539 | ₹8,37,993 |
| 6 | ₹4,98,821 | ₹7,90,711 |
| 7 | ₹5,51,054 | ₹7,38,478 |
| 8 | ₹6,08,757 | ₹6,80,775 |
| 9 | ₹6,72,502 | ₹6,17,030 |
| 10 | ₹7,42,921 | ₹5,46,611 |
| 11 | ₹8,20,715 | ₹4,68,817 |
| 12 | ₹9,06,655 | ₹3,82,877 |
| 13 | ₹10,01,593 | ₹2,87,939 |
| 14 | ₹11,06,473 | ₹1,83,059 |
| 15 | ₹12,22,133 | ₹67,197 |
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹3,03,178 | ₹9,86,354 | ₹96,96,822 |
| 2 | ₹3,34,925 | ₹9,54,607 | ₹93,61,898 |
| 3 | ₹3,69,995 | ₹9,19,537 | ₹89,91,902 |
| 4 | ₹4,08,739 | ₹8,80,793 | ₹85,83,163 |
| 5 | ₹4,51,539 | ₹8,37,993 | ₹81,31,624 |
| 6 | ₹4,98,821 | ₹7,90,711 | ₹76,32,803 |
| 7 | ₹5,51,054 | ₹7,38,478 | ₹70,81,749 |
| 8 | ₹6,08,757 | ₹6,80,775 | ₹64,72,992 |
| 9 | ₹6,72,502 | ₹6,17,030 | ₹58,00,490 |
| 10 | ₹7,42,921 | ₹5,46,611 | ₹50,57,569 |
| 11 | ₹8,20,715 | ₹4,68,817 | ₹42,36,854 |
| 12 | ₹9,06,655 | ₹3,82,877 | ₹33,30,199 |
| 13 | ₹10,01,593 | ₹2,87,939 | ₹23,28,606 |
| 14 | ₹11,06,473 | ₹1,83,059 | ₹12,22,133 |
| 15 | ₹12,22,133 | ₹67,197 | ₹0 |
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.