Home Loan EMI on ₹1Cr at 8.5% for 15 Years
Complete home loan EMI calculation with amortization schedule
Monthly EMI
₹98,474
Total Interest
₹77,25,320
Total Payment
₹1,77,25,320
Your monthly home loan EMI is ₹98,474. Over 15 years, you pay ₹77,25,320 in interest — that's 77% of the loan amount. You can claim up to ₹2 lakh tax deduction on interest under Section 24(b).
| Year | Principal | Interest |
|---|---|---|
| 1 | ₹3,44,920 | ₹8,36,768 |
| 2 | ₹3,75,408 | ₹8,06,280 |
| 3 | ₹4,08,590 | ₹7,73,098 |
| 4 | ₹4,44,706 | ₹7,36,982 |
| 5 | ₹4,84,014 | ₹6,97,674 |
| 6 | ₹5,26,797 | ₹6,54,891 |
| 7 | ₹5,73,361 | ₹6,08,327 |
| 8 | ₹6,24,040 | ₹5,57,648 |
| 9 | ₹6,79,200 | ₹5,02,488 |
| 10 | ₹7,39,235 | ₹4,42,453 |
| 11 | ₹8,04,577 | ₹3,77,111 |
| 12 | ₹8,75,694 | ₹3,05,994 |
| 13 | ₹9,53,097 | ₹2,28,591 |
| 14 | ₹10,37,343 | ₹1,44,345 |
| 15 | ₹11,29,018 | ₹52,654 |
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹3,44,920 | ₹8,36,768 | ₹96,55,080 |
| 2 | ₹3,75,408 | ₹8,06,280 | ₹92,79,672 |
| 3 | ₹4,08,590 | ₹7,73,098 | ₹88,71,082 |
| 4 | ₹4,44,706 | ₹7,36,982 | ₹84,26,376 |
| 5 | ₹4,84,014 | ₹6,97,674 | ₹79,42,361 |
| 6 | ₹5,26,797 | ₹6,54,891 | ₹74,15,565 |
| 7 | ₹5,73,361 | ₹6,08,327 | ₹68,42,204 |
| 8 | ₹6,24,040 | ₹5,57,648 | ₹62,18,164 |
| 9 | ₹6,79,200 | ₹5,02,488 | ₹55,38,964 |
| 10 | ₹7,39,235 | ₹4,42,453 | ₹47,99,729 |
| 11 | ₹8,04,577 | ₹3,77,111 | ₹39,95,152 |
| 12 | ₹8,75,694 | ₹3,05,994 | ₹31,19,458 |
| 13 | ₹9,53,097 | ₹2,28,591 | ₹21,66,361 |
| 14 | ₹10,37,343 | ₹1,44,345 | ₹11,29,018 |
| 15 | ₹11,29,018 | ₹52,654 | ₹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.