Home Loan EMI on ₹1Cr at 9% for 15 Years
Complete home loan EMI calculation with amortization schedule
Monthly EMI
₹1,01,427
Total Interest
₹82,56,860
Total Payment
₹1,82,56,860
Your monthly home loan EMI is ₹1,01,427. Over 15 years, you pay ₹82,56,860 in interest — that's 83% of the loan amount. You can claim up to ₹2 lakh tax deduction on interest under Section 24(b).
| Year | Principal | Interest |
|---|---|---|
| 1 | ₹3,30,538 | ₹8,86,586 |
| 2 | ₹3,61,545 | ₹8,55,579 |
| 3 | ₹3,95,460 | ₹8,21,664 |
| 4 | ₹4,32,557 | ₹7,84,567 |
| 5 | ₹4,73,134 | ₹7,43,990 |
| 6 | ₹5,17,517 | ₹6,99,607 |
| 7 | ₹5,66,064 | ₹6,51,060 |
| 8 | ₹6,19,164 | ₹5,97,960 |
| 9 | ₹6,77,246 | ₹5,39,878 |
| 10 | ₹7,40,777 | ₹4,76,347 |
| 11 | ₹8,10,267 | ₹4,06,857 |
| 12 | ₹8,86,275 | ₹3,30,849 |
| 13 | ₹9,69,414 | ₹2,47,710 |
| 14 | ₹10,60,352 | ₹1,56,772 |
| 15 | ₹11,59,691 | ₹57,304 |
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹3,30,538 | ₹8,86,586 | ₹96,69,462 |
| 2 | ₹3,61,545 | ₹8,55,579 | ₹93,07,917 |
| 3 | ₹3,95,460 | ₹8,21,664 | ₹89,12,457 |
| 4 | ₹4,32,557 | ₹7,84,567 | ₹84,79,900 |
| 5 | ₹4,73,134 | ₹7,43,990 | ₹80,06,766 |
| 6 | ₹5,17,517 | ₹6,99,607 | ₹74,89,249 |
| 7 | ₹5,66,064 | ₹6,51,060 | ₹69,23,186 |
| 8 | ₹6,19,164 | ₹5,97,960 | ₹63,04,021 |
| 9 | ₹6,77,246 | ₹5,39,878 | ₹56,26,775 |
| 10 | ₹7,40,777 | ₹4,76,347 | ₹48,85,998 |
| 11 | ₹8,10,267 | ₹4,06,857 | ₹40,75,732 |
| 12 | ₹8,86,275 | ₹3,30,849 | ₹31,89,456 |
| 13 | ₹9,69,414 | ₹2,47,710 | ₹22,20,042 |
| 14 | ₹10,60,352 | ₹1,56,772 | ₹11,59,691 |
| 15 | ₹11,59,691 | ₹57,304 | ₹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.