Home Loan EMI on ₹1Cr at 9% for 20 Years
Complete home loan EMI calculation with amortization schedule
Monthly EMI
₹89,973
Total Interest
₹1,15,93,520
Total Payment
₹2,15,93,520
Your monthly home loan EMI is ₹89,973. Over 20 years, you pay ₹1,15,93,520 in interest — that's 116% of the loan amount. You can claim up to ₹2 lakh tax deduction on interest under Section 24(b).
| Year | Principal | Interest |
|---|---|---|
| 1 | ₹1,87,276 | ₹8,92,400 |
| 2 | ₹2,04,844 | ₹8,74,832 |
| 3 | ₹2,24,060 | ₹8,55,616 |
| 4 | ₹2,45,078 | ₹8,34,598 |
| 5 | ₹2,68,068 | ₹8,11,608 |
| 6 | ₹2,93,215 | ₹7,86,461 |
| 7 | ₹3,20,720 | ₹7,58,956 |
| 8 | ₹3,50,806 | ₹7,28,870 |
| 9 | ₹3,83,714 | ₹6,95,962 |
| 10 | ₹4,19,709 | ₹6,59,967 |
| 11 | ₹4,59,081 | ₹6,20,595 |
| 12 | ₹5,02,145 | ₹5,77,531 |
| 13 | ₹5,49,250 | ₹5,30,426 |
| 14 | ₹6,00,774 | ₹4,78,902 |
| 15 | ₹6,57,130 | ₹4,22,546 |
| 16 | ₹7,18,774 | ₹3,60,902 |
| 17 | ₹7,86,200 | ₹2,93,476 |
| 18 | ₹8,59,951 | ₹2,19,725 |
| 19 | ₹9,40,620 | ₹1,39,056 |
| 20 | ₹10,28,586 | ₹50,819 |
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹1,87,276 | ₹8,92,400 | ₹98,12,724 |
| 2 | ₹2,04,844 | ₹8,74,832 | ₹96,07,880 |
| 3 | ₹2,24,060 | ₹8,55,616 | ₹93,83,820 |
| 4 | ₹2,45,078 | ₹8,34,598 | ₹91,38,742 |
| 5 | ₹2,68,068 | ₹8,11,608 | ₹88,70,674 |
| 6 | ₹2,93,215 | ₹7,86,461 | ₹85,77,460 |
| 7 | ₹3,20,720 | ₹7,58,956 | ₹82,56,740 |
| 8 | ₹3,50,806 | ₹7,28,870 | ₹79,05,934 |
| 9 | ₹3,83,714 | ₹6,95,962 | ₹75,22,220 |
| 10 | ₹4,19,709 | ₹6,59,967 | ₹71,02,511 |
| 11 | ₹4,59,081 | ₹6,20,595 | ₹66,43,430 |
| 12 | ₹5,02,145 | ₹5,77,531 | ₹61,41,285 |
| 13 | ₹5,49,250 | ₹5,30,426 | ₹55,92,034 |
| 14 | ₹6,00,774 | ₹4,78,902 | ₹49,91,261 |
| 15 | ₹6,57,130 | ₹4,22,546 | ₹43,34,130 |
| 16 | ₹7,18,774 | ₹3,60,902 | ₹36,15,357 |
| 17 | ₹7,86,200 | ₹2,93,476 | ₹28,29,157 |
| 18 | ₹8,59,951 | ₹2,19,725 | ₹19,69,206 |
| 19 | ₹9,40,620 | ₹1,39,056 | ₹10,28,586 |
| 20 | ₹10,28,586 | ₹50,819 | ₹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.