Home Loan EMI on ₹25L at 9.5% for 15 Years
Complete home loan EMI calculation with amortization schedule
Monthly EMI
₹26,106
Total Interest
₹21,99,080
Total Payment
₹46,99,080
Your monthly home loan EMI is ₹26,106. Over 15 years, you pay ₹21,99,080 in interest — that's 88% of the loan amount. You can claim up to ₹2 lakh tax deduction on interest under Section 24(b).
| Year | Principal | Interest |
|---|---|---|
| 1 | ₹79,160 | ₹2,34,112 |
| 2 | ₹87,016 | ₹2,26,256 |
| 3 | ₹95,652 | ₹2,17,620 |
| 4 | ₹1,05,146 | ₹2,08,126 |
| 5 | ₹1,15,581 | ₹1,97,691 |
| 6 | ₹1,27,052 | ₹1,86,220 |
| 7 | ₹1,39,662 | ₹1,73,610 |
| 8 | ₹1,53,523 | ₹1,59,749 |
| 9 | ₹1,68,760 | ₹1,44,512 |
| 10 | ₹1,85,509 | ₹1,27,763 |
| 11 | ₹2,03,920 | ₹1,09,352 |
| 12 | ₹2,24,159 | ₹89,113 |
| 13 | ₹2,46,406 | ₹66,866 |
| 14 | ₹2,70,861 | ₹42,411 |
| 15 | ₹2,97,592 | ₹15,528 |
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹79,160 | ₹2,34,112 | ₹24,20,840 |
| 2 | ₹87,016 | ₹2,26,256 | ₹23,33,824 |
| 3 | ₹95,652 | ₹2,17,620 | ₹22,38,171 |
| 4 | ₹1,05,146 | ₹2,08,126 | ₹21,33,026 |
| 5 | ₹1,15,581 | ₹1,97,691 | ₹20,17,444 |
| 6 | ₹1,27,052 | ₹1,86,220 | ₹18,90,392 |
| 7 | ₹1,39,662 | ₹1,73,610 | ₹17,50,730 |
| 8 | ₹1,53,523 | ₹1,59,749 | ₹15,97,207 |
| 9 | ₹1,68,760 | ₹1,44,512 | ₹14,28,447 |
| 10 | ₹1,85,509 | ₹1,27,763 | ₹12,42,938 |
| 11 | ₹2,03,920 | ₹1,09,352 | ₹10,39,018 |
| 12 | ₹2,24,159 | ₹89,113 | ₹8,14,859 |
| 13 | ₹2,46,406 | ₹66,866 | ₹5,68,453 |
| 14 | ₹2,70,861 | ₹42,411 | ₹2,97,592 |
| 15 | ₹2,97,592 | ₹15,528 | ₹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.