Home Loan EMI on ₹35L at 10.5% for 15 Years
Complete home loan EMI calculation with amortization schedule
Monthly EMI
₹38,689
Total Interest
₹34,64,020
Total Payment
₹69,64,020
Your monthly home loan EMI is ₹38,689. Over 15 years, you pay ₹34,64,020 in interest — that's 99% of the loan amount. You can claim up to ₹2 lakh tax deduction on interest under Section 24(b).
| Year | Principal | Interest |
|---|---|---|
| 1 | ₹1,01,563 | ₹3,62,705 |
| 2 | ₹1,12,756 | ₹3,51,512 |
| 3 | ₹1,25,182 | ₹3,39,086 |
| 4 | ₹1,38,978 | ₹3,25,290 |
| 5 | ₹1,54,294 | ₹3,09,974 |
| 6 | ₹1,71,297 | ₹2,92,971 |
| 7 | ₹1,90,175 | ₹2,74,093 |
| 8 | ₹2,11,133 | ₹2,53,135 |
| 9 | ₹2,34,400 | ₹2,29,868 |
| 10 | ₹2,60,232 | ₹2,04,036 |
| 11 | ₹2,88,911 | ₹1,75,357 |
| 12 | ₹3,20,749 | ₹1,43,519 |
| 13 | ₹3,56,097 | ₹1,08,171 |
| 14 | ₹3,95,340 | ₹68,928 |
| 15 | ₹4,38,892 | ₹25,360 |
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹1,01,563 | ₹3,62,705 | ₹33,98,437 |
| 2 | ₹1,12,756 | ₹3,51,512 | ₹32,85,680 |
| 3 | ₹1,25,182 | ₹3,39,086 | ₹31,60,498 |
| 4 | ₹1,38,978 | ₹3,25,290 | ₹30,21,520 |
| 5 | ₹1,54,294 | ₹3,09,974 | ₹28,67,227 |
| 6 | ₹1,71,297 | ₹2,92,971 | ₹26,95,929 |
| 7 | ₹1,90,175 | ₹2,74,093 | ₹25,05,755 |
| 8 | ₹2,11,133 | ₹2,53,135 | ₹22,94,622 |
| 9 | ₹2,34,400 | ₹2,29,868 | ₹20,60,221 |
| 10 | ₹2,60,232 | ₹2,04,036 | ₹17,99,989 |
| 11 | ₹2,88,911 | ₹1,75,357 | ₹15,11,079 |
| 12 | ₹3,20,749 | ₹1,43,519 | ₹11,90,329 |
| 13 | ₹3,56,097 | ₹1,08,171 | ₹8,34,232 |
| 14 | ₹3,95,340 | ₹68,928 | ₹4,38,892 |
| 15 | ₹4,38,892 | ₹25,360 | ₹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.