Home Loan EMI on ₹35L at 9% for 15 Years
Complete home loan EMI calculation with amortization schedule
Monthly EMI
₹35,499
Total Interest
₹28,89,820
Total Payment
₹63,89,820
Your monthly home loan EMI is ₹35,499. Over 15 years, you pay ₹28,89,820 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 | ₹1,15,683 | ₹3,10,305 |
| 2 | ₹1,26,534 | ₹2,99,454 |
| 3 | ₹1,38,404 | ₹2,87,584 |
| 4 | ₹1,51,388 | ₹2,74,600 |
| 5 | ₹1,65,589 | ₹2,60,399 |
| 6 | ₹1,81,122 | ₹2,44,866 |
| 7 | ₹1,98,113 | ₹2,27,875 |
| 8 | ₹2,16,697 | ₹2,09,291 |
| 9 | ₹2,37,025 | ₹1,88,963 |
| 10 | ₹2,59,259 | ₹1,66,729 |
| 11 | ₹2,83,580 | ₹1,42,408 |
| 12 | ₹3,10,181 | ₹1,15,807 |
| 13 | ₹3,39,278 | ₹86,710 |
| 14 | ₹3,71,105 | ₹54,883 |
| 15 | ₹4,05,917 | ₹20,071 |
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹1,15,683 | ₹3,10,305 | ₹33,84,317 |
| 2 | ₹1,26,534 | ₹2,99,454 | ₹32,57,783 |
| 3 | ₹1,38,404 | ₹2,87,584 | ₹31,19,379 |
| 4 | ₹1,51,388 | ₹2,74,600 | ₹29,67,991 |
| 5 | ₹1,65,589 | ₹2,60,399 | ₹28,02,402 |
| 6 | ₹1,81,122 | ₹2,44,866 | ₹26,21,280 |
| 7 | ₹1,98,113 | ₹2,27,875 | ₹24,23,167 |
| 8 | ₹2,16,697 | ₹2,09,291 | ₹22,06,470 |
| 9 | ₹2,37,025 | ₹1,88,963 | ₹19,69,446 |
| 10 | ₹2,59,259 | ₹1,66,729 | ₹17,10,186 |
| 11 | ₹2,83,580 | ₹1,42,408 | ₹14,26,607 |
| 12 | ₹3,10,181 | ₹1,15,807 | ₹11,16,426 |
| 13 | ₹3,39,278 | ₹86,710 | ₹7,77,147 |
| 14 | ₹3,71,105 | ₹54,883 | ₹4,06,042 |
| 15 | ₹4,05,917 | ₹20,071 | ₹125 |
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.