Home Loan EMI on ₹45L at 10% for 15 Years
Complete home loan EMI calculation with amortization schedule
Monthly EMI
₹48,357
Total Interest
₹42,04,260
Total Payment
₹87,04,260
Your monthly home loan EMI is ₹48,357. Over 15 years, you pay ₹42,04,260 in interest — that's 93% of the loan amount. You can claim up to ₹2 lakh tax deduction on interest under Section 24(b).
| Year | Principal | Interest |
|---|---|---|
| 1 | ₹1,36,424 | ₹4,43,860 |
| 2 | ₹1,50,710 | ₹4,29,574 |
| 3 | ₹1,66,491 | ₹4,13,793 |
| 4 | ₹1,83,925 | ₹3,96,359 |
| 5 | ₹2,03,184 | ₹3,77,100 |
| 6 | ₹2,24,460 | ₹3,55,824 |
| 7 | ₹2,47,964 | ₹3,32,320 |
| 8 | ₹2,73,929 | ₹3,06,355 |
| 9 | ₹3,02,613 | ₹2,77,671 |
| 10 | ₹3,34,301 | ₹2,45,983 |
| 11 | ₹3,69,306 | ₹2,10,978 |
| 12 | ₹4,07,978 | ₹1,72,306 |
| 13 | ₹4,50,698 | ₹1,29,586 |
| 14 | ₹4,97,892 | ₹82,392 |
| 15 | ₹5,50,028 | ₹30,256 |
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹1,36,424 | ₹4,43,860 | ₹43,63,576 |
| 2 | ₹1,50,710 | ₹4,29,574 | ₹42,12,866 |
| 3 | ₹1,66,491 | ₹4,13,793 | ₹40,46,375 |
| 4 | ₹1,83,925 | ₹3,96,359 | ₹38,62,450 |
| 5 | ₹2,03,184 | ₹3,77,100 | ₹36,59,266 |
| 6 | ₹2,24,460 | ₹3,55,824 | ₹34,34,805 |
| 7 | ₹2,47,964 | ₹3,32,320 | ₹31,86,841 |
| 8 | ₹2,73,929 | ₹3,06,355 | ₹29,12,912 |
| 9 | ₹3,02,613 | ₹2,77,671 | ₹26,10,299 |
| 10 | ₹3,34,301 | ₹2,45,983 | ₹22,75,998 |
| 11 | ₹3,69,306 | ₹2,10,978 | ₹19,06,692 |
| 12 | ₹4,07,978 | ₹1,72,306 | ₹14,98,714 |
| 13 | ₹4,50,698 | ₹1,29,586 | ₹10,48,016 |
| 14 | ₹4,97,892 | ₹82,392 | ₹5,50,124 |
| 15 | ₹5,50,028 | ₹30,256 | ₹95 |
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.