Home Loan EMI on ₹45L at 10.5% for 15 Years
Complete home loan EMI calculation with amortization schedule
Monthly EMI
₹49,743
Total Interest
₹44,53,740
Total Payment
₹89,53,740
Your monthly home loan EMI is ₹49,743. Over 15 years, you pay ₹44,53,740 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 | ₹1,30,582 | ₹4,66,334 |
| 2 | ₹1,44,972 | ₹4,51,944 |
| 3 | ₹1,60,949 | ₹4,35,967 |
| 4 | ₹1,78,686 | ₹4,18,230 |
| 5 | ₹1,98,378 | ₹3,98,538 |
| 6 | ₹2,20,239 | ₹3,76,677 |
| 7 | ₹2,44,511 | ₹3,52,405 |
| 8 | ₹2,71,456 | ₹3,25,460 |
| 9 | ₹3,01,372 | ₹2,95,544 |
| 10 | ₹3,34,584 | ₹2,62,332 |
| 11 | ₹3,71,456 | ₹2,25,460 |
| 12 | ₹4,12,392 | ₹1,84,524 |
| 13 | ₹4,57,839 | ₹1,39,077 |
| 14 | ₹5,08,295 | ₹88,621 |
| 15 | ₹5,64,289 | ₹32,605 |
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹1,30,582 | ₹4,66,334 | ₹43,69,418 |
| 2 | ₹1,44,972 | ₹4,51,944 | ₹42,24,446 |
| 3 | ₹1,60,949 | ₹4,35,967 | ₹40,63,498 |
| 4 | ₹1,78,686 | ₹4,18,230 | ₹38,84,812 |
| 5 | ₹1,98,378 | ₹3,98,538 | ₹36,86,434 |
| 6 | ₹2,20,239 | ₹3,76,677 | ₹34,66,195 |
| 7 | ₹2,44,511 | ₹3,52,405 | ₹32,21,684 |
| 8 | ₹2,71,456 | ₹3,25,460 | ₹29,50,228 |
| 9 | ₹3,01,372 | ₹2,95,544 | ₹26,48,856 |
| 10 | ₹3,34,584 | ₹2,62,332 | ₹23,14,272 |
| 11 | ₹3,71,456 | ₹2,25,460 | ₹19,42,816 |
| 12 | ₹4,12,392 | ₹1,84,524 | ₹15,30,423 |
| 13 | ₹4,57,839 | ₹1,39,077 | ₹10,72,584 |
| 14 | ₹5,08,295 | ₹88,621 | ₹5,64,289 |
| 15 | ₹5,64,289 | ₹32,605 | ₹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.