Home Loan EMI on ₹50L at 10.5% for 15 Years
Complete home loan EMI calculation with amortization schedule
Monthly EMI
₹55,270
Total Interest
₹49,48,600
Total Payment
₹99,48,600
Your monthly home loan EMI is ₹55,270. Over 15 years, you pay ₹49,48,600 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 | ₹1,45,091 | ₹5,18,149 |
| 2 | ₹1,61,080 | ₹5,02,160 |
| 3 | ₹1,78,832 | ₹4,84,408 |
| 4 | ₹1,98,540 | ₹4,64,700 |
| 5 | ₹2,20,419 | ₹4,42,821 |
| 6 | ₹2,44,710 | ₹4,18,530 |
| 7 | ₹2,71,678 | ₹3,91,562 |
| 8 | ₹3,01,618 | ₹3,61,622 |
| 9 | ₹3,34,858 | ₹3,28,382 |
| 10 | ₹3,71,760 | ₹2,91,480 |
| 11 | ₹4,12,729 | ₹2,50,511 |
| 12 | ₹4,58,214 | ₹2,05,026 |
| 13 | ₹5,08,710 | ₹1,54,530 |
| 14 | ₹5,64,772 | ₹98,468 |
| 15 | ₹6,26,988 | ₹36,228 |
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹1,45,091 | ₹5,18,149 | ₹48,54,909 |
| 2 | ₹1,61,080 | ₹5,02,160 | ₹46,93,829 |
| 3 | ₹1,78,832 | ₹4,84,408 | ₹45,14,997 |
| 4 | ₹1,98,540 | ₹4,64,700 | ₹43,16,458 |
| 5 | ₹2,20,419 | ₹4,42,821 | ₹40,96,038 |
| 6 | ₹2,44,710 | ₹4,18,530 | ₹38,51,328 |
| 7 | ₹2,71,678 | ₹3,91,562 | ₹35,79,649 |
| 8 | ₹3,01,618 | ₹3,61,622 | ₹32,78,031 |
| 9 | ₹3,34,858 | ₹3,28,382 | ₹29,43,173 |
| 10 | ₹3,71,760 | ₹2,91,480 | ₹25,71,413 |
| 11 | ₹4,12,729 | ₹2,50,511 | ₹21,58,684 |
| 12 | ₹4,58,214 | ₹2,05,026 | ₹17,00,470 |
| 13 | ₹5,08,710 | ₹1,54,530 | ₹11,91,760 |
| 14 | ₹5,64,772 | ₹98,468 | ₹6,26,988 |
| 15 | ₹6,26,988 | ₹36,228 | ₹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.