Home Loan EMI on ₹50L at 9% for 15 Years
Complete home loan EMI calculation with amortization schedule
Monthly EMI
₹50,713
Total Interest
₹41,28,340
Total Payment
₹91,28,340
Your monthly home loan EMI is ₹50,713. Over 15 years, you pay ₹41,28,340 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 | ₹1,65,263 | ₹4,43,293 |
| 2 | ₹1,80,766 | ₹4,27,790 |
| 3 | ₹1,97,723 | ₹4,10,833 |
| 4 | ₹2,16,270 | ₹3,92,286 |
| 5 | ₹2,36,558 | ₹3,71,998 |
| 6 | ₹2,58,749 | ₹3,49,807 |
| 7 | ₹2,83,021 | ₹3,25,535 |
| 8 | ₹3,09,570 | ₹2,98,986 |
| 9 | ₹3,38,610 | ₹2,69,946 |
| 10 | ₹3,70,374 | ₹2,38,182 |
| 11 | ₹4,05,118 | ₹2,03,438 |
| 12 | ₹4,43,121 | ₹1,65,435 |
| 13 | ₹4,84,689 | ₹1,23,867 |
| 14 | ₹5,30,156 | ₹78,400 |
| 15 | ₹5,79,888 | ₹28,668 |
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹1,65,263 | ₹4,43,293 | ₹48,34,737 |
| 2 | ₹1,80,766 | ₹4,27,790 | ₹46,53,972 |
| 3 | ₹1,97,723 | ₹4,10,833 | ₹44,56,249 |
| 4 | ₹2,16,270 | ₹3,92,286 | ₹42,39,979 |
| 5 | ₹2,36,558 | ₹3,71,998 | ₹40,03,421 |
| 6 | ₹2,58,749 | ₹3,49,807 | ₹37,44,672 |
| 7 | ₹2,83,021 | ₹3,25,535 | ₹34,61,651 |
| 8 | ₹3,09,570 | ₹2,98,986 | ₹31,52,081 |
| 9 | ₹3,38,610 | ₹2,69,946 | ₹28,13,470 |
| 10 | ₹3,70,374 | ₹2,38,182 | ₹24,43,096 |
| 11 | ₹4,05,118 | ₹2,03,438 | ₹20,37,978 |
| 12 | ₹4,43,121 | ₹1,65,435 | ₹15,94,857 |
| 13 | ₹4,84,689 | ₹1,23,867 | ₹11,10,168 |
| 14 | ₹5,30,156 | ₹78,400 | ₹5,80,013 |
| 15 | ₹5,79,888 | ₹28,668 | ₹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.