Home Loan EMI on ₹75L at 10% for 10 Years
Complete home loan EMI calculation with amortization schedule
Monthly EMI
₹99,113
Total Interest
₹43,93,560
Total Payment
₹1,18,93,560
Your monthly home loan EMI is ₹99,113. Over 10 years, you pay ₹43,93,560 in interest — that's 59% of the loan amount. You can claim up to ₹2 lakh tax deduction on interest under Section 24(b).
| Year | Principal | Interest |
|---|---|---|
| 1 | ₹4,60,063 | ₹7,29,293 |
| 2 | ₹5,08,238 | ₹6,81,118 |
| 3 | ₹5,61,457 | ₹6,27,899 |
| 4 | ₹6,20,249 | ₹5,69,107 |
| 5 | ₹6,85,197 | ₹5,04,159 |
| 6 | ₹7,56,946 | ₹4,32,410 |
| 7 | ₹8,36,208 | ₹3,53,148 |
| 8 | ₹9,23,770 | ₹2,65,586 |
| 9 | ₹10,20,501 | ₹1,68,855 |
| 10 | ₹11,27,361 | ₹61,995 |
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹4,60,063 | ₹7,29,293 | ₹70,39,937 |
| 2 | ₹5,08,238 | ₹6,81,118 | ₹65,31,699 |
| 3 | ₹5,61,457 | ₹6,27,899 | ₹59,70,242 |
| 4 | ₹6,20,249 | ₹5,69,107 | ₹53,49,993 |
| 5 | ₹6,85,197 | ₹5,04,159 | ₹46,64,796 |
| 6 | ₹7,56,946 | ₹4,32,410 | ₹39,07,850 |
| 7 | ₹8,36,208 | ₹3,53,148 | ₹30,71,642 |
| 8 | ₹9,23,770 | ₹2,65,586 | ₹21,47,872 |
| 9 | ₹10,20,501 | ₹1,68,855 | ₹11,27,371 |
| 10 | ₹11,27,361 | ₹61,995 | ₹11 |
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.