Home Loan EMI on ₹75L at 10.5% for 10 Years
Complete home loan EMI calculation with amortization schedule
Monthly EMI
₹1,01,201
Total Interest
₹46,44,120
Total Payment
₹1,21,44,120
Your monthly home loan EMI is ₹1,01,201. Over 10 years, you pay ₹46,44,120 in interest — that's 62% of the loan amount. You can claim up to ₹2 lakh tax deduction on interest under Section 24(b).
| Year | Principal | Interest |
|---|---|---|
| 1 | ₹4,48,068 | ₹7,66,344 |
| 2 | ₹4,97,447 | ₹7,16,965 |
| 3 | ₹5,52,267 | ₹6,62,145 |
| 4 | ₹6,13,129 | ₹6,01,283 |
| 5 | ₹6,80,698 | ₹5,33,714 |
| 6 | ₹7,55,713 | ₹4,58,699 |
| 7 | ₹8,38,996 | ₹3,75,416 |
| 8 | ₹9,31,456 | ₹2,82,956 |
| 9 | ₹10,34,105 | ₹1,80,307 |
| 10 | ₹11,48,067 | ₹66,345 |
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹4,48,068 | ₹7,66,344 | ₹70,51,932 |
| 2 | ₹4,97,447 | ₹7,16,965 | ₹65,54,485 |
| 3 | ₹5,52,267 | ₹6,62,145 | ₹60,02,217 |
| 4 | ₹6,13,129 | ₹6,01,283 | ₹53,89,088 |
| 5 | ₹6,80,698 | ₹5,33,714 | ₹47,08,390 |
| 6 | ₹7,55,713 | ₹4,58,699 | ₹39,52,677 |
| 7 | ₹8,38,996 | ₹3,75,416 | ₹31,13,681 |
| 8 | ₹9,31,456 | ₹2,82,956 | ₹21,82,225 |
| 9 | ₹10,34,105 | ₹1,80,307 | ₹11,48,120 |
| 10 | ₹11,48,067 | ₹66,345 | ₹52 |
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.