Home Loan EMI on ₹75L at 10% for 15 Years
Complete home loan EMI calculation with amortization schedule
Monthly EMI
₹80,595
Total Interest
₹70,07,100
Total Payment
₹1,45,07,100
Your monthly home loan EMI is ₹80,595. Over 15 years, you pay ₹70,07,100 in interest — that's 93% of the loan amount. You can claim up to ₹2 lakh tax deduction on interest under Section 24(b).
| Year | Principal | Interest |
|---|---|---|
| 1 | ₹2,27,374 | ₹7,39,766 |
| 2 | ₹2,51,183 | ₹7,15,957 |
| 3 | ₹2,77,485 | ₹6,89,655 |
| 4 | ₹3,06,541 | ₹6,60,599 |
| 5 | ₹3,38,640 | ₹6,28,500 |
| 6 | ₹3,74,100 | ₹5,93,040 |
| 7 | ₹4,13,274 | ₹5,53,866 |
| 8 | ₹4,56,549 | ₹5,10,591 |
| 9 | ₹5,04,355 | ₹4,62,785 |
| 10 | ₹5,57,168 | ₹4,09,972 |
| 11 | ₹6,15,511 | ₹3,51,629 |
| 12 | ₹6,79,963 | ₹2,87,177 |
| 13 | ₹7,51,164 | ₹2,15,976 |
| 14 | ₹8,29,820 | ₹1,37,320 |
| 15 | ₹9,16,713 | ₹50,427 |
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹2,27,374 | ₹7,39,766 | ₹72,72,626 |
| 2 | ₹2,51,183 | ₹7,15,957 | ₹70,21,443 |
| 3 | ₹2,77,485 | ₹6,89,655 | ₹67,43,958 |
| 4 | ₹3,06,541 | ₹6,60,599 | ₹64,37,417 |
| 5 | ₹3,38,640 | ₹6,28,500 | ₹60,98,776 |
| 6 | ₹3,74,100 | ₹5,93,040 | ₹57,24,676 |
| 7 | ₹4,13,274 | ₹5,53,866 | ₹53,11,402 |
| 8 | ₹4,56,549 | ₹5,10,591 | ₹48,54,853 |
| 9 | ₹5,04,355 | ₹4,62,785 | ₹43,50,498 |
| 10 | ₹5,57,168 | ₹4,09,972 | ₹37,93,330 |
| 11 | ₹6,15,511 | ₹3,51,629 | ₹31,77,819 |
| 12 | ₹6,79,963 | ₹2,87,177 | ₹24,97,857 |
| 13 | ₹7,51,164 | ₹2,15,976 | ₹17,46,693 |
| 14 | ₹8,29,820 | ₹1,37,320 | ₹9,16,873 |
| 15 | ₹9,16,713 | ₹50,427 | ₹159 |
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.