Home Loan EMI on ₹75L at 9% for 15 Years
Complete home loan EMI calculation with amortization schedule
Monthly EMI
₹76,070
Total Interest
₹61,92,600
Total Payment
₹1,36,92,600
Your monthly home loan EMI is ₹76,070. Over 15 years, you pay ₹61,92,600 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 | ₹2,47,900 | ₹6,64,940 |
| 2 | ₹2,71,155 | ₹6,41,685 |
| 3 | ₹2,96,591 | ₹6,16,249 |
| 4 | ₹3,24,414 | ₹5,88,426 |
| 5 | ₹3,54,846 | ₹5,57,994 |
| 6 | ₹3,88,133 | ₹5,24,707 |
| 7 | ₹4,24,542 | ₹4,88,298 |
| 8 | ₹4,64,367 | ₹4,48,473 |
| 9 | ₹5,07,928 | ₹4,04,912 |
| 10 | ₹5,55,575 | ₹3,57,265 |
| 11 | ₹6,07,692 | ₹3,05,148 |
| 12 | ₹6,64,698 | ₹2,48,142 |
| 13 | ₹7,27,051 | ₹1,85,789 |
| 14 | ₹7,95,254 | ₹1,17,586 |
| 15 | ₹8,69,852 | ₹42,986 |
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹2,47,900 | ₹6,64,940 | ₹72,52,100 |
| 2 | ₹2,71,155 | ₹6,41,685 | ₹69,80,945 |
| 3 | ₹2,96,591 | ₹6,16,249 | ₹66,84,353 |
| 4 | ₹3,24,414 | ₹5,88,426 | ₹63,59,940 |
| 5 | ₹3,54,846 | ₹5,57,994 | ₹60,05,094 |
| 6 | ₹3,88,133 | ₹5,24,707 | ₹56,16,961 |
| 7 | ₹4,24,542 | ₹4,88,298 | ₹51,92,418 |
| 8 | ₹4,64,367 | ₹4,48,473 | ₹47,28,051 |
| 9 | ₹5,07,928 | ₹4,04,912 | ₹42,20,123 |
| 10 | ₹5,55,575 | ₹3,57,265 | ₹36,64,547 |
| 11 | ₹6,07,692 | ₹3,05,148 | ₹30,56,855 |
| 12 | ₹6,64,698 | ₹2,48,142 | ₹23,92,157 |
| 13 | ₹7,27,051 | ₹1,85,789 | ₹16,65,105 |
| 14 | ₹7,95,254 | ₹1,17,586 | ₹8,69,852 |
| 15 | ₹8,69,852 | ₹42,986 | ₹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.