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Calculate Home Loan EMI, interest repayment, and tax deduction under Section 24(b) & 80C.
Payable every month for 20 yrs
Calculations follow official federal and central bank guidelines (IRS, RBI), statutory tax provisions, and standardized actuarial compounding.
Why our math is exact vs other portals →Detailed year-wise principal vs interest timeline
| Period | Principal Paid | Interest Paid | Total Payment | Ending Balance |
|---|---|---|---|---|
| Year 1 | $69,658 | $294,828 | $364,486 | $3,430,342 |
| Year 2 | $75,815 | $288,671 | $364,486 | $3,354,527 |
| Year 3 | $82,517 | $281,969 | $364,486 | $3,272,010 |
| Year 4 | $89,810 | $274,676 | $364,486 | $3,182,200 |
| Year 5 | $97,749 | $266,737 | $364,486 | $3,084,451 |
The Home Loan EMI Calculator is built to eliminate financial ambiguity by applying exact Indian financial mathematics rather than generic, oversimplified online estimates.
Whether evaluating interest liability on bank credit, calculating compounding acceleration on systematic investments, or forecasting net post-tax maturity values, accurate forecasting ensures you never misjudge your cash flow or long-term corpus.
Calculates reducing balance monthly repayment for housing loans.
Oversimplified flat rate or daily accrual approximations
Statutory monthly reducing balance with exact principal amortization matching SBI/HDFC loan account statements.
In India, retail lending follows RBI guidelines on reducing balance compounding and External Benchmark Linked Lending Rates (EBLR/RLLR). Fixed deposits follow RBI quarterly compounding mandates, while mutual fund equity investments adhere to SEBI NAV timing and post-Budget 2024 capital gains tax provisions (12.5% LTCG over ₹1.25L).
₹35 Lakh home loan taken at 8.5% interest rate for 20 years.
Monthly EMI is ₹30,373. Total interest over 20 years is ₹37,89,520, making total repayment ₹72,89,520.
Compare monthly installments and total repayment across common Indian home and personal loan amounts.
| Loan Amount | 15 Years Tenure | 20 Years Tenure | 25 Years Tenure | Total Interest (20Y) |
|---|---|---|---|---|
| ₹25,00,000 | ₹24,618/mo | ₹21,696/mo | ₹20,131/mo | ₹27,07,040 |
| ₹50,00,000 | ₹49,237/mo | ₹43,391/mo | ₹40,261/mo | ₹54,13,840 |
| ₹75,00,000 | ₹73,855/mo | ₹65,087/mo | ₹60,392/mo | ₹81,20,880 |
| ₹1,00,00,000 | ₹98,474/mo | ₹86,782/mo | ₹80,523/mo | ₹1,08,27,680 |
Under the Old Tax Regime, you can claim up to ₹2 Lakh under Section 24(b) for interest paid on a self-occupied property, and up to ₹1.5 Lakh under Section 80C for principal repayment.
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