About home loan emi calculator
A home loan is usually the biggest loan a household takes. The EMI calculator shows your monthly instalment and the breakdown of principal and interest over time.
Interest is front-loaded
In the early years most of each EMI pays interest, and the share going to principal grows later. That is why prepaying early saves the most.
Tax benefits
- Interest on a home loan for a self-occupied property can be claimed as a deduction under the old tax regime, up to a limit.
- Principal repayment may qualify under Section 80C, within the overall limit.
- Rules and limits change, so confirm them for the current year.
Use with the prepayment calculator
See how a lump-sum payment cuts the tenure or the EMI.
A worked example
A ₹40 lakh loan at 8.5 percent for 20 years has an EMI of about ₹34,713. In the first month, ₹28,333 of that is interest and only ₹6,380 reduces the loan. Over the full term you would pay about ₹43.3 lakh in interest, more than the loan itself.
