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Home Loan EMI Calculator

Loan Details
Enter your loan details to calculate EMI
₹1L₹1Cr
5%15%
1 Year30 Years
Loan Summary
Your estimated loan repayment details

Monthly EMI

₹0

Total Interest

₹0

Total Payment

₹0

Principal Loan Amount

₹30,00,000

Interest to Principal Ratio

0.00%

Amortization Schedule
Year-wise breakup of principal and interest payments
YearPrincipal PaidInterest PaidTotal PaymentRemaining Balance
Home Loan Tips

How to reduce your EMI?

  • Opt for a longer loan tenure to reduce your monthly EMI amount
  • Make a larger down payment to reduce the principal loan amount
  • Look for lenders offering lower interest rates
  • Consider balance transfer to a lender with lower interest rates

How to save on interest costs?

  • Opt for a shorter loan tenure to reduce total interest outgo
  • Make partial prepayments whenever you have surplus funds
  • Increase your EMI amount voluntarily to pay off the loan faster
  • Choose lenders with minimal or no prepayment charges

Tax benefits on home loans in India

  • Interest paid on home loan is tax deductible up to ₹2 lakhs per year under Section 24
  • Principal repayment qualifies for deduction under Section 80C up to ₹1.5 lakhs
  • Additional deduction of up to ₹50,000 under Section 80EEA for first-time home buyers
  • Stamp duty and registration charges are also eligible for deduction under Section 80C