What tax benefits do home loans get?

Home loan EMI calculator

EMI and interest on a home loan.

Monthly EMI

₹43,391

for 240 months

Principal amount: ₹50,00,000
Total interest: ₹54,13,879
Total amount payable: ₹1,04,13,879
Interest as % of loan: 108.28%

Early EMIs are mostly interest. Prepaying in the first few years saves far more than the same prepayment near the end. Try the prepay-or-invest tool to compare.

Principal amount₹50,00,000
Total interest₹54,13,879

Where each year's EMIs go

PrincipalInterest

What this calculates

Calculate the EMI, total interest and repayment schedule for a home loan.

How it's calculated

EMI = P × R × (1 + R)ᴺ ÷ [(1 + R)ᴺ − 1]

Results are illustrations based on the inputs you choose. Returns are not guaranteed and actual outcomes will vary. This is education, not advice.

Questions about this tool

In the old regime, up to ₹2 lakh of interest (24b) and principal within the ₹1.5 lakh 80C limit, for a self-occupied home.