Loans
Home Loan EMI Calculator
Home-loan-specific EMI calculation with loan-to-value, tax benefit on interest and principal.
Your details
₹
₹
%
yrs
%
Monthly EMI
₹55,541
Total interest
₹69,29,765
Est. first-year tax saving
₹98,212
Your EMI is ₹55,541/month on a loan-to-value of 80%. Estimated first-year tax saving on interest + principal: ₹98,212.
PrincipalInterest
How this is calculated
Standard EMI formula, plus Section 24(b) interest deduction (capped ₹2L/yr for self-occupied, uncapped for let-out) and Section 80C principal deduction (capped ₹1.5L/yr, shared cap).
Want to understand this better?
How Home Loan EMI Actually Works (and How to Pay Less Interest)
Frequently asked questions
How much home loan tax benefit can I claim?
Up to ₹2,00,000/year on interest (Section 24b, self-occupied) and up to ₹1,50,000/year on principal (Section 80C, shared with other 80C investments) — Old Regime only.
Self-occupied vs let-out — what changes?
Let-out properties have no cap on interest deduction, but self-occupied properties are capped at ₹2,00,000/year.
Does prepayment reduce tax benefit?
Yes — lower outstanding principal means lower interest paid in future years, which reduces the interest deduction available.
What is loan-to-value ratio?
The loan amount as a percentage of the property's value — Indian banks typically cap this at 75–90% depending on the loan amount.