Equated Monthly Installment (Reducing Balance)
EMI & Home Loan Calculator
Calculate monthly installments, total interest outlay, and full amortization schedule for home loans, car loans, and business financing. Includes Section 24(b) tax savings.
Monthly Equated Installment (EMI)
₹43,391/ month
Loan: ₹50.0 Lakhs at 8.5% for 20 Years
Total Interest Payable
₹54,13,840
108% of loan principal
Total Outlay (P + I)
₹1,04,13,840
Across 240 EMIs
₹50.0 Lakhs
₹
8.5%
20 Years (240 Months)
Principal vs Interest Breakdown
Monthly EMI Payment₹43,391
Total Principal Repaid₹50,00,000
Total Interest to Bank₹54,13,840
Total Amount Paid₹1,04,13,840
Home Loan Tax Benefits (Old Tax Regime):
- Section 24(b): Deduct up to ₹2,00,000 on interest paid per financial year for a self-occupied property.
- Section 80C: Deduct up to ₹1,50,000 on principal repayment portion.