← Back to calculatorsHome loan · EMI + tax benefit
EMI schedule + tax savings, both at once.
Amortisation schedule, Section 24(b) interest deduction, 80C principal limits — all in one view.
Loan Details
₹50.0 L
8.5%
20 years
Co-borrower (doubles Sec 24b)
First-time home buyer
Monthly EMI
₹43,391
Total Payable
₹1.04 Cr
Total Interest
₹54.1 L
Tax Saved (Total)
₹22.1 L
Effective Cost
₹32.1 L
Principal 48%Interest 52%
Loan Amount
₹50.0 L
Monthly EMI
₹43,391
Total Interest
₹54.1 L
Total Payable
₹1.04 Cr
Principal vs Interest Split
Year-wise Principal vs Interest
Key Insights for Your Home Loan
Effective Interest Rate
After tax benefits, your effective interest cost is 3.21% p.a. instead of 8.5%
Interest is Front-loaded
In Year 1, 81% of your EMI goes to interest. Prepayment in early years saves the most.
Tax Benefit (Old Regime Only)
Sec 24(b) and 80C deductions are only available under Old Tax Regime. New regime doesn't allow these.
Tax benefits apply under Old Regime only (FY 2025-26). Sec 80EEA is for loans sanctioned up to 31 Mar 2022 (stamp duty ≤ ₹45L). Consult a CA for personalized advice.
Last updated: March 2026 · Assessment Year: AY 2026-27 (FY 2025-26)