# Home Loan EMI Calculator with Year-by-Year Schedule > Home loan EMI calculator: your monthly EMI, total interest over 20 to 30 years, fee with GST, and a yearly split of interest and principal for tax claims. Source: https://trykosh.com/tools/home-loan-emi-calculator Free tool - Loans and credit cards # Home loan EMI calculator Work out the EMI on a home loan and see how the interest and principal split each year over a 15 to 30 year loan. The yearly split is what you need for the 24(b) and 80C tax claims. Rules checked 25 October 2026Free - no sign-upRuns in your browser Monthly EMI INR 43,391 for 20 years at 8.5% a year Total interest**INR 54,13,879** Total of all EMIs**INR 1,04,13,879** Cost incl. fee (APR)**8.58%** Principal **INR 50,00,000**Interest **INR 54,13,879**Fee + GST **INR 29,500** Loan amount INR 50,00,000 Total interest INR 54,13,879 Processing fee INR 25,000 GST on fee (18%) INR 4,500 Amount reaching you if the fee is deducted INR 49,70,500 Total you pay back INR 1,04,43,379 Repayment schedule, year by year Loan year Principal paid Interest paid Balance left Year 1 INR 99,511 INR 4,21,182 INR 49,00,489 Year 2 INR 1,08,307 INR 4,12,387 INR 47,92,181 Year 3 INR 1,17,881 INR 4,02,813 INR 46,74,300 Year 4 INR 1,28,300 INR 3,92,394 INR 45,46,000 Year 5 INR 1,39,641 INR 3,81,053 INR 44,06,359 Year 6 INR 1,51,984 INR 3,68,710 INR 42,54,375 Year 7 INR 1,65,418 INR 3,55,276 INR 40,88,957 Year 8 INR 1,80,039 INR 3,40,655 INR 39,08,918 Year 9 INR 1,95,953 INR 3,24,741 INR 37,12,965 Year 10 INR 2,13,274 INR 3,07,420 INR 34,99,691 Year 11 INR 2,32,125 INR 2,88,569 INR 32,67,566 Year 12 INR 2,52,643 INR 2,68,051 INR 30,14,923 Year 13 INR 2,74,974 INR 2,45,720 INR 27,39,949 Year 14 INR 2,99,279 INR 2,21,415 INR 24,40,670 Year 15 INR 3,25,733 INR 1,94,961 INR 21,14,937 Year 16 INR 3,54,525 INR 1,66,169 INR 17,60,412 Year 17 INR 3,85,862 INR 1,34,832 INR 13,74,550 Year 18 INR 4,19,968 INR 1,00,726 INR 9,54,582 Year 19 INR 4,57,090 INR 63,604 INR 4,97,492 Year 20 INR 4,97,492 INR 23,202 INR 0 Interest adds 108.3% to what you borrow. Early EMIs are mostly interest; the principal share grows every month. ## Upload your statement and Kosh does this for you. Upload a bank or card statement and Kosh finds every EMI and card charge, then builds the fastest way out of debt that still fits your month. [Start free](/signup?via=tool-home-loan-emi-calculator) ## How the home loan EMI calculator works Home loans in India are almost all floating-rate loans linked to an external benchmark, usually RBI's repo rate, plus a spread set by your lender based on your credit profile. The default here is 8.5%, a neutral illustration; use the rate in your sanction letter. Because the tenure is long, a home loan is heavily front-loaded. On a 20 to 25 year loan, interest takes most of each EMI in the early years, and principal only overtakes interest about halfway through. The year-by-year table shows exactly where that crossover falls for your loan. Processing fees on home loans are typically a small percentage of the loan, often capped at a fixed amount, and lenders sometimes waive them during offers. GST at 18% is added to whatever fee you pay. Add the fee here to see the APR, the true yearly cost including fees. The interest and principal for each year feed straight into your taxes if you file under the old regime: interest on a self-occupied home is deductible up to INR 2 lakh a year under section 24(b), and principal counts towards the INR 1.5 lakh 80C limit. The new regime gives neither for a self-occupied home. EMI = P x r x (1 + r)ⁿ / ((1 + r)ⁿ − 1) P home loan amount (the bank funds 75-90% of the property value) r yearly rate / 1,200 n tenure in months, e.g. 240 for 20 years ## Worked example: The Iyers buy a flat in Chennai Karthik and Meera Iyer take a INR 75 lakh home loan at 8.4% for 25 years, with a 0.35% processing fee. Their EMI is INR 59,887. Over 25 years they pay INR 1,04,66,236 in interest, more than the loan itself. The fee of INR 26,250 plus INR 4,725 GST lifts the APR to 8.45%. In year one, INR 6,26,506 of their EMIs is interest and just INR 92,143 is principal, so under the old regime Karthik can claim only INR 2 lakh of that interest under 24(b). Monthly EMI INR 59,887 for 25 years at 8.4% a year Total interest**INR 1,04,66,236** Total of all EMIs**INR 1,79,66,236** Cost incl. fee (APR)**8.45%** Principal **INR 75,00,000**Interest **INR 1,04,66,236**Fee + GST **INR 30,975** Loan amount INR 75,00,000 Total interest INR 1,04,66,236 Processing fee INR 26,250 GST on fee (18%) INR 4,725 Amount reaching you if the fee is deducted INR 74,69,025 Total you pay back INR 1,79,97,211 Interest adds 139.5% to what you borrow. Early EMIs are mostly interest; the principal share grows every month. [Load this example into the calculator ->](?amount=7500000&rate=8.4&tenure=25&feePct=0.35#calculator) ## Good to know - RBI caps how much of the property value a bank can lend: 90% for loans up to INR 30 lakh, 80% up to INR 75 lakh and 75% above. Stamp duty and registration are not funded, so budget for them in cash. - Floating-rate home loans to individuals carry no prepayment or foreclosure charge, so part-prepaying in the early years is the cheapest way to cut total interest. - When your lender's benchmark rate falls, ask whether your spread can be reduced too. Older loans on MCLR or base rate can usually be moved to a repo-linked rate for a fee. - Joint borrowers who are also co-owners can each claim up to INR 2 lakh under 24(b) and INR 1.5 lakh under 80C in the old regime, on their own share of the EMI. - Interest paid before you get possession can be claimed in five equal parts from the year of completion, within the same INR 2 lakh yearly cap. ## Frequently asked questions What is the EMI on a INR 50 lakh home loan? At 8.5% for 20 years, the EMI on INR 50 lakh is about INR 43,391. Over 20 years you would pay roughly INR 54 lakh in interest. Change the rate or tenure above to see your own number. Is a 30-year home loan a good idea? A 30-year tenure lowers the EMI and can raise your eligibility, but you pay interest for ten more years than on a 20-year loan, which can add tens of lakhs to the cost. Many borrowers take the longer tenure for safety and then prepay whenever they can. How much tax can I save on a home loan EMI? Only under the old regime, for a self-occupied home: up to INR 2 lakh of interest a year under section 24(b) and principal within the INR 1.5 lakh 80C limit. For a let-out property, interest is deductible against rent in both regimes, though the new regime doesn't let any resulting loss reduce other income. Why does my home loan balance hardly fall in the first few years? Because the interest is charged on a large balance, most of each EMI goes to interest early on. On a 25-year loan at 8.4%, only about 13% of the first year's EMIs reduce the principal. Prepaying early has the biggest effect for exactly this reason. Does the EMI change when the repo rate changes? For a repo-linked floating loan, the rate resets at intervals set out in your loan agreement, usually quarterly. Lenders typically keep the EMI the same and change the tenure, unless you ask them to change the EMI instead. ## Sources and assumptions - [Reserve Bank of India](https://www.rbi.org.in/) - [Income Tax Department](https://www.incometax.gov.in/) Rules and rates last checked on 25 October 2026. Results are estimates for planning and education, not tax, legal or investment advice. Kosh is an educational financial planning tool by Primedepth Labs. It is not a SEBI-registered investment adviser and does not offer personalised investment advice, hold your money or execute trades. Markets carry risk; read scheme documents carefully and consult a registered adviser before acting.