Each 1% rate change moves your EMI by ~₹3,400 per ₹50L borrowed. Lenders typically cap total EMIs at 50% of post-tax income (FOIR). Section 24(b) gives ₹2L interest deduction (old regime).
Assumes fixed rate throughout tenure. Floating rates may change.
Bank-standard amortization
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Year-by-Year Breakdown
Principal paidOutstanding balance
Year
Principal
Interest
Balance
1
₹99,511
₹4,21,182
₹49,00,489
2
₹1,08,307
₹4,12,387
₹47,92,181
3
₹1,17,881
₹4,02,813
₹46,74,300
4
₹1,28,300
₹3,92,394
₹45,46,000
5
₹1,39,641
₹3,81,053
₹44,06,359
6
₹1,51,984
₹3,68,710
₹42,54,375
7
₹1,65,418
₹3,55,276
₹40,88,957
8
₹1,80,039
₹3,40,655
₹39,08,918
9
₹1,95,953
₹3,24,741
₹37,12,965
10
₹2,13,274
₹3,07,420
₹34,99,691
11
₹2,32,125
₹2,88,569
₹32,67,566
12
₹2,52,643
₹2,68,051
₹30,14,923
13
₹2,74,974
₹2,45,720
₹27,39,949
14
₹2,99,279
₹2,21,415
₹24,40,670
15
₹3,25,733
₹1,94,961
₹21,14,937
16
₹3,54,525
₹1,66,169
₹17,60,412
17
₹3,85,862
₹1,34,832
₹13,74,550
18
₹4,19,968
₹1,00,726
₹9,54,582
19
₹4,57,090
₹63,604
₹4,97,492
20
₹4,97,492
₹23,202
₹0
Total
₹50,00,000
₹54,13,879
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Formula & SourceHome Loan EMI Calculator
EMI = P × i × (1+i)^n / ((1+i)^n − 1)
Source: Standard amortizing loan formula (used by all Indian banks)
Frequently Asked Questions
Prepay if your loan rate exceeds post-tax return on alternative investments.
Shorter tenure = higher EMI but much lower total interest. Use a tenure you can comfortably afford with 20% buffer.
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