Home loan · monthly EMI
₹ 43,391 /mo
on ₹50.0 L at 8.50% for 20 years
The interest bite
₹50,00,000
principal borrowed
₹54,13,879
total interest across 20 years · you'll pay back ₹1.04 Cr for what you borrowed as ₹50.0 L
Balance over time
Explained
Each EMI is split between interest and principal. In the early years, interest dominates — your principal repayment first exceeds interest around year 12. Prepaying anything before that year kills the maximum amount of interest.
Under Section 24(b), interest on a home loan for a self-occupied property is deductible up to ₹2 L / year (old tax regime). Principal repayment counts under Section 80C's ₹1.5 L cap. Neither deduction is available under the new tax regime.