EMI calculator
Calculate your monthly loan EMI, total interest outgo, and year-wise repayment schedule, with an optional yearly prepayment simulator.
Applied directly towards principal at the end of every 12 months to reduce total interest and loan tenure.
Monthly EMI
| Total interest payable | ₹0 |
| Total payment (Principal + Interest) | ₹0 |
| Effective repayment time | 240 months |
| Year | Principal Paid | Interest Paid | Closing Balance |
|---|
Calculated on a monthly reducing-balance basis. Bank processing fees, stamp duty, and credit insurance are not included.
How loan principal & interest are treated for tax
Home Loans (Individuals): Under the Old Tax Regime, interest on a self-occupied house property is deductible up to ₹2,00,000 per year under Section 24(b), while principal repayment qualifies under the ₹1,50,000 Section 80C limit. For let-out properties, interest is deductible against rental income subject to set-off rules.
Business, Working Capital & Equipment Loans: Interest paid on term loans, working-capital CC/OD limits, and commercial vehicle/machinery loans used wholly for business or profession is fully deductible as a business expense under Section 36(1)(iii), while principal repayment reduces your balance-sheet liability.
Planning a business loan or debt restructure?
A first call is free and carries no obligation. You will speak directly with CA Shivam Bhaskar and receive a reply within one business day.