Loan EMI & Interest Amortization Engine
Compute reducing balance monthly EMIs, complete year-by-year amortization schedules, prepayment interest savings, and Section 24(b) tax shields.
REDUCING BALANCE AMORTIZATION•Prepayment Optimizer
All CalculatorsLoan Facility:
Loan Terms & Conditions
Principal Loan Amount₹50,00,000
Annual Interest Rate (%)8.75% p.a.
Repayment Tenure20 Years (240 Mos)
Annual Prepayment (Lump-sum)₹0
Prepayments accelerate loan amortization and reduce total interest liability.
Equated Monthly Installment
₹44,186 / mo
Total Repayment (P + I): ₹1,06,04,346
Total Interest Payable
₹56,04,346
Principal vs Interest Distribution52.8% Interest Cost
Principal Borrowed
₹50,00,000
Total Interest
₹56,04,346
Total Outflow
₹1,06,04,346
Annual Amortization Schedule
| Year | Opening Balance | Principal Paid | Interest Paid | Closing Balance |
|---|---|---|---|---|
| Year 1 | ₹50,00,000 | ₹96,545 | ₹4,33,687 | ₹49,03,455 |
| Year 2 | ₹49,03,455 | ₹1,05,337 | ₹4,24,895 | ₹47,98,118 |
| Year 3 | ₹47,98,118 | ₹1,14,933 | ₹4,15,299 | ₹46,83,185 |
| Year 4 | ₹46,83,185 | ₹1,25,403 | ₹4,04,829 | ₹45,57,782 |
| Year 5 | ₹45,57,782 | ₹1,36,825 | ₹3,93,407 | ₹44,20,957 |
| Year 6 | ₹44,20,957 | ₹1,49,290 | ₹3,80,942 | ₹42,71,667 |
| Year 7 | ₹42,71,667 | ₹1,62,890 | ₹3,67,342 | ₹41,08,777 |
| Year 8 | ₹41,08,777 | ₹1,77,729 | ₹3,52,503 | ₹39,31,048 |
| Year 9 | ₹39,31,048 | ₹1,93,920 | ₹3,36,312 | ₹37,37,128 |
| Year 10 | ₹37,37,128 | ₹2,11,587 | ₹3,18,645 | ₹35,25,541 |
| Year 11 | ₹35,25,541 | ₹2,30,860 | ₹2,99,372 | ₹32,94,681 |
| Year 12 | ₹32,94,681 | ₹2,51,891 | ₹2,78,341 | ₹30,42,790 |
| Year 13 | ₹30,42,790 | ₹2,74,838 | ₹2,55,394 | ₹27,67,952 |
| Year 14 | ₹27,67,952 | ₹2,99,872 | ₹2,30,360 | ₹24,68,080 |
| Year 15 | ₹24,68,080 | ₹3,27,190 | ₹2,03,042 | ₹21,40,890 |
| Year 16 | ₹21,40,890 | ₹3,56,996 | ₹1,73,236 | ₹17,83,894 |
| Year 17 | ₹17,83,894 | ₹3,89,516 | ₹1,40,716 | ₹13,94,378 |
| Year 18 | ₹13,94,378 | ₹4,24,999 | ₹1,05,233 | ₹9,69,379 |
| Year 19 | ₹9,69,379 | ₹4,63,716 | ₹66,516 | ₹5,05,663 |
| Year 20 | ₹5,05,663 | ₹5,05,663 | ₹24,275 | ₹0 |
Section 24(b) & Business Interest Tax Deductibility
Home loan interest is deductible up to ₹2,00,000 under Section 24(b) under Old Regime, while commercial / MSME loan interest is 100% tax-deductible as business expense under Section 36(1)(iii).