Home Loan Amortization Calculator
See the principal and interest split for any single year of your home loan, plus your cumulative payments and remaining balance up to that point.
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- Works on all devices
Your result
₹2,52,709.49
Interest paid this year
AI explanation
Formula
Simulates month-by-month reducing-balance amortization and reports the principal/interest split for the chosen yearWorked example
₹30L loan, 8.5%, 20 years — year 1
| Field | Value |
|---|---|
| Loan amount | 3000000 |
| Interest rate | 8.5 |
| Tenure | 240 |
| Year to inspect | 1 |
| EMI | 26034.7 |
Assumptions
- Shows one year at a time rather than a full schedule table — change the "year to inspect" field to see any other year.
- Interest's share of each EMI is highest in early years and falls over time as the outstanding balance shrinks — this is a structural feature of reducing-balance loans, not a lender-specific quirk.
- Informational only.
Frequently asked questions
Why is interest so much higher than principal in early years?
Interest is charged on the outstanding balance, which is largest at the start of the loan. As you pay down principal, the interest portion of each EMI shrinks and the principal portion grows, even though the EMI itself stays constant.
Can I see a full year-by-year table?
This calculator shows one year at a time — enter different values in "year to inspect" to compare any two years, such as year 1 vs. year 15.
Does prepaying change the amortization schedule?
Yes significantly — see the Home Loan Prepayment Calculator to see how extra payments shorten the schedule and shift more of each payment to principal sooner.
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Sources
- Master Direction – Reserve Bank of India (Regulatory Framework for Housing Finance Companies) — Reserve Bank of India. Effective 17-02-2021, reviewed 13-09-2026.
This calculator provides a general estimate only and does not constitute financial advice.
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