EMI, interest, prepayment savings, tax benefit ā sab ek jagah dekho
Har saal kitna principal jaa raha hai aur kitna interest
| Year | EMI Paid | Principal | Interest | Balance | % Paid Off |
|---|
With prepayment ā see how fast loan closes
| Year | EMI + Extra | Principal | Interest | Prepay | Balance |
|---|
Section 24(b) interest + Section 80C principal deductions
| Year | Interest Paid | Sec 24(b) Claim | Principal Paid | Sec 80C Claim | Total Deduction | Tax Saved |
|---|
Section 24(b) ā Interest: Self-occupied property pe max ā¹2,00,000/yr deduction milta hai interest pe. Let-out property pe no limit.
Section 80C ā Principal: Principal repayment pe max ā¹1,50,000/yr deduction (shared with PPF, ELSS, etc.).
Section 80EEA: First-time buyers (stamp value ā¤ ā¹45L) ko extra ā¹1.5L interest deduction milta tha ā check latest rules.
Note: New Tax Regime mein yeh deductions nahi milte. Yeh calculator Old Regime ke liye hai. Apne CA se consult zaroor karein.
Same loan, same rate ā but tenure changes everything!
| Tenure | EMI | Total Interest | Total Payment | Interest/Principal | Effective Cost |
|---|
Short tenure (10-15 yrs): High EMI but total interest bahut kam. Jaldi free!
Long tenure (25-30 yrs): Low EMI but interest principal se zyada ho sakta hai. ā¹50L ka loan = ā¹1Cr+ total payment.
Sweet spot: Jitna afford ho utna short tenure lo, aur prepayment karte raho. 20 yr loan + ā¹5K extra/month = 5+ saal early closure possible!