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Loan Repayment Calculator
Full year-by-year breakdown of how your loan is repaid.
Enter values to see your result
Frequently asked questions
Why does early EMI have more interest?
Because interest is charged on the outstanding balance. In early years the balance is near full, so most of each EMI goes to interest. As balance drops, more EMI converts to principal.
Can I claim interest paid as a tax deduction?
For home loans: yes — Section 24(b) allows up to ₹2 lakh/year for self-occupied property. For business loans: yes — full deduction as a business expense.
How do I get an official repayment certificate?
Every lender provides a provisional and final interest certificate annually. Request it after March 31 for the past financial year.
Is there a way to accelerate repayment?
Yes: (1) make one extra EMI per year, (2) round up your EMI to the nearest thousand, (3) use bonuses for prepayment, (4) switch to fortnightly payments if the lender allows.