The interest component of your home loan EMI refers to the cost of the loan borrowed, which is calculated based on the interest rate and tenure. The principal component of the home loan EMI refers to the money you borrow from the lender. Initially, most of your EMI goes towards interest payments. Over time, the interest portion decreases, and the EMI goes towards repaying the principal amount.
Principal Amount | 10 years | 15 years | 20 years |
---|---|---|---|
Rs. 10,00,000 | Rs. 12,668 | Rs. 10,143 | Rs. 8,997 |
Rs. 20,00,000 | Rs. 25,335 | Rs. 20,285 | Rs. 17,995 |
Rs. 50,00,000 | Rs. 63,338 | Rs. 50,713 | Rs. 44,986 |