Composite Loan Calculator — Plot + Construction
EMI, pre-EMI interest during construction and tax benefits for a combined plot purchase and construction loan.
Inputs
₹
₹ 30 Lakh
₹
₹ 30 Lakh
%
Loan: ₹48,00,000
% p.a.
years
months
Tax
Full EMI after construction
₹43,187
on ₹48 L for 20 years at 9%
Pre-EMI during construction
₹3.33 L
Avg ₹27,750 / month for 12 months
Total interest (EMI phase)
₹55.65 L
Tax saved in year 1
₹90,446
Sec 24(b) + 80C, incl. cess
Loan split
- Plot loan₹24 L50.0%
- Construction loan₹24 L50.0%
Cash you need
- Project cost
- ₹60,00,000
- Loan
- − ₹48,00,000
- Your contribution
- ₹12,00,000
Year-1 tax benefit (old regime)
- Interest paid in year 1
- ₹4,28,352
- + 1/5th of pre-construction interest
- ₹66,600
- Section 24(b) deduction (max ₹2 L)
- ₹2,00,000
- Section 80C principal (max ₹1.5 L, shared)
- ₹89,890
- Tax saved at 30% + 4% cess
- ₹90,446
Benefits apply only once construction is complete and you own the house. The new tax regime does not allow these deductions for a self-occupied home.
How this calculator works
A composite loan funds the plot upfront and releases construction money in stages. During construction you pay pre-EMI (interest only on the amount disbursed); full EMI starts after the last disbursement. Because a house is built, the loan qualifies for Section 24(b) and 80C benefits.