Finance
Loan Prepayment Calculator
Even a modest extra payment each month can knock years off a home loan. Combine extra monthly EMIs with a one-time lumpsum and see the full impact: interest saved, months saved, and a clean side-by-side with the no-prepay scenario.
You save
New tenure
14y 5m
Originally 20y
Time saved
5y 7m
Side-by-side
Without prepayment
₹1,04,13,879
₹54,13,879 interest
With your plan
₹85,69,160
₹35,69,160 interest
Methodology
How we calculate this
Bₜ = (Bₜ₋₁ − EMIₚ) × (1 + r) − extraₜ
- Prepaying early in the tenure has the largest impact on interest.
From the blog
Read about this topic
Should You Prepay Your Home Loan? A Math-First Guide
When prepaying your home loan saves the most money, when it doesn't, and how to structure prepayments — annual lump sums, EMI step-ups, or tenure reduction — for the largest realistic impact.
How EMI Really Works (And Why You Pay More Than You Think)
A clear explanation of how EMI works, why early payments are mostly interest, and how tenure changes your total repayment burden.
How Banks Calculate Loan Eligibility (The Real Formula)
The exact formulas Indian banks use to decide how much loan you qualify for — FOIR, LTV, NMI multiplier — and how to optimise each lever to get a higher sanction at a lower rate.
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Frequently asked
- Should I prepay or invest?
- Compare your post-tax loan rate to your post-tax investment return. Use the Loan vs Investment calculator to make this trade-off explicit.
- Are there prepayment penalties?
- Floating-rate home loans in India have no prepayment penalty by RBI rule. Fixed-rate loans and most personal/auto loans may charge 2–4%.
Try EMI Calculator next →
EMI Calculator