Loan Prepayment Calculator
See how a one-time prepayment cuts your tenure and interest.
Prepay early, save the most
Early in a loan, almost every EMI is interest. A prepayment then wipes out principal that would otherwise accrue interest for years — so the same prepayment saves far more if made in year 2 than in year 15.
Reduce tenure, not EMI
When you prepay, keeping the EMI the same and shortening the tenure saves more interest than lowering the EMI. This tool models the reduce-tenure option.
Frequently asked questions
Are there prepayment charges?
Floating-rate home loans to individuals carry no prepayment penalty in India. Fixed-rate and some other loans may charge a fee — check your agreement.