Loan prepayment calculator
See how much interest a one-time part-prepayment saves.
Interest saved₹7.92 L
- EMIs saved
- 41
- New tenure
- 16y 7m
- Total interest
- ₹24.57 L
- Without: ₹32,48,327
- With prepay: ₹24,56,544
Should I reduce the tenure or the EMI after prepaying?
Keeping the EMI and reducing the tenure usually saves more interest, because the loan closes sooner. Reducing the EMI lowers your monthly outflow instead. Check your lender’s prepayment charges; floating-rate home loans to individuals generally have none.
Results are estimates for planning only. Lenders’ actual rates, fees and eligibility rules vary.