Home Loan Prepayment Calculator
How much interest + tenure you save by making a lump-sum or increased-EMI prepayment on your Indian home loan.
Result
- Original EMI₹36,218
- Baseline total interest (no prepayment)₹3,823,152
- New total interest₹2,419,543
- Tenure saved4 yrs 4 months
- New loan tenure13.7 years
Personal-finance essentials
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How to use this calculator
- Enter your current outstanding loan principal.
- Enter interest rate and remaining tenure.
- Enter lump-sum prepayment amount (or 0 if only hiking EMI).
- Enter extra monthly EMI (or 0 if only lump-sum).
- Read interest and tenure saved.
About this tool
Home loan prepayment is one of the most tax-efficient wealth moves in India — every rupee prepaid saves you 8-9% guaranteed (the rate you'd have paid as interest), and RBI rules ban prepayment penalties on floating-rate home loans since 2012. There are two prepayment approaches: (1) LUMP SUM (one-time payment reduces principal, shortens tenure) — best for annual bonus/inheritance windfalls; (2) EMI HIKE (permanently increase monthly EMI) — best for salary hikes. This calculator shows exactly how much interest and how many years each approach saves. Note: prepayment beats fixed deposit whenever loan rate exceeds post-tax FD rate.
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