Loan Prepayment Calculator
See how much interest you save and how many months you cut by making a lump-sum prepayment. Choose to reduce tenure or lower EMI.
Interest Savings Tenure Reduction Balance Comparison Chart
Interest Saved ₹15,38,705 Total savings from prepayment
Original EMI ₹34,713 Before prepayment
New EMI ₹34,713 After prepayment
Original Tenure 240 mo 20 years
New Tenure 182 mo 15.2 years
Time Saved 58 mo 4.8 years
Balance Comparison
Prepayment Strategy Tips
- Prepaying in the first 5 years saves the most interest because the principal is highest then.
- Reducing tenure (not EMI) maximizes interest savings — choose this option if cash flow allows.
- Most banks (after RBI 2012 circular) charge zero prepayment penalty on floating-rate home loans.
- Even small prepayments of 1–2 months' EMI annually can cut 3–5 years from a 20-year loan.
- Use annual bonuses or tax refunds for systematic prepayments every year.
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Interest Saved ₹15,38,705