Calculator
Home Loan Prepayment Calculator
Reduce your home loan liability. Estimate total interest savings and tenure reductions when making principal prepayments on outstanding home loans.
₹
%
Yrs
₹
Prepayment Savings
Original EMI
₹43,391
Original Interest
₹54,13,879
New Interest Payable
₹46,80,210
New Tenure
18.1 Yrs
Interest Saved
₹7,33,669
FAQs
Home Loan Prepayment Calculator FAQs
What are the prepayment charges on floating-rate home loans?
Under RBI regulations, banks and housing finance companies are prohibited from levying any prepayment or foreclosure penalty charges on floating-rate home loans borrowed by individual borrowers.
Is it better to reduce EMI or reduce tenure during prepayment?
Keeping your monthly EMI constant and reducing your tenure yields far higher total interest savings because the principal amount gets paid off much faster, reducing the timeline of interest compounding.
