Home Loan Prepayment Calculator
Calculate savings from home loan prepayment and optimal prepayment strategies. Compare different prepayment options to maximize your interest savings.
Calculator
Calculator Details
Enter your information to calculate results
Results
₹60,65,150
Interest Saved
12Y 7M
Tenure Reduction
Loan Comparison
Before Prepayment
EMI:₹43,391
Total Interest:₹54,13,879
Total Amount:₹1,04,13,879
After Prepayment
EMI:₹43,391
Total Interest:-₹6,51,271
Total Amount:₹43,48,729
How It Works
How Home Loan Prepayment Works
1
Prepayment Options
You can either reduce tenure (keep EMI same) or reduce EMI (keep tenure same)
2
Interest Savings
Prepayment reduces the principal amount, leading to significant interest savings
3
Optimal Timing
Early prepayments save more interest as most EMI goes towards interest initially
Examples
Early Prepayment (Year 1)
Loan Amount:₹50,00,000
Prepayment:₹5,00,000
Timing:After 12 months
Interest Saved:₹12,50,000
Mid-term Prepayment (Year 5)
Loan Amount:₹50,00,000
Prepayment:₹5,00,000
Timing:After 60 months
Interest Saved:₹8,75,000
Compare
Prepayment Strategy Comparison
| Strategy | Interest Saved | Tenure Reduction | Monthly Benefit |
|---|---|---|---|
| ₹5L Lump Sum (Year 1) | ₹12,50,000 | 5Y 8M | Same EMI |
| Increase EMI by 10% | ₹8,75,000 | 4Y 2M | ₹4,175 extra |
| Increase EMI by 20% | ₹15,25,000 | 7Y 4M | ₹8,349 extra |
| Annual ₹1L prepayment | ₹18,50,000 | 8Y 6M | ₹8,333/month |
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