Loan prepayment calculator
See how much interest and time a one-time prepayment saves on your home loan — keeping the EMI the same so the tenure shrinks.
How it works
A prepayment reduces your outstanding principal. If you keep paying the same EMI, the loan clears earlier — and you skip all the interest on those final months.
- Prepaying early in the loan saves the most interest.
- Floating-rate home loans in India usually have no prepayment penalty.
Loan Prepayment Calculator FAQ
Is it better to reduce EMI or tenure?›
Reducing tenure (keeping the EMI) saves more interest. This calculator does exactly that.
Are there prepayment charges?›
Floating-rate home loans for individuals usually have none; fixed-rate loans may. Check your sanction letter.