Home Loan Prepayment Calculator

₹

= ₹40,00,000 (40 lakh)

The principal still to repay, from your loan statement.

%

years

₹

= ₹2,00,000 (2 lakh)

How often
After a part payment

Banks usually keep the EMI and cut the tenure. That saves the most interest.

Interest you save

₹7,86,222

7.86 lakh rupees

  • Interest without part payment
    ₹43,31,103
  • Interest with part payment
    ₹35,44,881
Current EMI
₹34,713
Loan ends in
17 years 8 months
Time saved
2 years 4 months
Total interest without part payment
₹43,31,103
Total interest with part payment
₹35,44,881
Total part payments
₹2,00,000
  • Banks can’t charge a fee for part payment or closure of a floating-rate home loan taken by an individual (RBI rule). Fixed-rate loans may have a charge.
  • Assumes the rate stays the same and the part payment goes fully to principal.

Year-by-year table and more on Gainly ↗