Home Loan Calculator
Let’s calculate your savings—just add your loan details.
Enter your loan details to see how much you could save with smart prepayment strategies!
What is the Home Loan Prepayment Calculator?
The Home Loan Prepayment Calculator helps you understand how making extra payments towards your home loan (principal) can save you substantial interest and reduce your total repayment tenure. By entering your loan amount, EMI, interest rate, tenure, and details of any prepayments—regular or ad-hoc—you get instant clarity on:
- Interest saved
- Loan tenure shortened
- New EMI or payoff date
- Amortization schedule with and without prepayments
This tool empowers Indian homebuyers and NRIs to plan and close loans faster, with informed, data-backed decisions.
How to Use the Home Loan Prepayment Calculator
1. Enter your total loan amount (₹) — the principal borrowed.
2. Enter your home loan's annual interest rate (e.g., 8%).
3. Enter the total loan tenure in years (e.g., 20 years).
4. Input your first EMI date.
5. Enter any additional prepayment you plan to make each month (optional).
6. Enter any annual lump sum you intend to prepay (optional).
Click "Show Me My Real Cost" to instantly view your base EMI, interest saved, and loan payoff impact. The visual charts compare your loan schedule with and without prepayment.
FAQS
Frequently Asked Questions
Home Loan Prepay & Interest Savings
A home loan prepayment calculator lets you estimate how much interest you can save and how much sooner you'll pay off your loan when you make extra payments.
Unlike basic EMI calculators, this tool shows the direct impact of each prepayment—updating your amortization, interest cost, tenure, and EMI in real time.
Yes! Enter regular extra payment amounts or annual lump sums to see each scenario's effect.
Absolutely. This calculator is optimized for Indian bank/NBFC loans, including those for NRIs.
Provide loan amount, your current EMI, interest, tenure, and planned prepayment strategy (monthly/annual/additional). The calculator does the rest—no complex math needed.
You can choose: reduce your EMI or shorten your tenure. The tool displays both results for clarity.
For most Indian home loans on floating rates, there are no prepayment charges—but always check your lender's policy.
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