Home Loan

Prepayment Calculator

See exactly how much interest a lump-sum prepayment saves you, and by how much it shortens your loan.

Month 1 = your first EMI. E.g. enter 24 for a prepayment made after 2 years.

Reducing tenure (keeping the same EMI) saves more total interest than reducing the EMI.

Result
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Total Interest Saved
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This calculator assumes a single lump-sum prepayment with no prepayment penalty. Most Indian lenders do not charge prepayment penalties on floating-rate home loans, but confirm your loan's specific terms. Full amortization is simulated month-by-month for accuracy.

How this calculator works

Reduce tenure vs reduce EMI — which saves more?

Reducing tenure while keeping your EMI the same saves significantly more total interest, because you stop paying interest sooner. Reducing your EMI instead gives you lower monthly outflow but you pay interest for the full original tenure.

Does prepayment timing matter?

Yes — a prepayment made earlier in the loan saves more interest than the same amount prepaid later, because more of the loan's lifetime interest is front-loaded in a reducing-balance loan.