Home Loan Prepayment Calculator
See how much interest and how many EMIs a lump-sum or monthly part-prepayment saves on your home loan. Compare reducing tenure vs EMI.
- Free, no limits
- Runs in your browser
- No sign-up
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How to use the Home Loan Prepayment Calculator
- Enter the loan amount, interest rate and tenure.
- Add a lump-sum prepayment and when you will pay it, or an extra amount every month.
- Compare interest saved for ‘reduce tenure’ vs ‘reduce EMI’.
Frequently asked questions
Is there a penalty for prepaying a home loan?
RBI does not allow banks to charge prepayment penalties on floating-rate loans taken by individuals. Fixed-rate loans may carry a charge.
Reduce tenure or reduce EMI?
Reducing tenure saves more interest because the same EMI keeps paying down principal. Reduce EMI if you need lower monthly outgo.
Is my data stored?
No. Everything runs inside your browser. Nothing you type is uploaded or stored on our servers.
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