Loan Prepayment Calculator
See how much interest a part-prepayment saves — and how many months it cuts.
Prepaying ₹5 lakh in year one of a ₹50 lakh home loan at 8.75% saves roughly ₹14 lakh in interest and cuts over 2 years off the tenure. The same ₹5 lakh prepaid in year 15 would save a fraction of that — timing matters more than amount.
How to use the loan prepayment calculator
- Enter your loan details.
- Enter the prepayment amount and timing.
- See interest saved and months cut.
Loan Prepayment Calculator — FAQs
Is prepaying always smart?
Almost always for high-rate loans. The exception: if you can earn reliably more after tax elsewhere (say 12%+ in equity over the long term), investing the surplus can win.
Prepay early or late in the tenure?
Early — dramatically so. Interest is front-loaded, so early prepayments kill the most expensive interest first.
Will the bank charge me for prepaying?
Floating-rate home loans: no charges for individuals (RBI rule). Fixed-rate loans and personal/auto loans may charge 2–5%.
Lump sum once a year vs small extra EMIs?
Both work; what matters is total prepaid and timing. One annual bonus prepayment is easier to stick with.
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