CALCULATORS • PROPERTY
Loan Prepayment Calculator
Check what a part-payment saves you in interest and years.
Save massive interest
See how a small lump sum drastically cuts your bank interest.
ABOUT THIS CALCULATOR
What is the Loan Prepayment Calculator?
Making part-payments on your home loan can dramatically reduce your total interest burden and help you become debt-free years ahead of schedule. A Loan Prepayment Calculator helps you visualize the financial impact of paying a lump sum amount against your outstanding principal.
Calculator Details
Adjust the values below to see your personalized results.
₹
₹1 L₹10 Cr
%
5%16%
yr
1 yr30 yr
A one-time payment, over and above your EMIs
₹
₹0₹50 L
How far into the loan you make the payment
yr
1 yr20 yr
Interest you save
₹13,19,639
Interest without part-payment₹54,13,879
Interest with part-payment₹40,94,240
Loan closes earlier by3 yr 5 mo
New tenure16 yr 7 mo
EMI (unchanged)₹43,391
Tip: Paying early in the tenure saves the most, because that is when the interest share of each EMI is highest.
What this calculation assumes
- The part-payment goes straight against the outstanding principal, the EMI stays the same and the tenure shortens. Ask your bank for this option — some reduce the EMI instead, which saves less interest.
- The interest rate stays the same throughout.
- Home loans to individuals on a floating rate usually carry no prepayment penalty; fixed-rate and other loans may. Check your sanction letter.
The result is an estimate to help you plan. Your bank, insurer or fund house will confirm the exact figures, and market-linked returns are never guaranteed.
Want this checked for your own case?
Send us your numbers and we will walk you through the options — there is no fee for the advice.