Home loan prepayment calculator
Keep your EMI the same and pay extra: see how much sooner the loan ends and how much interest you save. Everything is calculated on this device.
Interest you save₹13,19,639
Loan ends sooner by3 years 5 months
Your EMI (unchanged)₹43,391
Without prepayment
- Loan runs for
- 20 years
- Total interest
- ₹54,13,879
With prepayment
- Loan runs for
- 16 years 7 months
- Total interest
- ₹40,94,240
- Total prepaid
- ₹5,00,000
How it is calculated
Each month: interest = balance × r; balance = balance − (EMI − interest) − prepayment
r = yearly rate ÷ 12 ÷ 100. The EMI stays the same; every rupee you prepay goes straight to the principal, so the loan ends sooner.
Assumptions
- The interest rate stays the same for the whole loan (no floating-rate changes).
- Prepayments reduce the tenure, not the EMI, and go fully to principal.
- Monthly extras are paid with every EMI; yearly extras after every 12th EMI.
- Prepayment charges, fees and tax effects are not included — ask your lender and your CA.
For estimation only — verify with a professional.