Loan Prepayment Calculator
See exactly how much interest you save by paying a little extra every month.
₹40.00 L
₹1L₹2 Cr
8.75%
7%20%
20 years
1 yr30 yrs
₹5,000
₹0₹1L
Quick select:
Your current EMI₹35,348/mo
New total monthly payment₹40,348/mo
By paying ₹5,000 extra/month, you save:
Interest Saved
₹13.57 L
Time Saved
5y 3m
Loan closes in14y 9m (vs 20y)
Total interest (with extra)₹31.27 L
Total interest (without)₹44.84 L
Scenario
Without Extra
With Extra
Monthly Payment
₹35,348
₹40,348
Loan Duration
20y
14y 9m
Total Interest
₹44.84 L
₹31.27 L
Total Amount Paid
₹84.84 L
₹71.27 L
Why Prepayment is So Powerful
Early years matter most
In the first 5 years, 80%+ of your EMI goes to interest. Extra payments in this period save the most.
No prepayment penalty
RBI mandates zero prepayment charges on floating rate home loans from banks. Check if your lender charges on fixed rates.
Salary hike strategy
Each time you get a raise, increase your prepayment amount. You won't miss money you never had in your budget.