Loan prepayment calculator

Try extra monthly payments or a one-time prepayment and see the interest saved and how much earlier your loan ends. Free, private (runs in your browser) — no sign-up.

Loan outstanding

Interest rate

Remaining tenure

yrs

Extra every month

One-time prepayment now

Currency

Interest you save

₹11,73,056

Loan ends earlier by

6 yr 4 mo

Current EMI

₹26,035

Banks can't charge prepayment penalties on floating-rate home loans for individuals in India. Early prepayments save the most interest.

Want this tracked automatically every month — with reminders and an AI that explains it in Hindi or Gujarati? Create a free Budget Pro account →

Should I reduce EMI or tenure after prepaying?

Keeping the EMI and reducing the tenure saves much more interest. Reduce the EMI only if your monthly budget is tight.

More free calculators

EMI calculator

50/30/20 budget planner

Savings goal calculator

SIP calculator

Income tax calculator (FY 2026-27)

FD calculator