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Loan prepayment calculator
Put a lump sum into your loan today and see what it saves: less interest, and either a shorter loan or a smaller EMI.
What one payment does
On ₹40 lakh outstanding at 8.5% with 18 years left, a ₹5 lakh prepayment that keeps the EMI unchanged closes the loan four years and four months early and saves about ₹14 lakh in interest. Choosing a lower EMI instead saves less interest but eases your monthly budget.
Prepay or invest?
Prepaying earns a guaranteed return equal to your loan rate. Investing may earn more, with risk. Prepay first if you have an emergency fund, the loan is young and the rate is high; invest first if you have no safety net or retirement savings yet. Read the full prepayment guide.
Do banks charge for prepaying a home loan?
Not on floating-rate home loans to individuals. Fixed-rate loans and other loan types may carry a charge; check your sanction letter.
How often should I prepay?
Whenever you have surplus cash. A habit of one extra EMI a year takes years off a 20-year loan.