Loan Prepayment Calculator
Interest and time saved by a part-payment or an extra amount each month on your home loan.
The loan ends 6 y 1 m sooner: after 13 y 11 m instead of 20 y 0 m.
You prepay ₹5,00,000 in total. Keeping the EMI and finishing sooner usually saves more interest than lowering the EMI.
Balance left at the end of each year
| Year | Without prepaying | With prepaying |
|---|---|---|
| 1 | ₹29,40,293 | ₹24,40,293 |
| 2 | ₹28,75,309 | ₹23,31,113 |
| 3 | ₹28,04,580 | ₹22,12,283 |
| 4 | ₹27,27,600 | ₹20,82,949 |
| 5 | ₹26,43,815 | ₹19,42,183 |
| 6 | ₹25,52,625 | ₹17,88,975 |
| 7 | ₹24,53,374 | ₹16,22,224 |
| 8 | ₹23,45,351 | ₹14,40,735 |
| 9 | ₹22,27,779 | ₹12,43,203 |
| 10 | ₹20,99,815 | ₹10,28,211 |
| 11 | ₹19,60,540 | ₹7,94,216 |
| 12 | ₹18,08,954 | ₹5,39,538 |
| 13 | ₹16,43,969 | ₹2,62,349 |
| 14 | ₹14,64,402 | ₹0 |
| 15 | ₹12,68,962 | ₹0 |
| 16 | ₹10,56,247 | ₹0 |
| 17 | ₹8,24,730 | ₹0 |
| 18 | ₹5,72,749 | ₹0 |
| 19 | ₹2,98,495 | ₹0 |
| 20 | ₹0 | ₹0 |
Part-paying a home loan
Money paid on top of your EMIs goes straight to the principal, so every later EMI carries less interest. Early in the loan, when most of each EMI is interest, a part-payment saves the most. Since 1 January 2026, RBI rules bar banks and housing finance companies from charging any prepayment or foreclosure fee on floating-rate loans to individuals. Fixed-rate loans may still carry a fee.
Before prepaying, check whether that money would earn more elsewhere after tax, and keep an emergency fund. See your full schedule in the EMI calculator.
Estimates only, not financial advice. Your bank's or fund's actual figures can differ (rounding, fees, taxes, date conventions). Calculated in your browser; nothing you enter is sent anywhere.