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Finance Calculators

Loan Prepayment Savings Calculator

See how much interest and time you save by making a lump-sum prepayment toward your loan, while keeping the same EMI.

Part of the Buying a home journey · step 4 of 5 · See the full map →

The remaining balance on your loan today — check your latest statement.

The lump-sum extra amount you plan to pay toward the principal.

Your next decision

What will my EMI be?Recalculate your EMI directly, for a specific loan amount and tenure you already have in mindWhat will a home at this price cost me monthly?Start over from a home price and down payment instead of an existing loan amount

Frequently Asked Questions

How does prepayment save me money?
A lump-sum prepayment reduces your outstanding principal immediately. If you keep paying the same EMI, that smaller principal gets paid off sooner — so you pay interest for fewer months, saving money overall.
Should I reduce my EMI instead of my tenure?
This calculator assumes you keep your EMI the same and finish the loan earlier, since that saves more total interest than lowering the EMI while keeping the original tenure. Check with your lender — some let you choose either option after a prepayment.
Is there a penalty for prepaying my loan?
It depends on your loan type and lender. Many floating-rate home loans in India have no prepayment penalty, but fixed-rate loans and other loan types sometimes do — check your loan agreement before making a large prepayment.