Reference 1
- Scenario
- Early monthly extra
- Loan
- INR 50 L
- Prepayment
- INR 10,000/mo
- Likely impact
- High interest saving
वित्त
Loan Prepayment Savings Calculator
Calculate home loan interest savings, revised tenure, and months shaved off by making monthly or yearly loan prepayments.
सूत्र व्याख्या
Monthly interest = balance x monthly rate; balance = balance + interest - EMI - prepaymentThe calculator builds a month-by-month reducing balance schedule, applies the selected prepayment, and compares total interest against the original loan schedule.
Step-by-Step Example
- 1Calculate EMI from principal, monthly interest rate, and original tenure.
- 2Simulate the original loan month by month without extra payment.
- 3Simulate the revised loan with monthly extra or annual lump sum prepayment.
- 4Total interest saved equals original interest minus revised interest; tenure reduction equals original months minus revised months.
Reference
Benchmark Table
Compare common scenarios quickly. Scroll horizontally on smaller screens.
Reference 2
- Scenario
- Annual bonus
- Loan
- INR 60 L
- Prepayment
- INR 1 L/year
- Likely impact
- Strong tenure reduction
Reference 3
- Scenario
- Small late prepay
- Loan
- INR 30 L
- Prepayment
- INR 25,000/year
- Likely impact
- Moderate saving
Reference 4
- Scenario
- No prepayment
- Loan
- Any loan
- Prepayment
- INR 0
- Likely impact
- Original tenure remains
प्रायः सोधिने प्रश्नहरू
Keeping EMI unchanged and reducing tenure usually saves more interest because principal closes faster.
Prepayments made in the early years save the most interest because the outstanding principal is higher.
No. Add any lender penalty separately when comparing net benefit. Floating-rate home loans for individuals often have no prepayment penalty.
Yes. Switch the prepayment type and use the same amount to compare how timing affects interest savings.
Total interest saved
₹21,78,721.22