See how much interest you could save, and how much sooner you could finish your home loan, by paying extra.
Check your latest loan statement for this amount.
Paid now, on top of your regular EMI.
| Before prepaymentBefore | After prepaymentAfter | |
|---|---|---|
| Monthly EMI | — | — |
| Loan ends in | — | — |
| Total interest | — | — |
| Interest saved | — | — |
| Before prepaymentBefore | After prepaymentAfter | |
|---|---|---|
| Monthly EMI | — | — |
| Loan ends in | — | — |
| Total interest | — | — |
| Interest saved | — | — |
Enter your loan details and tap Calculate prepayment savings.
A prepayment reduces your outstanding loan balance.
Interest is then calculated on the lower balance.
Your new loan balance will appear here once you calculate.
After a prepayment, your lender may let you either reduce your EMI or reduce your loan tenure.
Neither option is right for everyone.
The calculator shows both options so you can compare them.
Ask your lender which option they apply by default and whether you can choose the other option.
See how your savings could change if you prepay ₹1 lakh, ₹2 lakh, ₹5 lakh or ₹10 lakh.
| One-time prepayment | Interest saved | Loan ends earlier |
|---|---|---|
| ₹1,00,000 | ₹2.49 lakh | 7 months |
| ₹2,00,000 | ₹4.81 lakh | 1 year 1 month |
| ₹5,00,000 | ₹10.91 lakh | 2 years 8 months |
| ₹10,00,000 | ₹18.86 lakh | 4 years 10 months |
| One-time prepayment | New EMI | Interest saved |
|---|---|---|
| ₹1,00,000 | ₹48,252 | ₹77,206 |
| ₹2,00,000 | ₹47,267 | ₹1.54 lakh |
| ₹5,00,000 | ₹44,313 | ₹3.86 lakh |
| ₹10,00,000 | ₹39,390 | ₹7.73 lakh |
Based on ₹50,00,000 still to repay, 8.5% interest and 15 years left. Your selected amount is highlighted.
Yes.
A prepayment made earlier can save more interest because it reduces your loan balance sooner.
| When you prepay | Interest saved | Loan ends earlier |
|---|---|---|
| Now | ₹10.91 lakh | 2 years 8 months |
| After 1 year | ₹9.75 lakh | 2 years 5 months |
| After 3 years | ₹7.65 lakh | 2 years 1 month |
| After 5 years | ₹5.82 lakh | 1 year 9 months |
| After 10 years | ₹2.27 lakh | 1 year 2 months |
Based on a one-time prepayment of ₹5,00,000 on ₹50,00,000 still to repay, 8.5% interest and 15 years left, keeping the same EMI.
Under RBI rules, lenders cannot charge prepayment fees on floating-rate home loans taken by individuals for personal use.
Fixed-rate loans and loans taken for business purposes can have different rules.
Check your loan agreement or Key Facts Statement, and confirm with your lender before you prepay.
If another lender offers you a lower rate, you can also compare switching with the Home Loan Balance Transfer Calculator.
It can.
Prepaying your home loan reduces the interest you pay in future years.
This may also reduce the home-loan interest you can claim as a tax deduction.
Tax treatment depends on your tax regime and personal situation.
Check with a tax adviser before making a decision based on tax savings.
This calculator does not check:
The result is an estimate.
Your lender's figures may differ slightly.
It can do either, depending on how your lender applies the prepayment.
You may be able to keep the same EMI and reduce your loan tenure, or reduce your EMI and keep a similar tenure.
Keeping the same EMI generally results in greater interest savings because the loan is paid off sooner.
Reducing the EMI gives you more money available each month.
For example, on a ₹50 lakh loan at 8.5% with 15 years left, a ₹5 lakh prepayment saves about ₹10.91 lakh if you keep the EMI, and about ₹3.86 lakh if you reduce the EMI.
Compare both options based on your own financial needs.
On a ₹50 lakh loan at 8.5% with 15 years left, a ₹5 lakh prepayment made now saves about ₹10.91 lakh in interest and finishes the loan 2 years 8 months earlier, if you keep the same EMI.
Your saving depends on your outstanding loan, interest rate, remaining tenure and when you prepay.
Enter your numbers above to see your own estimate.
Yes.
An earlier prepayment can save more interest because it reduces your outstanding balance sooner.
In the same example, ₹5 lakh paid now saves about ₹10.91 lakh, while the same amount paid after 5 years saves about ₹5.82 lakh.
Many home loans allow part-prepayments, but the rules can vary by lender and loan type.
Check your loan agreement and confirm with your lender.
On a ₹50 lakh loan at 8.5% with 15 years left, paying an extra ₹1 lakh every year saves about ₹10.01 lakh and finishes the loan 3 years 6 months earlier.
An extra EMI is a form of prepayment.
It can reduce the interest you pay and help you finish the loan earlier.
On a ₹50 lakh loan at 8.5% with 15 years left, one extra EMI of ₹49,237 each year saves about ₹5.77 lakh and finishes the loan 2 years earlier.
Use the Every year option above to check your own loan.
Yes.
A prepayment reduces the outstanding principal of your loan.
Future interest is then calculated on the lower balance.
Under RBI rules, lenders cannot charge prepayment fees on floating-rate home loans taken by individuals for personal use.
Fixed-rate loans and business loans can have different rules.
Check your loan agreement or Key Facts Statement and confirm with your lender.
No.
The calculator focuses on the estimated interest and tenure impact of your prepayment.
Any lender-specific charges are not included.
Your outstanding loan balance can be reduced to zero, subject to your lender's process and any amount due.
The loan can then be closed once the lender completes the formalities.
Remember to collect your original property documents and a no-dues certificate.
It can.
Lower future interest payments may reduce the amount of home-loan interest you can claim as a tax deduction.
Your actual tax treatment depends on your tax regime and situation.
There is no single answer for everyone.
Prepayment can reduce future loan interest, while investing may offer returns but also carries risk.
Consider your loan rate, investment options, taxes, emergency savings and financial goals before deciding.
This calculator gives an estimate based on the numbers you enter.
It does not check your loan agreement or your lender's specific rules.
Last updated: 3 October 2026
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