Loan Prepayment Calculator
Interest and time saved by prepaying part of your loan.
Loan Prepayment Calculator
Interest and time saved by prepaying part of your loan.
- Interest saved
- ₹14.29 lakh
- New tenure
- 12 yr 3 mo
- Tenure shortened by
- 5 yr 9 mo
- EMI unchanged at
- ₹28,093
How is this calculated?
Formula: The prepayment reduces the outstanding principal while the EMI stays the same, so the loan closes earlier and less interest accrues.
- Floating-rate home loans to individuals generally carry no prepayment charge; confirm the terms of your loan.
Your entries are user inputs; rates and returns you cannot control are assumptions. Results are illustrative, not a statutory computation.
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How this calculator works
The prepayment reduces the outstanding principal while the EMI stays the same, so the loan closes earlier and less interest accrues.
Assumptions
- Floating-rate home loans to individuals generally carry no prepayment charge; confirm the terms of your loan.
Statutory limits used here reflect FY 2025-26 (AY 2026-27). Results are illustrative and do not constitute tax, legal or investment advice. Speak to a Bluman Chartered Accountant before acting on them.
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