Smart Savings
Prepayment Savings Calculator
Discover how a smart prepayment strategy can dramatically reduce your total interest and loan tenure.
Prepayment Calculator
Twenty Lakh
(10.0 Yrs)
Two Lakh
16%Saved
Tenure Reduced By
19 Months
1.6 years off your original 10.0-year term
Interest Saved₹3,24,38026.2% Less Interest Overall
New Total EMI₹26,987
New Total Tenure101 Mo
Base Interest
₹12,38,440
New Interest
₹9,14,060
Earlier = Better
Prepaying in the first few years saves the most interest since early EMIs are interest-heavy.
No Penalty on Floating
RBI mandates zero prepayment penalty on floating rate loans from banks. Check with NBFCs.
Reduce Tenure, Not EMI
Keeping your EMI same after prepayment and reducing tenure saves more interest overall.
Tax Benefits
Prepayment on home loans qualifies for tax deduction under Section 80C up to ₹1.5 Lakh.