Home Loan Prepayment Calculator
Interest saved by prepaying your home loan.
Interest saved
₹7.17 L
Floating-rate home loans have zero prepayment charges for individuals (RBI rule). EMI is assumed unchanged, shortening the tenure — the option that saves the most.
Why early prepayment on a home loan is so powerful
Interest accrues on the outstanding balance, so a prepayment early in the tenure — when the balance is at its peak — eliminates the most future interest. The same amount prepaid late in the loan saves only a fraction. Run a couple of timings above and compare the savings.
Frequently asked questions
Should I lower my EMI or shorten the tenure after prepaying?
Keep the EMI and shorten the tenure if you can afford it — that maximises interest saved. Lower the EMI only if monthly cash flow is genuinely tight.
Related calculators
Numbers look good? Let's make them real.
Get matched to the right lender at the best rate your profile deserves — free, with a QCred advisor on your side.
Apply Now — It's Free