Enter what is left on the loan and the lump sum you can pay. Keeping the EMI and shortening the loan usually saves more interest than lowering the EMI. Everything runs in your browser; nothing you type is saved or sent.
Home loan prepayment
What a lump-sum part payment saves in interest.
₹40 lakh
₹5 lakh
Interest saved
₹10,36,194
Loan ends 39 months sooner (141 months left)
Current EMI ₹39,390
Floating-rate home loans taken by individuals carry no prepayment penalty under RBI rules; check your sanction letter for fixed-rate loans.
Common questions
Should I reduce the EMI or the tenure after a prepayment?
Reducing the tenure and keeping the EMI saves more interest, because the remaining balance is paid off faster. Reducing the EMI eases the monthly budget instead.
Is there a penalty for prepaying a home loan?
Banks and housing finance companies may not charge a prepayment penalty on floating-rate home loans taken by individuals, under RBI and NHB directions. Fixed-rate loans can carry a charge; check the sanction letter.