Home Loan · Prepayment · Interest Savings

Home Loan Prepayment Calculator —
Save Lakhs in Interest

On ₹50L at 8.5% for 20 years, a ₹5L prepayment saves ₹14L in interest and reduces tenure by 3+ years.

On ₹50L at 8.5% for 20 years, a ₹5L prepayment saves ₹14L in interest and reduces tenure by 3+ years.
Enter Details
Amount
₹3,000,000
₹1K₹1Cr
Rate
8%
1%36%
Period (years)
20 yrs
1 yr40 yrs
Result
₹0
calculated value
Invested
₹0
Returns
₹0
Return %
0%
Rate
0%

Frequently Asked Questions

When is the best time to prepay a home loan?+
The first 5 years are most impactful — when most of your EMI goes to interest. Prepaying in years 1-7 saves significantly more than prepaying in year 15-18. Floating rate home loans have zero prepayment penalty by RBI regulation.
Does prepayment affect Section 24 tax deduction?+
Yes — less loan outstanding means less interest paid, so your Section 24 deduction (up to ₹2L for self-occupied) reduces. At 30% slab, factor this in when calculating net savings from prepayment.