Loan prepayment calculator: interest and time you can save.
Paying a little more than your EMI every month cuts the loan tenure and the total interest. See how much you could save.
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₹1L₹5Cr
%
5%16%
yrs
1 yr30 yrs
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₹0₹2L
Current EMI—
Interest saved—
Loan ends earlier by—
Balance (no prepayment)Balance (with extra)
For illustration only, at the rates you enter. Actual results will differ.
Get a free planHow it is calculated
Both loans start from the same balance and EMI. In the second, the extra amount goes straight to principal every month, so less interest builds up and the loan closes sooner.
Banks do not charge prepayment penalties on floating-rate home loans to individuals; check your loan terms.
Common questions
Should I prepay my loan or invest?
It depends on the loan rate after tax benefits, your risk comfort and other goals. Prepaying gives a guaranteed saving equal to the loan rate.
Reduce EMI or tenure?
Keeping the EMI and cutting the tenure usually saves more interest.
Do I lose tax benefits?
Less interest paid can mean a smaller interest deduction under the old regime. Compare the net effect.
Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Returns shown are illustrations at an assumed rate and are not guaranteed. Plenitude Connect is an AMFI-registered Mutual Fund Distributor (ARN-130934); these tools are for education and are not investment advice.
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