Calculate your monthly home loan EMI, then see how much interest and time you can save by making extra monthly prepayments or a one-time lump-sum prepayment.
Prepayment (optional)
How to Use the Home Loan EMI + Prepayment Calculator
Enter your home "Loan Amount (₹)", "Annual Interest Rate (%)", and "Loan Tenure (years)".
Optionally enter an "Extra Monthly Payment" to add on top of every EMI.
Optionally enter a "One-Time Lump Sum" and the month number at which you plan to pay it.
Click "Calculate EMI & Prepayment" to compare your original schedule against the prepayment schedule.
Frequently Asked Questions
Every rupee paid extra directly reduces your outstanding principal, so less interest accrues in every subsequent month. This calculator recalculates the loan balance month-by-month with your extra payments applied, so both the payoff time and total interest shrink.
Both reduce your outstanding principal, but an extra monthly payment compounds its benefit over more months, while a lump sum has the biggest impact the earlier it's paid. Try both fields (together or separately) to compare the interest saved.
The calculator treats blank prepayment fields as zero, so the "with prepayment" results will match the original EMI schedule with no interest saved.
No, this is a simplified illustrative calculator focused on principal, interest, and tenure. Most floating-rate home loans in India don't charge prepayment penalties, but check your loan agreement for any fees or lock-in conditions.