Reduce tenure
Keep EMI similar and close the loan earlier.
- Interest saved
- ₹10,19,692.65
- Time saved
- 30 months
- Payoff date
- Not set
Home loan tool
Home Loan Prepayment Calculator
Estimate how a lump-sum part payment can change your remaining home loan cost. Compare reducing the tenure against reducing the EMI before deciding what to ask your lender for.
Monthly compounding
Interest is estimated month by month.
Payment first
Prepayment is applied after that month EMI.
Educational use
Actual lender treatment can vary.
Estimated current EMI
₹49,972.43
Reduce EMI
Keep the original tenure and lower future EMIs.
- Interest saved
- ₹3,68,876.19
- EMI reduction
- ₹5,171.16
- Payoff date
- Not set
Reduce-tenure schedule
| Month | Payment | Interest | Prepayment | Balance |
|---|---|---|---|---|
| 1 | ₹49,972.43 | ₹36,458.33 | ₹0 | ₹49,86,485.9 |
| 2 | ₹49,972.43 | ₹36,359.79 | ₹0 | ₹49,72,873.26 |
| 3 | ₹49,972.43 | ₹36,260.53 | ₹0 | ₹49,59,161.36 |
| 4 | ₹49,972.43 | ₹36,160.55 | ₹0 | ₹49,45,349.48 |
| 5 | ₹49,972.43 | ₹36,059.84 | ₹0 | ₹49,31,436.89 |
| 6 | ₹49,972.43 | ₹35,958.39 | ₹0 | ₹49,17,422.85 |
| 7 | ₹49,972.43 | ₹35,856.21 | ₹0 | ₹49,03,306.63 |
| 8 | ₹49,972.43 | ₹35,753.28 | ₹0 | ₹48,89,087.48 |
| 9 | ₹49,972.43 | ₹35,649.6 | ₹0 | ₹48,74,764.65 |
| 10 | ₹49,972.43 | ₹35,545.16 | ₹0 | ₹48,60,337.38 |
| 11 | ₹49,972.43 | ₹35,439.96 | ₹0 | ₹48,45,804.91 |
| 12 | ₹49,972.43 | ₹35,333.99 | ₹5,00,000 | ₹43,31,166.47 |
Showing first 12 months of the reduce-tenure scenario.
This estimate is for education only. It is not financial advice, a loan offer, or a lender statement.
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Methodology
The calculator first builds a baseline amortization schedule from the outstanding balance, annual interest rate, and remaining tenure. It then applies the extra payment after the selected month's EMI. The reduce-tenure scenario keeps the EMI unchanged and closes the loan early. The reduce-EMI scenario recalculates the EMI after the prepayment while keeping the original payoff month.
Money values use half-up rounding to paise. Dates are monthly estimates and are not a substitute for an official lender amortization statement.
FAQs
What is a home loan prepayment?
A prepayment is an extra amount paid toward the outstanding home loan principal in addition to the regular EMI.
Should I reduce EMI or tenure after prepayment?
Reducing tenure usually saves more interest because the EMI stays high and the loan closes earlier. Reducing EMI improves monthly cash flow but usually saves less interest.
Are these results lender quotes?
No. The calculator gives educational estimates based on the entered rate, tenure, balance, and prepayment amount.
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