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EMI Prepayment Calculator
How much interest saved by prepaying your loan?
1yrAfter 3 years19yr
❓ Frequently Asked Questions
Should I reduce EMI or tenure on prepayment? ▾
Reducing tenure saves more interest overall. Reducing EMI gives you more cash flow monthly. If your income is stable, reducing tenure is the better financial choice.
Is there a penalty for home loan prepayment? ▾
RBI mandates zero prepayment penalty on floating rate home loans. Fixed rate loans may have 1-2% penalty. Always check your loan agreement.
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