Loan prepayment calculator
See how much interest and time you save by paying extra each month or making a one-time prepayment.
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Detailed breakdown
How it's calculated
The EMI stays the same and any extra payment reduces the principal directly, so the loan finishes sooner. The one-time prepayment is applied at the start of the year you choose, before that year's first EMI; only what's needed to close the loan is counted.
Common questions
Are there charges for prepaying?
For floating-rate home loans taken by individuals, banks can't charge prepayment penalties. Fixed-rate and some other loans may have charges; check your agreement.
Should I reduce the EMI or the tenure?
Reducing the tenure saves more interest. Reducing the EMI eases monthly cash flow.
Last reviewed October 2026 · How we calculate · About Selvayana
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