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See exactly how much interest and tenure a prepayment saves you — and whether to reduce your tenure or your EMI.
Your loan closes 3y 8m earlier with this prepayment.
| Metric | Without prepayment | With prepayment | Difference |
|---|---|---|---|
| Remaining tenure | 15y 0m | 11y 4m | −3y 8m |
| EMI | ₹34,466 | ₹34,466 | −₹0 |
| Total interest payable | ₹27,03,859 | ₹16,80,607 | −₹10,23,253 |
| Total amount payable | ₹62,03,859 | ₹51,80,607 | −₹10,23,253 |
| Period | Opening Balance | Principal | Interest | Prepayment | Closing Balance |
|---|---|---|---|---|---|
| Year 1Prepayment | ₹35,00,000 | ₹1,64,917 | ₹2,48,673 | ₹5,00,000 | ₹28,35,083 |
| Year 2 | ₹28,35,083 | ₹1,79,494 | ₹2,34,096 | ₹0 | ₹26,55,588 |
| Year 3 | ₹26,55,588 | ₹1,95,360 | ₹2,18,230 | ₹0 | ₹24,60,228 |
| Year 4 | ₹24,60,228 | ₹2,12,628 | ₹2,00,962 | ₹0 | ₹22,47,600 |
| Year 5 | ₹22,47,600 | ₹2,31,423 | ₹1,82,168 | ₹0 | ₹20,16,177 |
| Year 6 | ₹20,16,177 | ₹2,51,878 | ₹1,61,712 | ₹0 | ₹17,64,299 |
| Year 7 | ₹17,64,299 | ₹2,74,142 | ₹1,39,449 | ₹0 | ₹14,90,157 |
| Year 8 | ₹14,90,157 | ₹2,98,374 | ₹1,15,217 | ₹0 | ₹11,91,783 |
| Year 9 | ₹11,91,783 | ₹3,24,747 | ₹88,843 | ₹0 | ₹8,67,036 |
| Year 10 | ₹8,67,036 | ₹3,53,452 | ₹60,139 | ₹0 | ₹5,13,584 |
| Year 11 | ₹5,13,584 | ₹3,84,694 | ₹28,897 | ₹0 | ₹1,28,891 |
| Year 12 | ₹1,28,891 | ₹1,28,891 | ₹2,219 | ₹0 | ₹0 |
* Prepayment is assumed to carry no foreclosure/prepayment penalty, per RBI/NHB guidelines for floating-rate home loans. Figures are estimates for planning purposes.
Compare personalized offers from 50+ banks and NBFCs based on your income and credit profile.
Now that you can see how much a prepayment saves you, the next step is making sure you're on the lowest rate possible — a lower rate compounds with every prepayment you make.
Ambak compares real offers from 50+ banks and NBFCs in real time, so you don't have to visit each lender separately or negotiate on your own.
A lower interest rate doesn't just reduce your EMI — it means every future prepayment you make saves you even more interest, which is exactly what the calculator above is tracking. Compare your options below to see what you actually qualify for.
Common questions about home loan prepayment and how this calculator works.