Loans · Home Loan

Home Loan Prepayment

See interest saved if you prepay a home loan. Compare reducing EMI versus finishing earlier, including optional yearly extras. Educational estimates, not a bank quote or financial advice.

See interest saved if you pay extra — reduce EMI or finish sooner.

Ready

Prepayment scenario

One-time extra, optional yearly top-up

Outstanding principal

₹

Current EMI

₹

Rate

Remaining years

Extra months

Prepayment amount

₹

Prepayment date

Yearly extra (optional)

₹

Prepayment charge

GST on charge

Reduce tenureKeep EMI, finish the loan soonerReduce EMIKeep the end date, lower monthly outgo

See what extra payment buys

Prepayment cannot exceed outstanding principal. Paying the full outstanding is treated as a close. Lenders may cap how often you can prepay.

How to use this calculator

Enter the amount, rate, and tenure from your quote or statement.
Press Calculate — figures come from loan-service, not a live bank API.
Copy the link to reopen the same inputs. Confirm the number with the lender before you apply.

Common questions

Should I reduce EMI or tenure?

Reducing tenure usually saves more interest. Reducing EMI frees cash each month. Check whether your lender charges for part-prepayment.

Is this financial advice?

No. FinanceControl tools are educational. Figures are estimates, not a quote, offer, or recommendation. Confirm with the provider and a qualified professional.