WeVividWeVividSee how much interest and time you save by making a lump-sum prepayment on your home loan.
Assumes the EMI stays the same after prepayment, so the loan finishes sooner instead of the EMI reducing.
This calculator assumes you keep the same EMI and let the tenure shorten, which saves the most total interest — most banks let you choose either option.
For floating-rate home loans, RBI rules mean banks generally can't charge a prepayment penalty to individual borrowers.