Private educational estimate
Home-loan prepayment calculator
Compare a recurring extra-payment pattern using figures from your own statement. This is not a lender quote, financial recommendation, or promise that a lender will reduce tenure in the same way.
Compare one extra-payment pattern
Use the rate and remaining term from your own loan statement. Nothing is sent to NammaGuide.
Illustrative result
- Scheduled monthly payment
- ₹43,391
- Estimated payoff time
- 16 years 9 months
- Estimated time reduced
- 3 years 3 months
- Estimated interest difference
- ₹10,29,139
The model assumes a constant rate, monthly reducing balance, unchanged scheduled payment, and the extra payment after each applicable month’s scheduled payment. It excludes fees, taxes, insurance and lender-specific allocation rules.
Check the lender statement or sanction letter before acting. A lender may reduce the payment instead of the tenure, apply a different date, or impose conditions not represented here.
What the calculation does
It calculates the scheduled payment with the standard monthly reducing-balance formula, then simulates interest, scheduled payment and the selected extra payment month by month. The final payment is capped at the remaining balance.
What to verify before paying
Confirm the outstanding principal, current rate, remaining term, minimum prepayment, processing method, rate-reset treatment and whether your lender reduces EMI or tenure. RBI guidance says borrowers with floating-rate EMI-based personal loans should receive information about reset impact and options, but the loan agreement and lender process still control the individual transaction.
Read RBI’s floating-rate EMI FAQMethod and boundary cases reviewed 13 August 2026. Inputs remain in this browser. Recheck lender terms whenever the interest rate or repayment arrangement changes.