ZenMarg calculator
Home loan prepayment calculator
Compare the interest and repayment effect of making a one-time home loan prepayment. Choose whether you want to reduce tenure or EMI.
How this is calculated
The calculator applies the inputs you provide to the relevant loan formula and shows an illustrative result. It does not account for every lender policy, fee, tax, insurance or property-specific condition.
Assumptions
- The interest rate is treated as constant for the illustration.
- Actual outstanding and savings depend on the lender schedule, payment dates and rate changes.
- RBI does not allow prepayment penalties on floating-rate home loans for individuals. [PLACEHOLDER: verify current RBI rule.] Fixed-rate loans may differ.
Frequently asked questions
Should I reduce tenure or EMI?
Reducing tenure usually focuses the benefit on interest reduction, while reducing EMI prioritises monthly cash-flow relief. Compare both against your goals.
What if my rate has changed?
Use the rate that best represents your lender schedule, then ask the lender for the exact foreclosure or part-prepayment statement.
Are prepayment rules the same for every loan?
No. Product type and lender terms matter. Confirm the current written terms before paying.
Continue exploring
Estimate only. Not a loan offer or approval. Your lender's figures may differ.