Home Loan Prepayment Calculator — ₹50 Lakh Loan
See how much interest and tenure you save by prepaying a ₹50 lakh home loan with extra monthly payments.
Home Loan Prepayment — pre-filled with these numbers
Opens the full calculator with these values already set, in your own currency — adjust anything and the result updates instantly.
Open calculator →EMI uses the standard reducing-balance formula. Each month, interest is charged on the outstanding balance, and everything else in your payment reduces principal. Adding extra to the monthly payment goes entirely to principal, which compounds forward — shrinking every future month's interest, which is why extra EMI saves far more than its face value suggests over a long tenure.
Home loan interest is deductible up to ₹2L/year under Section 24(b) for a self-occupied property, and principal repayment counts under Section 80C (within its ₹1.5L combined limit) — factor this tax benefit into the real cost of your EMI before comparing prepayment against investing instead.
Is prepaying a home loan always worth it?
Usually it reduces total interest paid, but compare the loan's interest rate against what that extra money could earn invested elsewhere — if your loan rate is lower than a realistic investment return, prepaying isn't automatically the better move.
Is this a simplified version of the real calculator?
No — it's the exact same calculator, opened with these values already filled in. There's no separate, simplified math happening on this page; everything below adjusts once you open it.