Home Loan Prepayment Calculator India 2026
Calculate how much interest you can save by making part-payments on your home loan. Use the tool below to simulate prepayments and interest rate changes.
Home Loan Calculator
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Amortization Schedule
| Date | EMI | Co-Pay (₹) | Rate (%) | Principal | Interest | Balance |
|---|
Why This is India’s Most Advanced Home Loan Calculator
Most generic bank calculators (like HDFC, SBI, or ICICI) only show you the EMI. They hide the “Interest Trap”—the fact that in the first 5 years of a 20-year loan, nearly 70% of your EMI goes toward interest, not the principal.
The Invest with Bull Home Loan Calculator is a specialized financial tool designed for smart Indian home buyers. Unlike standard calculators, it allows you to simulate real-life scenarios to become debt-free faster:
- Prepayment Simulation: See exactly how much interest you save if you pay an extra ₹50,000 or ₹1 Lakh.
- Floating Rate Adjustments: If the RBI increases the Repo Rate, input the new rate to see how your tenure jumps.
- Tenure vs. EMI Toggle: Decide whether you want to reduce your monthly burden or slash your loan duration.
How to Use This Prepayment Calculator
Follow these 4 simple steps to visualize your interest savings:
- Enter Loan Details: Input your current outstanding Loan Amount, Interest Rate (ROI), and Tenure.
- Set Start Date: Select when your loan started to generate an accurate date-wise schedule.
- Add Co-Payments: Scroll down to the Amortization Schedule table. In the “Co-Pay” column, enter any extra amount (e.g., ₹20,000) for a specific month.
- Analyze the Graph: Watch the Blue Balance Line drop faster. The gap between the original curve and your new curve is your saved money!
Frequently Asked Questions (FAQs)
Is it better to reduce Tenure or EMI when making a prepayment?
Mathematically, it is always better to reduce the Tenure. By keeping your EMI constant and reducing the tenure, you drastically cut down the interest compounding period. Reducing the EMI lowers your monthly burden but saves significantly less interest over the long run.
What is the best time to make a part-payment?
The golden rule is to prepay early. Making a part-payment in the first 5-7 years of a 20-year loan has the highest impact because the interest component is largest at the start. Use our calculator’s table to see how a payment in “Month 12” saves more than a payment in “Month 120”.
How do I check the impact of an interest rate hike?
If the Repo Rate rises, banks usually increase your tenure. To simulate this, go to the “Amortization Schedule” below and enter the new higher rate (e.g., change 8.5% to 9.25%) in the “Rate (%)” column for the current month. The calculator will automatically project your new loan end date.
Is there a penalty for home loan prepayment in India?
As per RBI guidelines, banks cannot charge a prepayment penalty on floating rate home loans for individual borrowers. However, if you have a fixed-rate loan, a penalty of 2-4% might apply. Always check your loan agreement or sanction letter.
