Generate a complete yearly amortization schedule for your home loan.
| Monthly EMI | — |
| Total Interest (without prepayment) | — |
| Interest Saved by Prepayment | — |
Making even small annual prepayments can dramatically reduce your loan tenure and total interest. A ₹50 lakh loan at 8.5% for 20 years with ₹50,000 annual prepayment (prepaid at the end of each year) saves about ₹11.5 lakh in interest and shortens the loan by about 3 years 8 months. Your actual savings depend on when the lender applies the prepayment.
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