Calculate how much you save by making extra prepayments on your home loan.
| Regular Payoff Date | — |
| Early Payoff Date | — |
| Time Saved | — |
| Interest Saved | — |
An extra ₹5,000/month on a ₹50 lakh home loan at 8.5% for 20 years can save about ₹13.9 lakh in interest and close the loan about 4 years 5 months early. Under RBI's Pre-payment Charges Directions, 2025, banks, NBFCs and other regulated lenders cannot charge pre-payment charges on floating-rate loans to individuals for non-business purposes sanctioned or renewed on or after 1 January 2026. Fixed-rate and older loans may differ, so check your sanction letter and loan agreement.
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