| Monthly EMI | ₹40,571 |
| Monthly Extra Payment | ₹0 |
| Total Monthly Payment | ₹40,571 |
| Down Payment | ₹10,00,000 |
| Principal | ₹40,00,000 |
| Prepayments | ₹0 |
| Interest | ₹33,02,719 |
| Total of all Payments | ₹83,02,719 |
| Year | Principal (A) | Prepayment (B) | Interest (C) | Total Payment (A + B + C) | Balance | Loan Paid To Date (%) |
|---|
Our Home Loan EMI Calculator allows you to calculate your monthly payments, total cost, and the impact of any prepayments when financing a home with a bank loan.
Our home loan interest rate calculator provides an easy-to-use interface with precise calculations, helping you plan your budget and make smart choices.
It requires the following inputs to give you detailed insights:
Prepaying a home loan offers several benefits that can help you save money in the long run. By making extra payments toward your loan principal, you reduce the overall interest burden, lowering the total cost of the loan. It can also shorten the loan tenure, allowing you to become debt-free sooner.
Prepayments also give you more financial flexibility by lowering the loan amount, which reduces your monthly EMI. If you have extra money, it's a good option to consider. In the long run, prepayments can help you save more and bring financial peace.