| 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 will help you to calculate the amount of your EMI, the total amount along with interest, and the effects of pre payments on a home finance with a bank loan.
A home loan interest rate calculator offers you an easy interface to do all the precise calculations, enabling you to plan your budget well in advance.
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Paying prepayments to a home loan has numerous benefits that save money in the long term. You reduce your total interest burden and lower the total cost of the loan by making extra payments toward your loan principal. You also cut down on the loan tenure, which means you will become debt-free sooner.
Part payments also give you a better financial flexibility as you will have a lesser amount to pay, thus reducing the monthly EMI. Prepayments are a good choice when you have some extra amount with you. In the long run, you end up saving more and experiencing financial peace.