What changes if you prepay ₹10,000 extra each month?
Compare remaining home-loan interest and payoff time with an additional monthly payment, using the same original EMI.
Read the guideLoan prepayment
See how an extra payment brings freedom closer.
Estimated interest saved
₹16,06,322
Original monthly EMI₹36,218
New total monthly payment₹46,218
Original payoff216 months
Payoff with prepayment135 months
Time saved81 months
Balance with monthly prepayments
For illustration only. Read the assumptions below for the full picture.
Estimates, not promises. Explore different scenarios.
Understand your result.
Explore how a fixed extra payment each month could reduce loan interest and bring the payoff date closer. The comparison keeps the original EMI and reduces the remaining tenure.
Read both the rupees saved and the months removed. The saving assumes prepayments begin with the next instalment and continue as entered.
A worked example.
Using this calculator’s default inputs, estimated interest saved is ₹16,06,322. This is an illustration of the stated formula, not a forecast.
See the example inputs
| Outstanding loan balance | ₹40,00,000 |
|---|---|
| Annual interest rate | 8.5 % |
| Time period | 18 years |
| Extra monthly payment | ₹10,000 |
A common mistake to avoid
Assuming a lender will automatically shorten tenure instead of reducing the EMI.
Questions you might have.
Does this include prepayment charges?
No. Check the actual loan terms and any applicable costs separately before comparing the financial benefit.
Can I model a single lump-sum prepayment?
This tool models an extra monthly amount. A one-off payment needs a separately specified schedule.
Prepared by INDwise · Calculation checks: 29 October 2026 · How we check the maths · Report a correction
How we calculate it
Compare the original EMI schedule with the same EMI plus an extra payment each month; hold EMI constant and reduce tenure.
Assumptions & things to know
Prepayments start with the next EMI. Constant rate, no prepayment fees, no rate changes or tax benefits included.
Your privacy & sharing
Your financial inputs are used only within this page. Saved calculators use this browser’s local storage. Sharing creates a link with the entered values, so anyone with that link can see those values. A downloaded summary stays on your device.