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Home Loan EMI Calculator with Prepayment

Our Home Loan Calculator with Prepayment helps you estimate monthly EMIs and see how prepayments can reduce your loan tenure and interest. Input your loan amount, interest rate, and prepayment details to instantly visualize the impact and save more on your home loan repayment.

$
years
%

$
Monthly Instalment :
$89,973
Principal Amount
$10,000,000

Total Interest
$11,593,423

Total Payable Amount (Principal + Interest)
$21,593,423

Principal
Interest

You will pay $11,593,423 in interest (which is 115.93% of the loan amount) on taking a loan of $10,000,000 for 20 years. The loan will get paid off by Jul, 2044

Amortization Details

Year Total Payment (Principal + Interest)PrincipalInterest Remaining Balance
2024$449,863$75,994$373,869$9,924,006
2025$1,079,671$194,400$885,271$9,729,606
2026$1,079,671$212,636$867,035$9,516,970
2027$1,079,671$232,583$847,089$9,284,387
2028$1,079,671$254,400$825,271$9,029,987
2029$1,079,671$278,265$801,406$8,751,722
2030$1,079,671$304,368$775,303$8,447,354
2031$1,079,671$332,920$746,751$8,114,434
2032$1,079,671$364,150$715,521$7,750,284
2033$1,079,671$398,310$681,361$7,351,974
2034$1,079,671$435,674$643,997$6,916,300
2035$1,079,671$476,543$603,128$6,439,756
2036$1,079,671$521,246$558,425$5,918,510
2037$1,079,671$570,143$509,528$5,348,367
2038$1,079,671$623,626$456,045$4,724,741
2039$1,079,671$682,127$397,544$4,042,614
2040$1,079,671$746,115$333,556$3,296,499
2041$1,079,671$816,106$263,565$2,480,393
2042$1,079,671$892,662$187,009$1,587,731
2043$1,079,671$976,400$103,271$611,331
2044$629,808$611,331$18,477$0

About Home Loan EMI Calculator

Looking to buy a home and manage your loan efficiently? Our Home Loan Calculator with Prepayment is designed to help you plan your loan repayment, including the option to factor in prepayments. Whether you're purchasing a new property or refinancing an existing loan, this tool helps you estimate your monthly EMIs, total loan cost, and the impact of prepayments on reducing your loan tenure and interest.

How Does the Prepaying Home Loan EMI Calculator Work?

Prepayment Impact: If you make a lump sum prepayment during your loan term, it will lower either your monthly EMI or reduce the total loan tenure. By inputting your prepayment amount and frequency, you can instantly see how much you’ll save on interest and by how many months or years your loan duration will be shortened.

How to Use the Home Loan EMI Calculator with Prepayment?

  1. Enter Your Loan Amount: This is the total amount you plan to borrow.
  2. Choose the Interest Rate: Input the interest rate offered by your lender.
  3. Set the Loan Tenure: Decide how many years you want to repay the loan.
  4. Add Prepayment Details: Enter any lump sum amounts you plan to pay, along with the prepayment frequency (once, yearly, etc.).
  5. View the Impact: See how your prepayments reduce your interest cost and loan tenure.

Why Use a Home Loan EMI Calculator with Prepayment?

A Home Loan Calculator with Prepayment helps you:

  • Plan Smart Repayments: Understand how prepayments reduce your overall loan burden.
  • Save on Interest: See how early repayments help you cut down on total interest payments.
  • Shorten Loan Tenure: Use prepayments to reduce the loan duration and become debt-free sooner.
  • Compare Options: Experiment with different loan amounts, interest rates, and prepayment plans to find the best repayment strategy for your situation.

Benefits of Using the Home Loan Calculator with Prepayment

  • Instant Results: Get immediate answers to your car loan questions.
  • Flexible Planning: Adjust your loan tenure and prepayment schedule to suit your financial goals.
  • No Guesswork: Clear, accurate estimates to help you make informed decisions.
  • Visual Impact: See the immediate effects of prepayments on your loan tenure and interest savings.

Take Control of Your Home Loan Repayment Today!

Ready to see how prepayments can save you money on your home loan? Use our Home Loan Calculator with Prepayment to plan your payments smartly and get the most out of your financial strategy. Calculate your EMI and prepayment impact now to take control of your home loan!

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