LoanClarity

Home Loan EMI Calculator

Model lump sums, monthly extras & rate changes — with a full amortisation schedule.
₹50.00 L
₹
₹5 L₹5 Cr
8.5%
%
1%30%
20 years
yrsmo
1 yr30 yrs
1 May 2026

Repayment Events

Lump sums, monthly extras, or rate resets — in any order

No events yet. Add a prepayment, monthly extra, or a rate change.

Monthly EMI

₹43,391

Principal

₹50,00,000.00

₹50.00 L

Total Interest

₹54,13,878.40

108% of principal

Total Payment

₹1,04,13,878.40

₹50.00 L principal + ₹54.14 L interest · 20 years

Loan Breakdown

Principal · Interest

MONTHLY EMI₹43.4K
Principal₹50.00 L48% of total
Interest₹54.14 L52% of total
EMI #MonthOpeningEMIPrincipalInterestBalance
2026Jun 2026 – Dec 2026—₹3,03,738₹57,022
19% of EMI
₹2,46,716
81% of EMI
₹49,42,978
99% remaining
2027Jan 2027 – Dec 2027—₹5,20,694₹1,04,552
20% of EMI
₹4,16,142
80% of EMI
₹48,38,427
97% remaining
2028Jan 2028 – Dec 2028—₹5,20,694₹1,13,793
22% of EMI
₹4,06,901
78% of EMI
₹47,24,634
94% remaining
2029Jan 2029 – Dec 2029—₹5,20,694₹1,23,851
24% of EMI
₹3,96,843
76% of EMI
₹46,00,782
92% remaining
2030Jan 2030 – Dec 2030—₹5,20,694₹1,34,799
26% of EMI
₹3,85,895
74% of EMI
₹44,65,984
89% remaining
2031Jan 2031 – Dec 2031—₹5,20,694₹1,46,714
28% of EMI
₹3,73,980
72% of EMI
₹43,19,270
86% remaining
2032Jan 2032 – Dec 2032—₹5,20,694₹1,59,682
31% of EMI
₹3,61,012
69% of EMI
₹41,59,588
83% remaining
2033Jan 2033 – Dec 2033—₹5,20,694₹1,73,796
33% of EMI
₹3,46,898
67% of EMI
₹39,85,792
80% remaining
2034Jan 2034 – Dec 2034—₹5,20,694₹1,89,158
36% of EMI
₹3,31,536
64% of EMI
₹37,96,634
76% remaining
2035Jan 2035 – Dec 2035—₹5,20,694₹2,05,878
40% of EMI
₹3,14,816
60% of EMI
₹35,90,756
72% remaining
2036Jan 2036 – Dec 2036—₹5,20,694₹2,24,076
43% of EMI
₹2,96,618
57% of EMI
₹33,66,680
67% remaining
2037Jan 2037 – Dec 2037—₹5,20,694₹2,43,882
47% of EMI
₹2,76,812
53% of EMI
₹31,22,798
62% remaining
2038Jan 2038 – Dec 2038—₹5,20,694₹2,65,439
51% of EMI
₹2,55,255
49% of EMI
₹28,57,359
57% remaining
2039Jan 2039 – Dec 2039—₹5,20,694₹2,88,901
55% of EMI
₹2,31,792
45% of EMI
₹25,68,457
51% remaining
2040Jan 2040 – Dec 2040—₹5,20,694₹3,14,438
60% of EMI
₹2,06,256
40% of EMI
₹22,54,020
45% remaining
2041Jan 2041 – Dec 2041—₹5,20,694₹3,42,231
66% of EMI
₹1,78,463
34% of EMI
₹19,11,788
38% remaining
2042Jan 2042 – Dec 2042—₹5,20,694₹3,72,481
72% of EMI
₹1,48,213
28% of EMI
₹15,39,307
31% remaining
2043Jan 2043 – Dec 2043—₹5,20,694₹4,05,405
78% of EMI
₹1,15,289
22% of EMI
₹11,33,902
23% remaining
2044Jan 2044 – Dec 2044—₹5,20,694₹4,41,239
85% of EMI
₹79,455
15% of EMI
₹6,92,663
14% remaining
2045Jan 2045 – Dec 2045—₹5,20,694₹4,80,241
92% of EMI
₹40,453
8% of EMI
₹2,12,422
4% remaining
2046Jan 2046 – May 2046—₹2,16,957₹2,12,422
98% of EMI
₹4,535
2% of EMI
₹0
0% remaining
Loan Total₹1,04,13,879₹50,00,000₹54,13,879—

Home Loan Prepayment Calculator – Reduce EMI or Tenure (India)

How to use this Home Loan Prepayment Calculator

This free home loan prepayment calculator helps you see how lump‑sum prepayments, extra EMIs, and rate changes affect your EMI, tenure, and total interest for Indian home loans. You can create multiple scenarios, compare them side by side, and understand the impact before you commit.

Steps to use the calculator

  1. Enter your loan amount, interest rate, tenure, and dates as per your sanction letter.
  2. Add prepayment events, extra monthly EMI, or moratorium periods to match your real journey.
  3. Choose whether prepayments should reduce EMI or tenure in each scenario.
  4. Create additional scenarios (for example “Interest Saver” and “Cash Flow Friendly”) and compare their total interest, EMI, and end dates.

Reduce EMI vs Reduce Tenure – which saves more interest?

When you prepay a home loan, you usually get two options: keep the EMI constant and reduce the tenure, or reduce the EMI and keep the tenure similar. Both options are valid, but the interest savings and monthly cash‑flow impact are very different.

Quick comparison

OptionBest forWhat happens
Reduce TenureMaximising interest savingsEMI stays similar, loan ends earlier, interest drops most
Reduce EMIImproving monthly cash flowEMI reduces, loan runs longer, interest savings are lower

Our calculator lets you model both options on the same loan. You can see exactly how many months you save by reducing tenure, and how much EMI relief you gain by reducing EMI, along with the difference in total interest paid.

Plan multiple home loan scenarios

Real‑life home loans don't follow a straight line. You might change jobs, get a bonus, or plan a balance transfer. This tool lets you build multiple scenarios from the same base loan and test different strategies before you decide.

Example scenarios you can compare

  • No prepayment vs one‑time prepayment after 12 months.
  • Single large prepayment vs smaller recurring extra EMI every month.
  • Current bank vs balance transfer to a lower interest rate after a few years.
  • Aggressive “interest saver” prepayments vs a “cash‑flow friendly” plan with lower EMIs.

Home loan moratorium and missed EMI impact

Moratoriums and missed EMIs can give short‑term relief, but they also add interest and can extend your loan significantly. Instead of guessing, you can simulate these events and see the exact change in tenure and total cost.

What you can simulate

  • Add a moratorium period and see how interest accrues during the pause.
  • Model one or more missed EMIs and the resulting catch‑up payments.
  • Add fees and penal interest as separate events to see the true cost.
  • Compare a “no moratorium” scenario against a “moratorium” scenario to understand the trade‑offs.

FAQs on Home Loan Prepayment in India

A home loan prepayment calculator is a tool that shows how lump-sum payments or extra EMIs reduce your outstanding principal, interest cost, and tenure on a home loan. Instead of only giving a static EMI value, this calculator lets you model multiple prepayments over time and see their impact on your overall repayment schedule.
If your goal is to save maximum interest, reducing tenure is usually more effective because you cut down the number of months interest is charged. If you need better monthly cash flow, reducing EMI gives you immediate relief but often results in higher total interest compared to tenure reduction. The safest approach is to model both options for your actual loan and compare the end date and total interest side by side.
Yes. You can add multiple one-time prepayment events on different dates and also set up recurring extra EMI payments. The calculator rebuilds your amortisation schedule after each event, so you can see how a combination of yearly bonuses and small monthly overpayments changes your EMI, tenure, and total interest.
During a moratorium, EMIs are temporarily paused but interest usually continues to accrue on the outstanding principal. This accrued interest is then added back to your loan, increasing the total amount you repay and often extending the tenure. By simulating a moratorium period in the calculator, you can see how much extra interest you pay and how much later your loan will finish compared to a no-moratorium scenario.
Yes. You can model floating-rate loans by adding rate-change events on the dates when your lender resets the interest rate. Each rate change updates the schedule from that point onward, so you can see how rising or falling rates affect your EMI, tenure, and total interest over the life of the loan.
Within the app you can create multiple scenarios from the same base loan, each with its own prepayment strategy, moratorium assumptions, and rate changes. You can then compare two scenarios side by side at a time, which keeps the comparison clear while still showing meaningful differences in EMI, total interest, and loan end date.