If you decide to make a full or partial payment against your Home Loan, which is in addition to your regular payment schedule, it can be referred to as a prepayment of the Home Loan. In case your income increases over the tenure of the Loan, you can also speak with your lender to increase your monthly EMI. In both cases, your Loan gets repaid faster, and you can save on the overall...

If you have a Home Loan and wish to pay it off faster or reduce the overall interest burden, a Home Loan prepayment calculator is an excellent tool to help you make informed financial decisions. It enables you to estimate how much interest you can save and how your Loan tenure may be reduced when you make a part prepayment. The Housing Loan prepayment calculator is designed to give...