What is a Home Loan Prepayment Calculator?
We run the amortization with EMI plus extra each month until the balance is zero.
How is it calculated?
Enter principal, rate, original tenure and extra monthly amount.
Formula used
Each month: interest on balance; principal = EMI + extra − interest
Worked example
A modest extra payment can save years and a large interest amount on a long home loan.
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Frequently asked questions
Are results guaranteed?
No. These are planning estimates based on the numbers you enter.
Grow Money Calculator provides general financial calculation tools for educational and planning purposes. Results are estimates based on the information you enter and may differ from actual lender, bank or investment-product calculations. This is not a loan offer or investment advice. Read the full disclaimer.