Current loan details
Outstanding loan balance₹50,00,000
₹
Interest rate (p.a. %)8.50%
Remaining tenure (months)240
Prepayment amount₹5,00,000
₹
Prepayment strategy
Interest saved
—
Prepayment impact
Current EMI—
Total interest without prepayment—
Total interest with prepayment—
Interest saved—
Months saved / new EMI—
Effective return on prepayment—
Should you prepay or invest?
RBI rules: Banks cannot charge prepayment penalty on floating rate home loans (since 2012). For fixed-rate loans, penalty is typically 2–3% of prepaid amount. Always check your loan agreement.