Calculate interest savings and tenure reduction for one-time or recurring loan prepayments.
Loan prepayment reduces the outstanding principal balance immediately. Since interest is calculated on the reducing balance, prepaying ₹1 Lakh early in a 20-year home loan can save over ₹4 Lakhs in total interest. Banks usually default to 'Reduce Tenure' when you prepay, which is mathematically superior to 'Reduce EMI' for interest savings.
Last verified May 2026
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