How do prepayments reduce interest in EMI?

Prepayments reduce the principal amount, which decreases the total interest paid over the loan tenure. The savings depend on when you make the prepayment - earlier prepayments save more interest.

Is shorter tenure always better for loans?

Shorter tenure means higher EMI but lower total interest. Choose based on your cash flow - if you can afford higher EMIs, shorter tenure saves money overall.

EMI Calculator

Calculate your Equated Monthly Installments for home loans, car loans, and personal loans. Get detailed amortization schedules and prepayment scenarios.

Comprehensive Loan Calculator

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Property Value (₹)

Down Payment (₹)

Loan Amount (₹)

Auto-calculated: Property Value - Down Payment

Interest Rate (% p.a.)

Loan Tenure (Years)

Registration Charges (₹)

Home Loan Insights

• Loan-to-Value Ratio: 83.3% (Max 80-90% typically)
• Down Payment: 16.7% of property value
• Total Interest: 52.0% of total payment
• Tax Benefits: Up to ₹2L interest deduction under Section 24B

₹43,391

Monthly EMI

₹1,04,13,879

Total Payment

₹54,13,879

Total Interest

₹1,04,73,879

Total Cost

Interest as % of Total52.0%

Principal as % of Total48.0%

Loan Insights

• You'll pay ₹22,557.829 interest per month on average
• Principal repayment starts at ₹7,974 in month 1
• Interest payment starts at ₹35,417 in month 1
• Making extra payments can significantly reduce total interest