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🏠 Home Loan Prepayment Calculator

Input your outstanding loan details to see how much interest and tenure you can save by making prepayments.

📊 Enter Outstanding Principal & Current EMI
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🔗 Smart Tenure / Rate Auto-Fill
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Housing Loan Prepayment Calculator India

Reviewed by · · 9 min read

Frequently Asked Questions (FAQs)

No, according to RBI directives, individual borrowers with floating-rate home loans from All Indian Lenders do not face any prepayment or foreclosure fees.
Tenure reduction is highly recommended. Keeping your EMI the same and reducing tenure keeps compounding periods shorter, saving significantly more interest.
You can make prepayments as often as you have surplus funds. However, All Indian Lenders may enforce a minimum part-payment threshold (e.g., equivalent to 2 or 3 EMIs).
Yes, prepayment principal amounts are eligible for tax deductions up to ₹1.5 Lakhs under Section 80C of the Income Tax Act.
Paying one extra monthly EMI value as a part-payment every year can reduce a standard 20-year home loan tenure to just 15 years.
The prepayment amount is deducted directly from the outstanding principal balance, reducing interest calculations for all subsequent months.
Yes. You must notify All Indian Lenders to adjust the prepayment against your outstanding principal and issue an updated repayment schedule.
If your loan rate is 8.5% and mutual funds return 12-15%, investing may yield higher wealth. However, prepaying offers a guaranteed, risk-free return of 8.5%.
No. Prepaying or closing a loan early reduces your debt balance and credit utilization ratio, which helps improve your CIBIL score.
Yes, most banks permit online part prepayments through net banking portals or mobile apps.

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