Why prepayment matters on home loans
Because home loan tenures are long, interest often exceeds the principal itself. Even one extra EMI per year, applied to principal, can cut a 20-year loan by 3–4 years. Use the prepayment slider above to see your exact savings.
Tax benefits (India)
Old regime: deduction up to ₹1.5L on principal under Section 80C and up to ₹2L on interest under Section 24(b) for self-occupied property. Compare regimes in our Income Tax Calculator.
FAQ
Fixed vs floating rate?
Most Indian home loans are floating, repo-linked. When rates change, lenders usually adjust tenure rather than EMI — recalculate here with the new rate to see the effect.