Home Loan Prepayment Benefit
Free online home loan prepayment benefit that runs entirely in your browser.
How the Home Loan Prepayment Benefit works
The Home Loan Prepayment Benefit works on Outstanding loan (₹), Interest rate (% p.a.), Months remaining, One-time prepayment (₹) and shows the result as you type. The same input always gives the same answer — refresh the page and you will see exactly the same figure.
Formula used
Home Loan Prepayment Benefit is computed by the formula below, using the inputs you provide.
Inputs used: Outstanding loan (₹), Interest rate (% p.a.), Months remaining, One-time prepayment (₹).
Worked example
Take the default example — outstanding loan (₹) of 3500000, interest rate (% p.a.) of 8.5:
- Interest saved: 0
- Months closed early: 0
- Balance after prepayment: 3,500,000
- emi: 3,524,792
Frequently asked questions
- Is the Home Loan Prepayment Benefit free?
- Yes. There is no signup, no usage limit and no watermark — the calculator runs entirely in your browser.
- Does the Home Loan Prepayment Benefit store or send my data?
- No. Every calculation happens locally in the page, so the numbers you type are never uploaded or logged.
- Does it work on a phone and offline?
- Yes — the page is a single lightweight file that adapts to any screen size. Once it has loaded it keeps working without a network connection.
- What inputs does the Home Loan Prepayment Benefit need?
- Outstanding loan (₹), Interest rate (% p.a.), Months remaining, One-time prepayment (₹). Change any of them and the result updates instantly.