Home Loan Prepayment Calculator

Outstanding amount

Rate of Interest (P.a)


Loan Tenure (Years)


Part-prepayment amount

Monthly EMI


Total interest


Total Amount


What is a Home Loan Prepayment Calculator?

The home loan prepayment calculator is an excellent tool for home loan borrowers looking to pay off their loans early. With the help of this calculator, you can estimate the amount you will save on interest and principal repayments if you prepay your home loan.

Navi’s home loan prepayment calculator is an accurate and user-friendly tool for planning your home loan prepayments. Just enter your outstanding amount, rate of interest and loan tenure. The online calculator will display the amount you can save on interest and principal payments in just a few seconds.

How to Use Navi Home Loan Prepayment Calculator?

To estimate the revised EMI amount after you make your home loan prepayment, you must enter the loan amount, existing EMI amount, tenure, etc. These data will help the online tool to calculate the revised amount.

Here’s how you can calculate your revised EMI payout:

Select the loan amount

Slide the bar to select the home loan amount

Select the prepayment amount

Slide the bar to select the amount you want to prepay

Select the tenor

Next, enter the time period (months/years) the loan is valid for

Select the interest rate

Slide the bar to select the interest rate

Select the existing EMI amount

Finally, select the existing EMI you are paying

You will be able to view the revised EMI you need to pay.

What is the Formula to Calculate Home Loan Prepayment?

A home loan prepayment calculator can help determine how much you can save by paying off your existing home loan early before maturity. This can be done either by prepaying at regular intervals or paying off in one lump sum.

For instance, you have taken a home loan of ₹25,00,000 for a period of 10 years at 10% interest rate. Ideally, you would have paid an interest of ₹14,64,522 on the loan.
If you make a prepayment of ₹1,00,000, the EMI tenure reduces by 5 months, making the effective home loan tenure to be of 9 years 7 months. Simultaneously, the total interest after prepayment would be ₹13,71,946. Thus, you will save ₹92,576 in interest.

Advantages of Using Home Loan Prepayment Calculators

Here are some of the advantages of the Navi home loan prepayment calculator:

User-friendly design

Navi home loan prepayment calculators have a clean interface

Saves time

Navi calculators fetch results in seconds!

Helps you plan better

Plan your home loans, EMIs and savings in an instant

Frequently asked questions

Navi’s home loan prepayment calculators are accurate. However, consult your financial advisor before taking any step.

Use Navi’s home loan prepayment calculator to calculate your EMI instantly.

Partial prepayment is when you pay off a portion of your loan. It’s available on home, auto, personal, and even credit card loans. In most cases, partial prepayment can be done by paying in advance for as long as you want—for example, one month or six months.
You can prepay your loans if you wish to quickly close your loan tenors or save interest. However, you may be subject to certain terms and conditions if you choose to close your loan.
Home loan rates may fluctuate based on market conditions and many other factors. Reach out to your bank for a detailed understanding of your interest rate.

On fixed rate home loans, the banks may charge a small percentage. However, for flexible rate home loans, you don’t have to pay prepayment fees. Contact your bank to get more clarification.

Lenders usually finance around 75% to 90% of the property cost. You must bear the remaining 10% to 25% of the cost. Navi finances up to 90% of the property value, based on your eligibility.
Yes. Indian residents are eligible for availing tax benefits on both the principal amount and interests of a home loan under the Income Tax Act, 1961. You can claim tax benefits under Section 80C 24(b), 80EE and/or 80EEA.
Disclaimer : Navi does not guarantee accuracy, completeness or correct sequence of any of the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness / accuracy. The use of any information set out is entirely at the User’s own risk.


Current Housing Loan Interest Rates in 2022

Sep 02

Current Housing Loan Interest Rates in 2022

Home loan interest rates, additional fees & charges vary across banks & NBFCs. Click here to get the list of home loan interest rates.

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