Loan Prepayment: 30 Lakh Loan, 5 Lakh One-Time Prepayment
A typical bonus-funded prepayment: 5 lakh applied to a 30 lakh loan at month 12, keeping the EMI fixed and shortening the tenure.
A one-time prepayment of ₹5,00,000 on a ₹30,00,000 loan at 9% p.a. saves ₹9,63,480 in interest. Your loan closes in 11 years instead of 15 years, saving ₹9,63,480 in interest.
- Outstanding loan amount
- ₹30,00,000
- Remaining tenure
- 15 years
- Interest rate
- 9% p.a.
- Prepayment
- ₹5,00,000
Interest saved
Reduce tenure₹9.63 Lakhs
₹9,63,480
Your loan closes in 11 years instead of 15 years, saving ₹9,63,480 in interest.
Original EMI
₹30,
EMI stays the same
₹30,
Loan closes in
11 years
Total interest with prepayment
₹15.14 Lakhs
₹15,13,560
Related questions
Loan Comparison Calculator
Compare up to 4 loan offers side by side and see which is cheapest once fees are included.
Stamp Duty & Registration Cost Calculator
Estimate stamp duty and registration charges for a property purchase by state and buyer category.
Education Loan Calculator
Estimate EMIs for an education loan, including any moratorium period.
Car Loan EMI Calculator
Work out your monthly car loan instalment and total interest payable.
Interest saved compares total interest paid over the life of the loan, with and without the prepayment. Floating-rate home loans carry no prepayment penalty under RBI rules; fixed-rate, personal, and some NBFC loans may still charge one.