Loan Prepayment: 30 Lakh Loan, 5 Lakh Prepayment, Reduce EMI
The same 5 lakh prepayment on a 30 lakh loan, but keeping the original tenure and lowering the EMI instead of closing early.
A one-time prepayment of ₹5,00,000 on a ₹30,00,000 loan at 9% p.a. saves ₹3,81,108 in interest. Your EMI drops to ₹25,183 (from ₹30,428), saving ₹3,81,108 in interest, while your loan still closes in 15 years.
- Outstanding loan amount
- ₹30,00,000
- Remaining tenure
- 15 years
- Interest rate
- 9% p.a.
- Prepayment
- ₹5,00,000
Interest saved
Reduce EMI₹3.81 Lakhs
₹3,81,108
Your EMI drops to ₹25,183 (from ₹30,428), saving ₹3,81,108 in interest, while your loan still closes in 15 years.
Original EMI
₹30,
New EMI
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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.