Home Loan Prepayment · WealthJot.ai

🏡 Home Loan Prepayment

Savings from lump-sum prepayment: reduced tenure or lower EMI

Outstanding Loan Balance₹40,00,000

Annual Interest Rate8.5%

Remaining Tenure15 yr

Prepayment Amount₹5,00,000

Use Prepayment to

Interest Saved

₹10,36,194

Tenure Saved

3.3 yr

New EMI / Month

₹39,390

Original EMI

₹39,390

New Remaining Tenure

11.8 yr

Original Total Interest

₹30,90,125

New Total Interest

₹20,53,931