EMI is the fixed monthly payment made to repay a loan, composed of principal and interest.

How does prepayment affect my home loan?

Prepayments reduce the outstanding principal, cutting total interest paid and often shortening the loan term.

Home Loan Calculator — Cents and Stories

Property price (₹)

Down payment (₹)

Processing / other fees (₹)

Annual interest rate (%)

Tenure (years)

Annual prepayment amount (₹) — optional

This amount will be applied once every 12 months (at the end of that month) as an extra principal repayment.