Calculate how much interest you save and how many months you cut off your loan tenure by making a lumpsum prepayment.
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Personalised EMI for ₹30.0L over 240 months. Rates as of May 2025.
| Bank / NBFC | Interest Rate | Your EMIat starting rate | Monthly Savings | |
|---|---|---|---|---|
BoB Bank of Baroda BESTup to 10.65% | 8.40%p.a. | ₹25,845/month | + ₹666/mo₹1.6L total | Apply |
PNB Punjab National Bankup to 10.25% | 8.45%p.a. | ₹25,940/month | + ₹571/mo₹1.4L total | Apply |
SBI State Bank of Indiaup to 10.15% | 8.50%p.a. | ₹26,035/month | + ₹477/mo₹1.1L total | Apply |
LIC LIC Housing Financeup to 10.5% | 8.50%p.a. | ₹26,035/month | + ₹477/mo₹1.1L total | Apply |
BHF Bajaj Housing Financeup to 15% | 8.55%p.a. | ₹26,130/month | + ₹382/mo₹91,586 total | Apply |
HDF HDFC Bankup to 9.65% | 8.75%p.a. | ₹26,511/month | Lowest Rate 🏆 | Apply |
ICI ICICI Bankup to 9.8% | 8.75%p.a. | ₹26,511/month | Lowest Rate 🏆 | Apply |
KMB Kotak Mahindra Bankup to 9.6% | 8.75%p.a. | ₹26,511/month | Lowest Rate 🏆 | Apply |
AXS Axis Bankup to 9.8% | 8.75%p.a. | ₹26,511/month | Lowest Rate 🏆 | Apply |
TAT Tata Capitalup to 12% | 8.75%p.a. | ₹26,511/month | Lowest Rate 🏆 | Apply |
Rates shown are indicative starting rates (best-case, salaried applicants). Actual rate depends on credit score & eligibility. Affiliate links — we may earn a commission at no cost to you.
Compare all 50+ banksPersonalised EMI for ₹50.0L over 240 months. Rates as of May 2025.
| Bank / NBFC | Interest Rate | Your EMIat starting rate | Monthly Savings | |
|---|---|---|---|---|
BoB Bank of Baroda BESTup to 10.65% | 8.40%p.a. | ₹43,075/month | + ₹1,110/mo₹2.7L total | Apply |
PNB Punjab National Bankup to 10.25% | 8.45%p.a. | ₹43,233/month | + ₹952/mo₹2.3L total | Apply |
SBI State Bank of Indiaup to 10.15% | 8.50%p.a. | ₹43,391/month | + ₹794/mo₹1.9L total | Apply |
LIC LIC Housing Financeup to 10.5% | 8.50%p.a. | ₹43,391/month | + ₹794/mo₹1.9L total | Apply |
BHF Bajaj Housing Financeup to 15% | 8.55%p.a. | ₹43,550/month | + ₹636/mo₹1.5L total | Apply |
HDF HDFC Bankup to 9.65% | 8.75%p.a. | ₹44,186/month | Lowest Rate 🏆 | Apply |
ICI ICICI Bankup to 9.8% | 8.75%p.a. | ₹44,186/month | Lowest Rate 🏆 | Apply |
KMB Kotak Mahindra Bankup to 9.6% | 8.75%p.a. | ₹44,186/month | Lowest Rate 🏆 | Apply |
AXS Axis Bankup to 9.8% | 8.75%p.a. | ₹44,186/month | Lowest Rate 🏆 | Apply |
TAT Tata Capitalup to 12% | 8.75%p.a. | ₹44,186/month | Lowest Rate 🏆 | Apply |
Rates shown are indicative starting rates (best-case, salaried applicants). Actual rate depends on credit score & eligibility. Affiliate links — we may earn a commission at no cost to you.
Compare all 50+ banksIf loan interest rate > expected investment return after tax ? prepay. If your home loan rate is 8.5% and equity SIP returns 12%+ ? invest. For debt-averse individuals or loans above 9%, prepayment is often the safer choice.
Early in the tenure � when the interest component in EMI is highest. Prepaying in year 1�5 of a 20-year loan saves dramatically more than prepaying in year 15. The benefit reduces significantly in the second half of tenure.
RBI mandates that floating rate home loans cannot have prepayment penalties. Fixed rate loans may have 2�3% penalty from some banks. Always check your loan agreement before prepaying.
Any amount helps, but larger lump sums (like annual bonus or matured investment) create the most impact. Even ?1�2 lakh extra on a ?50L loan can save ?3�5 lakh in interest and cut tenure by 2�3 years.
Calculate home loan EMI, total interest payable and amortization schedule for any principal, rate and tenure.
See how a parallel SIP can offset your entire home loan interest — pay EMI + invest and end up effectively interest-free.
Universal EMI calculator — compute monthly instalment, total interest and amortization for any loan type.