Loan Prepayment & Foreclosure Savings कैलकुलेटर — मुफ़्त ऑनलाइन टूल और फॉर्मूला
Quantifies total interest savings and loan tenure reduction gained by making part-prepayments or recurring extra principal payments.
Tenure Reduced By: 2.7 Years (32 Months)
फॉर्मूला और गणना की विधि
Compares standard amortization interest against a truncated schedule resulting from lump-sum capital reduction directly retiring debt principal.
वेरिएबल परिभाषाएँ और माप इकाइयाँ
₹30 Lakh Home Loan with ₹3 Lakh Part-Payment
A borrower with ₹30,00,000 balance at 8.5% interest and 15 years remaining makes a one-time ₹3,00,000 prepayment.
Tenure Reduction vs EMI Reduction
When making a loan part-prepayment, banks offer two choices: reduce the monthly EMI or reduce the remaining loan tenure. Choosing tenure reduction preserves the original EMI and maximizes compound interest savings.
Prepaying during the early third of a loan's tenure delivers exponential savings because the principal amortization component is small and front-loaded interest dominates early installments.
Loan Prepayment & Foreclosure Savings कैलकुलेटर से जुड़े अक्सर पूछे जाने वाले प्रश्न
Are there prepayment penalty charges on home loans in India?
Under RBI guidelines, banks and housing finance companies cannot levy prepayment penalties on floating-rate home loans availed by individual borrowers.
Should I prepay home loan or invest in mutual funds?
Compare the home loan interest rate (e.g. 8.5% tax-deductible) against expected mutual fund returns (e.g. 12%). If investment returns comfortably exceed the borrowing rate, investing the surplus may generate superior terminal wealth.
संबंधित ऑनलाइन कैलकुलेटर
Loan Prepayment & Foreclosure Savings कैलकुलेटर के साथ अक्सर संदर्भित अन्य कैलकुलेटर।
ईएमआई कैलकुलेटर
होम लोन, कार लोन और पर्सनल लोन के लिए अपनी सटीक मासिक ईएमआई, कुल ब्याज और रीपेमेंट शेड्यूल की तुरंत गणना करें।
होम लोन पात्रता कैलकुलेटर
अपनी मासिक इन-हैंड सैलरी, मौजूदा ईएमआई और बैंक एफओआईआर (FOIR) अनुपात के आधार पर जानें कि बैंक आपको अधिकतम कितना होम लोन दे सकते हैं।
Credit Card Interest & Minimum Payment Payoff कैलकुलेटर
Computes total compounding interest and years required to eliminate credit card balances when making only minimum due payments versus fixed monthly sums.