# Home Loan Prepayment Calculator Source (interactive calculator): https://hyderabadhomeloans.com/home-loan-prepayment-calculator/ See how much interest and how many EMIs you save with a lump sum, a yearly part-payment or a little extra every month — and download your revised repayment schedule. Every rupee you prepay goes straight to reducing your principal, so you stop paying interest on it for the rest of the loan. Prepayments made in the early years save the most, because that is when the outstanding balance — and the interest on it — is highest. ## Reduce tenure or reduce EMI? After a prepayment you can keep the same EMI and finish the loan earlier, or keep the same end date and pay a lower EMI. Keeping the EMI and cutting the tenure saves far more interest. Try both options in the calculator. ## Three ways to prepay - A one-time lump sum — a bonus, maturity proceeds or a property sale - A yearly part-payment — for example, every April from your annual bonus - A little extra with every EMI — even ₹2,000–5,000 a month adds up over the years Floating-rate home loans taken by individuals carry no prepayment charges. Check the terms of fixed-rate loans before you prepay. ## FAQs ### What are “EMIs saved”? The number of monthly instalments you no longer need to pay because the loan closes earlier. For example, a loan that closes in 17 years instead of 20 saves 36 EMIs. ### Is it better to prepay or invest? Prepaying earns a guaranteed return equal to your loan rate. If your investments are unlikely to beat that after tax — or you value being debt-free — prepaying makes sense. Keep an emergency fund before prepaying. ### How do I make a part-payment on my LIC HFL loan? Through LIC HFL’s customer portal or at your servicing branch. Ask for a revised repayment schedule afterwards. We can help if you have an LIC HFL loan through us. --- Hyderabad Home Loans — authorised DSA of LIC Housing Finance Ltd since 2002. Free eligibility check: https://hyderabadhomeloans.com/. Phone / WhatsApp +91-8886249998.