Your home loan
The amount originally borrowed.
For an existing loan, enter the month your EMIs began.
Your prepayments
Use any one, or combine them. Leave an amount at 0 to skip it.
One-time lump sum
Every year
Repeats in the same month every year.
Every month, on top of the EMI
Interest you save
₹0
- EMIs saved
- 0
- Loan now closes
- –
- EMI (unchanged)
- ₹0
- Instead of
- –
- Interest without prepaying
- ₹0
- Interest with prepaying
- ₹0
- Total prepaid
- ₹0
Loan outstanding over time
Revised amortization schedule
Your repayment schedule with the prepayments included. Months with a prepayment are highlighted.
This is an indicative estimate. Final eligibility is subject to lender assessment. Default rate is LIC HFL’s current starting rate (7.15%, updated September 2026); your rate depends on your CIBIL score and LIC HFL’s credit policy. Figures are rounded. Nothing you enter here is stored or sent anywhere.
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.
Frequently asked questions
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.
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.
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.
Turn this estimate into a sanction
Share a few details and Vijay Arjun will call you back with your actual eligibility, the best-fit LIC HFL scheme and the documents you need. Authorised LIC HFL DSA since 2002.