How much can ₹5,000 extra per month save on a 50 lakh loan?

An extra ₹5,000 per month saves approximately ₹15,42,120 in interest and closes the 20-year loan in approximately 15.2 years.

₹50 Lakh Home Loan

Home Loan Prepayment Calculator

Q: What is the EMI on a ₹50 lakh home loan at 8.5% for 20 years?

At 8.5% for 20 years, the standard EMI is approximately ₹43,391 per month under the standard reducing-balance method.

See how extra monthly payments or a one-time prepayment can change your interest cost and loan tenure.

Calculating your result…

Enter Your Loan Details

Loan Amount (₹)

Interest Rate (% p.a.)

Original Tenure (Years)

Extra Monthly Payment (₹)

Assumes the extra amount is applied to principal every month.

One-Time Prepayment (₹)

Applied immediately at the start of the schedule.

Prepayment Effect

Monthly-extra calculations use the tenure-reduction method.

Prepayment Scenarios

Strategy	Monthly Outflow	Interest Saved	Loan Closes In

Loan Tenure Comparison

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How does a ₹50 lakh home-loan prepayment work?

A home loan normally accrues interest on the outstanding principal. When an additional amount is credited toward principal, the outstanding balance falls faster. If the EMI is kept unchanged, the loan can finish earlier and the total interest paid decreases significantly.

Example: ₹50 lakh at 8.5% for 20 years

The calculator is generating the exact example from the selected inputs.

Frequently Asked Questions

What is the EMI on a ₹50 lakh home loan at 8.5% for 20 years?

Calculating…

How much can ₹5,000 extra per month save?

Calculating…

Does an extra payment always reduce the loan tenure?

Not necessarily. The result depends on whether you choose to keep the EMI unchanged or recalculate a lower EMI. This calculator defaults to the tenure-reduction method which maximizes interest savings.

Are home-loan prepayment charges applicable?

As per RBI guidelines, banks cannot charge foreclosure or prepayment fees on floating-rate individual home loans. Check your loan agreement if you have a fixed-rate loan.