| Monthly EMI | ₹40,571 |
| Monthly Extra Payment | ₹0 |
| Total Monthly Payment | ₹40,571 |
| Down Payment | ₹10,00,000 |
| Principal | ₹40,00,000 |
| Prepayments | ₹0 |
| Interest | ₹33,02,719 |
| Total of all Payments | ₹83,02,719 |
| Year | Principal (A) | Prepayment (B) | Interest (C) | Total Payment (A + B + C) | Balance | Loan Paid To Date (%) |
|---|
Our home loan EMI calculator will help you calculate the amount of your EMI, the total amount along with interest, and the effects of pre payments on a home finance with a bank loan.
A home loan interest rate calculator offers you an easy interface to do all the precise calculations, which allows you to plan your budget well in advance.
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Pre payments to a home loan has lot of benefits that save money in the long term. It reduces your total interest burden and lowers the total cost of the loan by making extra payments towards your loan principal. You also cut down the loan tenure, which means you will become debt free sooner.
Part payments gives you a better financial flexibility as you will have a lesser amount to pay. It is a good choice when you have some extra amount with you. In the long run, you save more and experience financial peace.