Before using this calculator, I strongly recommend you to read the about the concept of loan prepayment. I’ve written a detailed blog post on this topics. Utility of this prepayment calculator is greatly enhances when a more informed user uses it.
|Home Loan Amount|
|Interest Rate p.a. [In %]|
|Loan Tenure [In Months]|
|Pre-payment Start Month |
[e.g. If pre-payment will start from 8th month then enter 8]
Payment of Home Loan EMI takes years to complete. Important question is that, should one pay-off home loan early? As home loans are big in amount, their monthly EMIs are also large. Every month, these EMIs digs a big hole in ones wallet. Read more.
Read Recent Articles on Loan: