Home Loan Prepayment Calculator_banner_WC


Loan Prepayment Calculator

Home Loan Part-Prepayment Calculator

Outstanding AmountRs.

0Rs.15 Cr

Part-Prepayment Amount Rs.

0Rs.25 Lakh

Current EMIRs.

0Rs.25 Lakh

Outstanding Loan TenorMonths

1240 months

Current Rate of Interest%


Revised Home Loan EMI is 0

Revised Home Loan Tenor is 0

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Home Loan Part-Prepayment Calculator

A Home Loan Prepayment Calculator, also known as Home Loan Part-Prepayment Calculator, is a dedicated online tool to help borrowers determine the suitability of the prepayment option. Enter only a few essential details, i.e., the loan amount, interest rate, tenor, and the part-prepayment amount, to calculate your savings.

​This calculator allows you to determine the revised instalment amount and tenor, in case you do not opt for an EMI reduction. Utilise the calculator to determine whether prepayment would be beneficial for you or not before proceeding with payment.

The manual calculation of these changes in the Home Loan EMI amount can be complex and time-consuming. The Home Loan Part-Prepayment Calculator by Bajaj Housing Finance simplifies these calculations while providing accurate results.


What is Home Loan Part-Prepayment?

Home Loan part-prepayment is a repayment option that allows borrowers to make a lump sum payment towards their Home Loan at any time before the end of the tenor. It is payable over and above the EMIs due.

Borrowers can either pay a portion of the principal liability as part-prepayment of the Home Loan or foreclose the loan account with a repayment of the total loan liability prior to the end of the tenor. Since longer repayment tenors result in increased interest outflow, part-prepayment is a simple way to reduce your interest liability.

It is important that borrowers know about Home Loan prepayment charges before opting for prepayment. Individual borrowers with a floating interest rate Home Loan pay no extra charges on prepayment or foreclosure.

Benefits of a Home Loan Prepayment 

Benefits of a Home Loan Prepayment 

If you have surplus funds to repay the pending loan amount in addition to your usual EMIs, you can opt for a prepayment facility. Here are some of the key benefits that you stand to gain by opting for the housing loan prepayment option:

  • The part-prepayment of Home Loan lowers the principal amount, which can either translate to lower EMIs or a reduced tenor.
  • Part-prepayment limits liabilities when opted for at the right time. Home Loan Prepayment Calculator from Bajaj Housing Finance enables borrowers to decide the profitability of this advance payment made against their housing loan liability.
  • The part-prepayment of Home Loan also helps in improving the borrowers’ credit score after the closure of the total due amount. Selecting the prepayment option ensures easier repayment of the principal and keeps interest outflow in check. Borrowers can also determine the total savings made with the help of a housing loan part-prepayment calculator.
  • A borrower must have lump sum funds available to initiate the part-prepayment of a Home Loan. Bajaj Housing Finance allows borrowers to part-prepay even a nominal sum, equal to one EMI. Thus, if a borrower’s EMIs are Rs.20,000, the part payment amount must be at least Rs.20,000.


​How to Use the Home Loan Prepayment Calculator?

The Bajaj Housing Finance Home Loan Part-Prepayment Calculator is a free online tool, which helps individuals assess profitability from an advance payment on their Home Loan. Enter only a few values to ascertain whether the transaction can save you a substantial amount on the total interest outgo. To use the Home Loan part-prepayment calculator, you will need to enter values for the outstanding amount, prepayment amount, current EMI, remaining loan tenor, and the current interest rate.

The outstanding amount is not the total Home Loan principal amount but only the amount yet to be serviced. For example, if the total loan amount borrowed is Rs.10 Lakh and you have already repaid Rs.2 Lakh, the outstanding amount is the difference between the two, i.e., Rs.8 Lakh.

Similarly, the tenor remaining on your Home Loan is the difference between the total tenor and the number of years you have already serviced the loan for.

The interest rate is the applicable lending rate at which a lender extends a housing loan to a borrower. The prepayment amount is the lump sum payment to be made in advance. The steps to use a part-prepayment calculator are as follows:

  1. Navigate to our part-prepayment calculator provided on this page.
  2. Enter the outstanding Home Loan amount.
  3. Enter or slide to choose the part-prepayment amount.
  4. Enter or slide to choose your current EMI.
  5. Enter the remaining tenor.
  6. Enter the current interest rate.

The part-prepayment calculator will display the revised EMI and tenor instantly.

​What is the Eligibility for Home Loan Prepayment?

​What is the Eligibility for Home Loan Prepayment?

Anyone with an ongoing Home Loan can opt for foreclosure or prepayment. However, certain charges are applicable on repayment of additional debt over EMIs. Individual borrowers with floating interest rate Home Loans do not have to pay any additional charges to foreclose or prepay their loan, but charges are applicable on fixed-rate Home Loans for individual and non-individual borrowers.

You must pay a minimum amount over and above your usual EMIs for a single prepayment. This value depends on the lender. Bajaj Housing Finance requires you to pay the equivalent of a single EMI as the minimum amount. This makes it easy to make prepayments.

Home Loan Prepayment Charges_WC

Home Loan Prepayment Charges

Individual borrowers with existing Bajaj Housing Finance Home Loans do not have to pay any prepayment or foreclosure charge if they have a floating interest rate loan. However, this facility is not available to non-individual borrowers or those who have availed of a loan for business purposes.

What are Rules for Home Loan Part-Prepayment_WC

What are Rules for Home Loan Part-Prepayment?

Borrowers should understand Home Loan part-prepayment rules before prepaying a Home Loan. These include instances when prepayment penalties are applicable and help borrowers time their repayment decisions.

  1. The minimum amount to prepay is equivalent to one of your Home Loan EMIs.
  2. Individual borrowers with floating interest rate Home Loans pay no extra charges on prepayment or foreclosure.
  3. When opting for a Home Loan Balance Transfer facility, no additional part-prepayment charges apply if you are an individual borrower with a floating interest rate Home Loan.

*Terms and conditions apply.

Disclaimer_WC HLPrepayment


This calculator is provided for general information purposes and only as general self-help planning tool. It should not be considered as financial advice. The results obtained from the calculator are estimates based on your inputs and may not reflect the actual terms or conditions of any loan. Users are responsible for verifying the accuracy of the calculator. Actual loan figures may vary based on specific loan products, interest rates, individual financial circumstances, and parameters laid down by Bajaj Housing Finance Limited (‘BHFL’).

By using this calculator, the Users agree that placing reliance on the aforementioned information shall always be the sole responsibility and decision of the User and the User shall assume the entire risk of any use made of this information. In no event shall BHFL or the Bajaj Group, its employees, directors or any of its agents or any other party involved in creating, producing, or delivering this Website shall be liable for any direct, indirect, punitive, incidental, special, consequential damages (including lost revenues or profits, loss of business or loss of data) or any damages whatsoever connected to the User’s reliance on the aforementioned information.

Home Loan Prepayment Calculator FAQs_WC

Home Loan Prepayment Calculator FAQs

The benefit of making part-prepayments on your Home Loan balance can reduce both your EMI and repayment tenor. As making part-prepayments on your Home Loan repayment amount directly brings down your loan balance, you take less time to repay the entire amount (reducing the tenor) and you have less to repay (lowering your EMI amount). You have the choice to either shorten your tenor or reduce your EMIs.

The RBI policies state that individual borrowers with floating interest rate Home Loans are exempted from paying additional Home Loan prepayment charges and fees. This enables you to make part-prepayments as frequently as you would like, to lower your total cost of borrowing.

Borrowers can repay their Home Loan early to save substantially on their total interest outgo. Making prepayments on your Home Loan helps you close the loan account faster, freeing up your repayment capacity and letting you explore other investment ideas or make new loan applications.

You can calculate the prepayment on a loan using the Home Loan Prepayment Calculator. The calculator requires you to input the:

  • Outstanding amount
  • Prepayment amount
  • Current EMI
  • Outstanding loan tenor
  • Current rate of interest

There are no charges for prepayment at Bajaj Housing Finance for individual borrowers who are paying off a Home Loan at a floating interest rate. However, this facility is not available for borrowers who have availed of a Home Loan at a fixed interest rate, to non-individual borrowers, or to those who have availed of a loan for business purposes.

A prepayment of a Home Loan refers to making extra payments towards the principal amount of the loan, in addition to the regular EMI payments, before the scheduled due date. Here are some benefits of prepaying your Home Loan:

  • Reduced Interest Cost
  • Easy Loan Repayment
  • Improved Credit Score
  • Increased Savings

A Home Loan Prepayment Calculator helps borrowers estimate the profitability of prepaying the Home Loan.


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