Popular Products
Show More
Quick Help
Show More
Frequently Asked Questions
Show More
Use our easy-to-access pre payment EMI calculator to help you plan for your dream faster and more efficiently. Please select the loan type that you require and get your estimated costing right now!
Number of months you will close your loan early
Months
Pre-payment of a Home Loan is a beneficial feature that empowers you to pay a portion, or the total, of your housing loan before its tenure completion. This option is often chosen by borrowers with surplus funds, offering them the flexibility to manage and reduce their loan obligation proactively. Overall, it's a strategic financial move that enables borrowers to take control of their loan repayment timeline.
Part payment of a Home Loan occurs when you use surplus funds, insufficient to cover the total outstanding amount. By depositing this surplus into your loan account, you reduce the unpaid principal. It helps reduce the principal amount and lightens the interest load, reducing your overall EMI burden. It's a smart financial move to consider part payment whenever you have surplus funds. Learn more about it with our Part Payment Calculator. It can help you calculate your EMI with part payment and make informed financial decisions.
A Home Loan Pre-payment Calculator is an online tool designed to empower borrowers in planning and visualising their Home Loan payoff strategies. It helps estimate the potential savings and impact of making pre- or part-payments and the revised EMI amount.
With Pre-payment EMI Calculator, users can:
The best part is that the calculator gives you options to either decrease EMI or Keep EMI the same & decrease loan tenure.
The Home Loan Part Payment Calculator is a helpful financial tool for borrowers. It helps determine the remaining outstanding amount after a partial repayment. Borrowers can see the adjusted EMI or revised tenure by entering details like part payment amount, tenure, interest rate, and outstanding balance. It enables smart decisions about the impact of part payments on Home Loans.
With Part Payment EMI Calculator, you get several benefits. It lets you…
Here’s how the Home Loan Pre-payment or Part Payment Calculator works:
The calculator also gives you options to either decrease EMI or Keep EMI the same & decrease loan tenure.
And there you go! You'll see your new EMI right away.
Here are the features of EMI Calculator with Pre-payment, offering significant advantages:
Adjust your loan journey with options like shorter tenure or smaller EMIs, easily calculated. Adapt your repayment strategy to suit your financial comfort.
Full loan repayments positively impact your CIBIL score, giving your financial record a boost. This would help you secure loans and other financial support in the future.
Get clear insights for smarter financial choices, taking you towards a quicker path to being debt-free.
When considering home loan prepayment, factors like age and future cash flows should be considered.
As your income increases during the loan tenure, consider increasing the existing EMI or reducing the loan tenure.
Yes, one can make multiple prepayments on his/her home loan account. Although, borrower should check prepayment clause in the home loan agreement and charges mentioned on Kotak website.
Yes, the calculator can be used for any type of Home Loan product.
Learn all about Home Loans
TNREGINET - Online Tamil Nadu Encumbrance Certificate
Most Posh Areas in Mumbai (Top 7 Most Expensive Areas)
Top 7 Posh Areas In Delhi For Buying Property In 2024
Basava Vasati Yojana 2024: RGRHCL scheme application
What is a Relinquishment Deed? – Meaning, Format, Documents, Benefits and Procedure
Help Center
Locate us
