Home Loan Freedom Calculator

See how much interest you could save, and how many years earlier you could close your home loan, by prepaying and by keeping your savings in an overdraft (OD) home loan. Enter your own loan details below — nothing is saved or shared.

Why closing early saves so much

In the early years of a home loan, most of each EMI goes to interest, not principal. Every rupee of principal you repay early stops attracting interest for the rest of the loan, so a prepayment in year two saves far more than the same amount in year fifteen. An OD home loan works in a similar way: money parked in the linked account is treated as repaid for interest purposes, yet you can still withdraw it.

Reading your result

  • Interest saved is the difference between the total interest on your current schedule and on the new one.
  • New closure date assumes your EMI stays the same and the prepayments or savings continue as entered.
  • Results are estimates. Banks reset floating rates when the repo rate changes, so real figures will move over time.

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This calculator gives general estimates, not financial advice. Check current terms with your lender before deciding.