Enter the loan amount, the interest rate and the year you want to be debt free. You get the EMI, the principal-versus-interest split, the full amortization schedule — and three ways to reach that date without committing to the highest monthly payment.
Type an exact figure or drag the slider.
Monthly Home Loan EMI
₹49,594
₹40.00 L at 8.50% p.a. for 10 years
Stretching the sanction by 5 years drops the bank EMI by about ₹10,205 a month. Park that gap in an RD and prepay once a year — the plans below show what that does.
The RD rate is where the monthly EMI difference is parked between yearly prepayments. Type an exact figure or drag the slider.
Same 10-year ambition, three different contracts with the bank. The close-ease score is arithmetic, not a prediction: it weighs how heavy the mandatory EMI is, how much of your budget stays optional, whether the simulated finish lands near your date, and how much RD is left as a cash buffer. It deliberately ignores total cost, so read out of pocket, all-in alongside it — the RD plans buy breathing room, they do not buy it for free.
Fastest close
10 year sanction
₹49,594
Bank EMI you must pay
Same all-in cost as paying fast
43/100 close-ease
The bank schedules 10 years and you pay the full EMI every month. Nothing optional, nothing parked.
See month-by-month scheduleBalanced
15 year sanction
₹39,390
Bank EMI you must pay
₹1.43 L more all-in than paying fast
71/100 close-ease
The sanction runs 15 years so the EMI drops. The difference goes into an RD, and once a year up to ₹1 lakh of it prepays the principal. Pause the RD any month.
Closes 4 yr 1 mo ahead of the sanctioned tenure.
See month-by-month scheduleLightest EMI
20 year sanction
₹34,713
Bank EMI you must pay
₹70,724 more all-in than paying fast
75/100 close-ease
The lowest mandatory EMI, on a 20-year sanction. Same RD habit, but the yearly prepayment empties the whole RD into the loan.
Closes 9 yr 9 mo ahead of the sanctioned tenure.
See month-by-month scheduleInterest is charged on the beginning balance. Whatever is left of the EMI cuts the principal. The outstanding becomes next month’s beginning balance.
Closes month 120 · interest ₹19.51 L
| Month | Beginning Loan Balance | EMI | Principal | Monthly Interest | Outstanding Balance |
|---|---|---|---|---|---|
| 1 | 40,00,000 | 49,594 | 21,261 | 28,333 | 39,78,739 |
| 2 | 39,78,739 | 49,594 | 21,412 | 28,183 | 39,57,328 |
| 3 | 39,57,328 | 49,594 | 21,563 | 28,031 | 39,35,764 |
| 4 | 39,35,764 | 49,594 | 21,716 | 27,878 | 39,14,048 |
| 5 | 39,14,048 | 49,594 | 21,870 | 27,725 | 38,92,179 |
| 6 | 38,92,179 | 49,594 | 22,025 | 27,570 | 38,70,154 |
| 7 | 38,70,154 | 49,594 | 22,181 | 27,414 | 38,47,973 |
| 8 | 38,47,973 | 49,594 | 22,338 | 27,256 | 38,25,635 |
| 9 | 38,25,635 | 49,594 | 22,496 | 27,098 | 38,03,139 |
| 10 | 38,03,139 | 49,594 | 22,655 | 26,939 | 37,80,484 |
| 11 | 37,80,484 | 49,594 | 22,816 | 26,778 | 37,57,668 |
| 12 | 37,57,668 | 49,594 | 22,977 | 26,617 | 37,34,691 |
| Total | 5,95,131 | 2,65,309 | 3,29,822 |
All figures in ₹, rounded to the rupee. Narrow screens hide the beginning balance and the EMI (49,594 every month).
One payment, two parts: interest on the balance you still owe plus a slice of principal, on the same reducing-balance formula your bank uses.
Borrow over the longer tenure to keep the compulsory EMI small, then park the difference and prepay once a year so the balance still falls fast.
A lighter mandatory EMI is not free. See what the flexibility adds to the all-in cost, and why that can still be worth paying for.
Month, balance, EMI, principal, interest — how to read the table, and why one early prepayment outweighs several late ones.
No. It is arithmetic on the numbers you entered. It weighs the mandatory EMI against your target-tenure EMI, how much of the monthly budget stays optional, how near the simulated finish is to your date, and how much RD is left as a buffer. Nothing is forecast and nothing is learned from your income.
You should not leave it there for years. The RD is a holding jar between yearly prepayments, and one you can raid if a month goes wrong. The prepayment is what shortens the loan; the RD just keeps the money available and reversible.
Yes, as long as you keep making the extra payment. The simulation assumes you pay the difference every month and prepay once a year. Skip those and the loan simply runs its full sanctioned tenure — which is the safety net the plan is designed around.
Nothing bad. The sanctioned EMI continues to the original end date and you are not in default. You lose the early-close path until you resume, and you keep whatever the RD already holds.
Yes. It is a Progressive Web App, so you can install it from your browser and open it without a connection. All the math runs on your device and none of your figures are sent anywhere.