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Pre-pay Your Home Loan With Minimum Losses - PowerPoint PPT Presentation


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Use the interactive home loan calculator to calculate your home loan EMI. Get all details on interest payable and tenure using the housing loan calculator\n

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PowerPoint Slideshow about 'Pre-pay Your Home Loan With Minimum Losses' - ShradhaMahadik


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  • According to data maintained by housing finance companies, the average tenure of a home loan is seven years.

  • This is partly because many borrowers choose to pre-pay their loans as they upgrade their homes.

  • Pre-paying loans when you choose to relocate is expensive. Part of this expenditure can be avoided if you accelerate your repayments by pre-paying only in small parts, which is allowed by most lenders.


  • Stepping up you EMI the average tenure of a home loan is seven years. This is a common option exercised by borrowers. But it's not the best way to pay your loan faster. "If you are paying a lumpsum amount, it has a direct impact on the principal amount.

  • It simply means repaying the principal back to the lender and it is straight forward.

  • Even if you pay by way of increased Emi Calculator India after the interest cost, which is constant, the balance would go towards servicing the principal.


  • Scheme that suits your need the average tenure of a home loan is seven years.

  • If you are clear about settling dues at the earliest, then look for a scheme that allows maximum part-prepayments in a given year.

  • For instance, some banks allow such payments once a year whereas some banks allow such payments 3-4 times a year, subject to an overall ceiling of 25% of the outstanding amount.

  • Similarly, many banks offer home saver loans in which you have to pay interest only on the utilized amount rather than the entire disbursed amount.


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