🇮🇳 India Home Loan Suite (RBI Guidelines)

SBI & HDFC Home Loan Prepayment Calculator

Simulate part prepayments, lump-sum annual bonus payments, and tenure reductions for SBI Regular Home Loans, HDFC MaxGain, ICICI, and Axis Bank floating rate loans in Indian Rupees (₹).

Loan & Part-Prepayment Details

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₹ 50.00 Lakhs
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₹

Prepayment Impact Summary

Total Interest Saved
₹ 0
Loan Closes Faster
Monthly EMI (Regular)₹ 0
Revised Loan Duration0 Years
Total Interest (Without Prepayment)₹ 0
Total Interest (With Prepayment)₹ 0

Amortization Schedule

Interactive breakdown of balance, interest, and prepayment impact

PeriodEMI PaidPrincipal PaidExtra PrepaymentInterest PaidTotal PaymentRemaining Balance

SBI Home Loan Part Prepayment Rules & EBLR Advantage

State Bank of India prices retail housing loans on the External Benchmark Lending Rate (EBLR) linked to the RBI repo rate, with zero prepayment penalty on floating-rate individual loans. Combining an annual bonus injection via our Home Loan Part Prepayment Calculator with an automated extra EMI in the Extra EMI Home Loan Calculator regularly trims 20-year SBI tenures down to 11–13 years.

Evaluating multiple Indian lenders or auto loans? Compare SBI terms against Axis Bank Home Loan Rules, Kotak Home Loan Prepayment, SBI Car Loan Prepayment, or SBI Education Loan Prepayment inside our Bank Portals Hub.

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🏡Global

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Global multi-currency mortgage prepayment calculator.

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⚡Monthly

Extra Repayments Calculator

Simulate monthly, quarterly, and annual extra payments.

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💰Bonus

Lump Sum Prepayment Tool

Calculate the exact impact of one-time bonus part-prepayments.

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📈SIP vs EMI

Prepay vs Invest Calculator

Compare SBI home loan interest savings against Mutual Fund SIP returns.

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Frequently Asked Questions

Does SBI or HDFC charge prepayment penalties on home loans?

No. As per Reserve Bank of India (RBI) regulations, all Indian banks and HFCs (including SBI, HDFC, ICICI, Axis Bank, and LIC Housing) are strictly prohibited from charging prepayment or foreclosure fees on individual floating-rate home loans. Check specific lender workflows in our HDFC Home Loan Calculator, ICICI Home Loan Calculator, or Bank of Baroda Home Loan Calculator.

What is better: Reducing Tenure or Reducing EMI for SBI Home Loans?

Reducing Tenure is mathematically far superior. By keeping your monthly EMI the same and reducing tenure, your interest savings are maximized. Reducing EMI lowers monthly outgo but keeps the loan alive longer, resulting in higher total interest paid. Compare multiple lump-sum dates in the Home Loan Part Prepayment Calculator or model 1 Extra EMI Per Year.

How does RBI floating rate interest revision affect my prepayment strategy?

When RBI increases the repo rate, banks typically increase your loan tenure rather than increasing your monthly EMI. Doing an annual part-prepayment counteracts this tenure extension and ensures your loan closes early. Decide whether surplus cash works harder in an SBI SIP vs Home Loan Prepayment comparison.