Should you prepay your home loan or car loan? See exactly how much interest you save and how many years you cut. Compare EMI reduction vs tenure reduction.
Interest Saved
₹5.62 L
A one-time prepayment of ₹2.00 L in year 3 saves you ₹5.62 L in interest and finishes your loan 2 years 5 months earlier. That's a 281% return on your prepayment — better than most FDs.