Home Loan EMI Prepayment | How to Save Home Loan Interest Amount | Loan EMI Calculator

Home Loan EMI Prepayment Calculator | How to Save Home Loan Interest Amount | Save Loan Interest
In this video by FinCalC TV, we will see how to calculate home loan EMI and interest using Excel Calculator formula examples in hindi, save home loan interest using prepayment and home loan principal & interest amounts calculation excel sheet prepayment option. We will also see how you can save home loan interest by home loan repayment calculation. We will also see how interest and principal amounts of Home Loan EMI will be calculated. Home loan EMI can be increased to reduce the total interest.
DOWNLOAD Home Loan EMI Excel Calculator: fincalc-blog.b...
After watching this video following queries will be solved:
How to calculate home loan EMI?
How to Save home loan interest?
How to calculate home loan EMI in excel sheet?
What is home loan EMI calculation excel formula?
What is home loan EMI calculation formula?
How to reduce home loan interest?
Loan prepayment excel examples to save loan interest?
Home loan prepayment or repayment options?
Principal and interest amounts of home loan emi?
Home loan emi increase will save interest amount?
Increase in EMI will decrease loan interest payment?
Benefits of home loan prepayments?
What is home loan emi not paid?
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What is Home Loan EMI Calculator?
Home Loan EMI Calculator assists in calculation of the loan installment i.e. EMI towards your home loan. It an easy to use calculator and acts as a financial planning tool for a home buyer.
What is Home Loan EMI?
EMI stands for Equated Monthly Installment. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your home loan. A longer loan tenure (for a maximum period of 30 years) helps in reducing the EMI.
How does EMI calculation help in planning the home purchase?
Home Loan EMI calculator gives a clear understanding of the amount that needs to be paid towards the EMIs and helps make an informed decision about the outflow towards the housing loan every month. This helps estimate the loan amount that can be availed and helps in assessing the own contribution requirements and cost of the property. Therefore knowing the EMI is crucial for calculation of home loan eligibility and planning your home buying journey better.
Factors that Affect Housing Loan EMI
Principal- The principal is the loan amount that you avail from the lender. It is directly proportional to your EMIs - lower principal will lower your monthly instalments and vice versa.
Rate of interest- The rate of interest is the rate at which the lender offers you the loan. It is also directly proportional to the value of your loan EMIs.
Tenure- The tenure is the time within which you repay your loan. The tenure is inversely proportional to your loan EMIs - longer tenure makes the monthly instalments cheaper and vice versa.
What is Home Loan Amortization Schedule?
Loan amortization is the process of reducing the debt with regular payments over the loan period. A home loan amortization schedule is a table giving the details of the repayment amount, principal and interest component.
EMI calculators give a fair understanding about the ratio of the principal amount to the interest due, based on the loan tenure and interest rates. EMI calculator also provides an amortization table elucidating the repayment schedule. Home loan calculator provides a complete break-up of the interest and principal amount.
How do part-prepayments impact your EMIs?
Part-prepayment brings down the principal amount, which in turn lowers the interest amount that you have to pay, which results in lower EMI amounts overall.
#LoanEMICalculator #LoanPrepayment #EMIExcelFormula #Excel #Calculator #FinCalCTV
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DISCLAIMER:
Examples used are for Illustration purpose only and might not cover every detail of examples shown. It is advised to seek professional help before taking any financial decisions. The owner of this channel shall not be liable in any way.

[@fincalc]

Calculator link: fincalc-blog.in/home-loan-emi-calculator-and-calculation-method/ MORE VIDEOS: SIP Excel Calculator: kzbin.info/www/bejne/b6nOhGqqqJl-rMU Income Tax Calculator: kzbin.info/www/bejne/o6iQlqV8qr6Vpa8 20 Years SIP Calculator: kzbin.info/www/bejne/ZmmbhGWQoJymj7c Loan EMI Calculator: kzbin.info/www/bejne/fITFiqJ-drp_npI PPF Excel Calculator: kzbin.info/www/bejne/kH_JiWOohtCVhqs FREE Android App: play.google.com/store/apps/details?id=com.rrr.apps.financialcalculator Telegram: t.me/fincalc_tv LIKE || SHARE || SUBSCRIBE

[@JOYCEARTSIZA]

hi plz help me.....are u frm mumbai coz i want tl take a loan and need help

[@maganlalsolanki6537]

416

[@sachingadge9519]

Nice video sir

[@tryvary1125]

Download link is not working 🤩

[@fincalc]

@@tryvary1125 it's working check this from here you can download fincalc-blog.in/home-loan-calculation-method-emi-prepayment-examples-formula/

[@aviralojha5412]

No doubt! This is the best video on KZbin for Home loan pre payment savings calculation. The presentor provided a crystal clear knowledge, no much fuss or mess while providing details. Comprehensive Knowledge gained after watching this video.

[@fincalc]

Thanks a lot for such a detailed comment and appreciation. Such comments motivates me to make more such videos for you all :) Stay Tuned

[@ShubhamSuryavanshi.]

Yes very easy to understand.. Appreciable efforts🔥🔥🔥👍👍👍

[@therising6033]

Awesome bhaiyya

[@Anesh121]

​@@fincalcBuddy just update the formula if interest is less

[@fincalc]

@@Anesh121 thanks

[@RohitSingh-iw6gr]

best samjhaya bhai ne atleast koi sip aur investments ka gyan nhi dia sabse best tarika 👍🏻

[@khanzermohammedsikandar33]

Clean and clear information. Thank you so much bro.

[@fincalc]

Welcome and thanks for your comment 👍🙂

[@equablestatus]

This is the best video on KZbin for Home loan pre payment savings calculation.

[@srinivascnp]

This is some real quality content bro. However I want you to consider one thing.There are some fixed deposits that provide greater interest rate than housing loan interest rate (e.g.shriram city union finance). Moreover, housing loan is calculated by reducing balance method while fixed deposit interest is calculated by cumulative method. This means that 1 lakh invested for 3 years will earn around 7.95% with shriram that gives you almost 1.23 lakh at the end of 3 years which is a good option if you compare with loan prepayment

[@fincalc]

Thanks for your comment. Yes you are right, some fixed deposits can give higher returns compared to home loan interest rate and those fixed deposits can be considered too. But in case of variable home loan interest rate, the rates might increase in future and accordingly we have to decide whether to prepay first or invest the amount. It depends on case to case. Thanks for your lovely comment🙂👍

[@mayurkadam2135]

What if shriram. Goes bankrupt so does your fd as well i am not tellin it will go and all just giving perspective that it is better to do waht is in our control

[@VinodSingh-ig8zj]

That's not a bank.

[@s_Kumar770]

Consider Tax on FD interest also .

[@jiniyaparvin5944]

Please contact number sir

[@vipinverma638]

Bahut hi shandar presentation sir, Kahi home loan wale naaraj na ho jaye aapse😂😂😂

[@fincalc]

Thank you. Sahi Kaha Aapne 😂😂

[@amazingtimes3458]

Excellent presentation, clear and precise 👌

[@fincalc]

thanks

[@asifsurti9154]

Bahut hi badiya video hai badi hi acchi Tarah explain Kiya Hai aapne aur bahut aasani se samajh me aa gaya.... Dhanyavad

[@fincalc]

Thank you

[@madanlal4535]

Gupta ji your Video is very informative and your channel deserve for Subscribed, one little query is there if someone get a home loan amount 10 Lakh for 10 years from sbi bank on floating rate of interest, can individual pay 1 lakh extra as prepayment continuously for first five year, and is the tenure of loan can be reduced by doing this

[@fincalc]

Thank you sir. Yes prepayment can be done and tenure can be reduced by keeping EMI same Watch this video to know more information with examples kzbin.info/www/bejne/rIDVdYCbm7qlesU Hope this helps

[@ishankjain2367]

Very informative Sir. Few basic questions :- 1. In the last months while doing prepayments, it was showing negative principal and interest. What does it mean ? 2. How does prepayment impact our tenure ? As an example, lets consider 2 cases in the above example :- Case#1 :- We are doing prepayment of 1 lakh Case#2 :- We are doing prepayment of 1.1 lakh, What's the difference in tenure in both the cases if EMI is same ? This is because bank generally talks about EMIs in terms of remaining months/tenure and if remaining months are same in both the cases whether we repay 1 lakh or 1.1 lakh, where exactly we are getting the benefit ?

[@ashwinibarhate1167]

Having the same query

[@sumatimahadik792]

Upon prepayment, what should we do? Should we reduce loan term or should we reduce EMI?

[@fincalc]

Reduce loan term. Keep EMI same. Because reduction in EMI will again take more interest amount from you which will cancel the benefit of prepayment

[@amaladasu]

@@fincalc it may not completely cancel the benefit of prepayment, if I choose to reduce monthly EMI amount ?

[@rocking_ahlawat]

So nicely u have explained. Very important knowledge u have imported. Thanks a lot.

[@fincalc]

Thanks and welcome. Share with your friends as well :)

[@sonaimridul1]

Very nice explaination sir. My question is if I want to reduce the Emi value by doing any pre payment. What is the process for that. If I understand correctly that if I prepay in the earlier days and keep the emi same, then the tenure decreases. But if I want to reduce the emi value, then what is the process?

[@fincalc]

Same process. After prepayment you have tell bank to reduce EMI and they'll recalculate EMI for you. To know how reduced EMI is calculated watch this video kzbin.info/www/bejne/rIDVdYCbm7qlesU

[@gandhimonali2247]

If you have sufficient amount to pay EMI, so Reduce EMI Amount is not good option

[@fincalc]

@@gandhimonali2247 right

[@ManojSharmaExplorer]

This video deserve Likes. Great content. Far better than any reel Videos. This adds value 👍🏻

[@fincalc]

Thanks for your lovely comment 👍🙂

[@snehashisdas960]

sirji are these calculations same for every institutes? or does it differ? (ex:- does sbi and hdfc both calculate in the same way? )

[@fincalc]

it is same in all banks and institutions

[@jiniyaparvin5944]

Bahut achchha formula hai bhaiya

[@rashi127]

Can you please share the excel calculator for prepayment?

[@fincalc]

The link to download excel is in description of video

[@saritathakur3296]

Very informative video… I derived value from this. Thankyou so much and god bless you with all success❤❤

[@vishalpawar7306]

Nicely explained Abhilash ji. I wanted to know, can I show the monthly interests paid for a home loan in income tax reduction?

[@fincalc]

Thanks Vishal. Yes you can claim up to Rs. 2 lacs in a FY under section 24 and use home loan interest paid by you to reduce income tax. Watch this video to know more options to reduce income tax: kzbin.info/www/bejne/aJ7Ig4BvdpmUipY

[@vishalpawar7306]

@@fincalc Thank you Abhilash ji. Also, will do check this video.

[@swapnilkothari26]

Thanks for valuable info... nice video So we can repay additional amount in any month no need to wait for year end

[@fincalc]

Yes, correct

[@juwalekhalilabduljuwale326]

Bank of India se 12 lakh home loan liya hu 20 years ke liye 12thousand mera emi hai mai is ko jaldi kaise clear kro please suggest me

[@fincalc]

prepayment karke hi jaldi clear kar sakte ho

[@computerscare7199]

Interest rate kya hai apka

[@mayanksaxena15]

Amazing Bro. Very Nice. This is what I wanted. I wanted to calculate the monthly prepayment adjustments. Thank you.

[@fincalc]

Thank you. You may find below video helpful when interest rate on home loan changes. Check this as well kzbin.info/www/bejne/aXa0p6aNmaelq7s

[@Santosh-pv4pb]

Sir ye floating rate aur fixed rate of interest me same hoga kya?

[@Dhanjee_pandey999]

No fixed rate costly hoga flexi achha rhta hai Rbl repo rate se link hona chahiye abhi market rate 6.9 hai aapka bhi hona chahiye nhi hai to balance transfer krwaye

[@fincalc]

thoda different hota hai dono rates me. Ye video dekho isme mene saari queries solve ki hai. Link: kzbin.info/www/bejne/rIDVdYCbm7qlesU

[@aakritisharma8728]

@@Dhanjee_pandey999 processing fees bhi dubara pay karni hoti hai

[@rudrakumardhiwar1990]

Bahut bahut dhanyawad apka sir

[@fincalc]

Welcome 👍🙂

[@infinitex2252]

I have a query on home loan. My loan AMT is fully disbursement now. In between I have opted for conversion twice to reduce interest rate from 9 to 6.9. my query is if it is wise to increase EMI. As per many suggestions, emi can be increased which will reduce tenure drastically. But the interest component will also increase accordingly, which is what the bank may want as they wan us to pay max money initially. Or is it wise to not increase the EMI but accumulate money and do part payment so it will reduce tenure to a huge extent. Or should I do both. Which is beneficial. Your suggestion pls.

[@fincalc]

You have commented on 4 of my videos and got my attention successfully 🙂 Anyway. Yes, increasing EMI will help you reduce the tenure drastically and also total interest will be reduced. It's not true that interest increases with increase in EMI, the total interest actually decreases with the increase in EMI. Secondly, doing Prepayments will again help you to reduce overall interest and tenure as well since it reduces your total outstanding balance on loan. So doing both is the best option here. But little bit of caution here. Don't use your entire funds in increasing EMI and doing prepayments, keep some funds for your basic needs as well. So plan accordingly to set the EMI, the amount you can afford every month to pay EMI and once you have some additional funds, do regular prepayments. Use my excel calculators to plan accordingly. I hope this will be useful. Let me know if anything else is required. All the best 👍 I'll paste this on all of your other comments so people find it useful 🙂

[@infinitex2252]

@@fincalc Thanks a lot. But just a confusion that on increasing EMI. assuming my emi is 20k per month. If I increase to 30k the additional 10k will also have principal plus interest right? So I'm paying additional interest in 10k rupees. If I just do prepayment will it have less benefits than prepayment plus EMI increase.

[@fincalc]

@@infinitex2252 yes you are right. Increase in EMI will increase principal and interest amounts "on monthly basis". You can do one thing to understand more: 1. For 20k EMI, check the interest amounts and add all interest amount of all months throughout the tenure. You'll get sum of interest for 20k emi 2. Next, for 30k EMI, add interest of all amounts throughout the tenure you'll be paying 3. Now compare total interest amounts of 20k EMI with 30k EMI 4. Notice, 30k EMI months (tenure) will be less compared to 20k EMI tenure You'll find total interest you'll pay with 30k EMI will be less, which is what we want - to pay less interest "overall" right? Your confusion is - you are comparing interest amount of single month for both EMI. Instead you should check the total interest you'll be paying throughout the tenure after comparing both amounts of EMI. In this way, higher the EMI you pay, less interest you have to pay. But as I said, plan accordingly. Doing only prepayments will also work in the great way as you must have seen in my videos. Hope this helps.

[@infinitex2252]

@@fincalc superb. Thanks. alot. I will check the mentioned steps. God bless. 💐👍

[@vinodmunda7655]

💐🌹🌷Thank You Sooo Much Bhai....Thank You Sooo Much....Thanks a lot⭐🌺🥀

[@fincalc]

Most welcome

[@priyer74]

Thank you. very nice presentation. now i will make my loan prepayment at least in the 3 rd year

[@fincalc]

Welcome. Glad to know the video helped you. 🙂👍

[@harmindersingh6846]

Thanks for this easy understand video for saving loan 🙏

[@fincalc]

Glad it was helpful!

[@sourabh5301]

very nice bro 100% accurate

[@fincalc]

Thanks and welcome

[@surendrasuthar5093]

Bhai bht bht dhanyawad 🙏❤️

[@fincalc]

welcome

[@laxmimahajan4412]

Sir apke video bahut helpful hai Lekin aap jo formula put krte ho use screen pr bhi with sign display Kiya Karo taki hme pata chl ske

[@sachinkumarvats7573]

Very well explained, u did not hide any calculation.

[@fincalc]

Thanks 👍

[@2416deepak]

Very good explanation tks

[@fincalc]

Welcome 👍

[@imrankhan-ym6jn]

Super video very good information sir Thank you

[@fincalc]

So nice of you

[@jogindersani-ir7ff]

Very nice informative video best

[@fincalc]

Thanks for liking

[@naturelver5439]

Best video bro ...isse ache trike se koi bi home loan ke doubt clear nhi kr skta... But 1 doubt h ..agr prepayments na krke EMI ki jyada kr di jaae to usse ky fayda or ky nuksan hoga

[@fincalc]

Ha EMI increase kar sakte hai jisse tenure Kam hoga aur interest save hoga. 1 disadvantage ye ho sakta hai ki EMI afford hona chahiye. EMI afford kar sakte hai every month to increase karna acha hoga

[@NarenderKumar-uv4fq]

Excellent video for home loan

[@laxmanpawar3780]

Very good, informative video

[@fincalc]

Thanks 👍🙂

[@bharatashokprajapati1024]

Thanks alot For wonderful information

[@sumeetkumar6778]

The video is really informative witb tje utility, but it would be really great to have one more functionality where based on inputs ,if it can help me to get the TOTAL PRINCIPAL PAID and TOTAL INTEREST FOR ONE PARTICULAR FINANCIAL YEAR. Stating the same so that we can also understand that kitne limit se jayda prepayment nahi karna so that we do not loose on the 2 lakh subsidy on loan interest.

[@fincalc]

thanks for your feedback.. noted

[@harikantagogoi2607]

Bahut khoob...👍👍

[@fincalc]

Thanks 👍

[@kunchapuganesh]

Thank You Sir for valuable information 💐🙏

[@fincalc]

welcome :)

[@mitthakur6128]

Waaaa bhot khub sir

[@AJK666007]

Hands down the best video on KZbin for home loans prepayment. Good job buddy.

[@fincalc]

Glad you liked it!

[@prashant09090]

Informative video

[@fincalc]

Thanks

[@harshadchorge8225]

Very helpful video. Thank you sir 🙏

[@fincalc]

welcome

[@dipalimalvekar2472]

Nice information thank u

[@thechemistryofbeer.8557]

Thank you bhai.. valuable information

[@fincalc]

thanks bhai

[@user-ex9qg3hh2d]

Great information

[@AliMuhammad-sm9hx]

Great video.

[@fincalc]

Thanks

[@vaishalisrecipe5966]

It's very useful for me thank u👍

[@fincalc]

Welcome

[@udaybatwal3719]

Very Good

[@fincalc]

Thank you! Cheers!

[@shishirsashindran]

Good insights on this topic. Very useful.

[@premdasramteke8674]

👌Very nice information 🙏thanks so for

[@fincalc]

Welcome 🙂👍

[@sarveshsharma432]

Well done

[@fincalc]

Thanks 👍

[@ManishaSingh-mx6fe]

Best explanation i have ever seen Loved it...

[@fincalc]

Thanks

[@anilmaurya9075]

Hii

[@navnathsahane717]

Good information sir Thanks

[@fincalc]

Welcome 🙂👍

[@prakashabhijah4397]

Dear sir, thank you and really it's useful information..🙏

[@fincalc]

Welcome. Please subscribe and share with your friends 🙂👍

[@pradeepbikramshah8050]

Very nice video

[@fincalc]

Thanks 👍

[@AlamKhan-yt9wd]

Thanks

[@fincalc]

Welcome 😊

[@ankushraut8152]

Very nice sir

[@fincalc]

Thanks

[@bhavintandel2032]

Thanks...bro...for.. information

[@fincalc]

any time :)

[@MahendraSingh-uh1fe]

Thenks

[@fincalc]

Welcome

[@satyamkeshri]

Excellent description

[@fincalc]

thanks

[@Superr77-m9v]

Thank you for such informative video. I have a question that can we transfer money from foreign account to Indian home loan account?

[@fincalc]

Thanks. You can transfer from foreign account to Indian Bank account from which emi is getting deducted every month. From this account you can pay the loan amount

[@nizamshaikh3951]

Bahot khoob sir

[@fincalc]

Thank you 👍🙂

[@seabreeze234]

Very good sir very nicely explain.

[@fincalc]

Thank you 👍🙂

[@heavyconstructionandsupers3482]

Nice knowledge

[@mukeshKumar-bu3zy]

Thanks bro

[@fincalc]

Welcome 🙂

[@DeepakKumar-ts5zm]

Very nicely explained

[@fincalc]

Thanks 👍🙂

[@asrafalifatmi5670]

धन्यवाद.

[@fincalc]

Welcome 🙂👍

[@indiaindia8146]

Great

[@fincalc]

thanks

[@Boss-pc4tz]

Thankyou very much .🙏

[@fincalc]

Welcome 🙂👍

[@Rajeshmeena079]

अच्छा वीडियो हे

[@fincalc]

Thanks 👍

[@ayshakhan5297]

thank y sir ....................

[@fincalc]

Welcome

[@rekharao4658]

Information about home loan excellent

[@fincalc]

Thank you. Please SUBSCRIBE and share with your friends

[@LokeshKumar-zb6ce]

Excellent content

[@fincalc]

Thanks

[@asifpatel3209]

Good option

[@SandeepKumar-gc2fu]

Very nice

[@DEEPAKkumar-nr8fe]

Very nice presentation

[@fincalc]

Thanks 👍

[@SumitKumar-ql9ev]

V. Good

[@fincalc]

Thanks

[@abhinavsharma7268]

Good job... salute

[@fincalc]

Thank you :)

[@prajwalwaingankar3636]

- Can we change Tenure after taking loan like after 2-3 yrs? - Adding 1Lakh to save 60K how is it good?

[@harishkashyap2744]

Good vedio

[@fincalc]

Thanks

[@amitpawar2072]

Best video.. Thank you so much sir...

[@fincalc]

Most welcome

[@rajeshbhanushali475]

pre payment dalte time bank me kya kam karvana chahiye year ya EMI?

[@fincalc]

@@rajeshbhanushali475 year Kam Karna Chahiye. Ye video Dekho kzbin.info/www/bejne/rIDVdYCbm7qlesU

[@nandachavan2945]

Thank you about the information

[@fincalc]

Welcome 🙂👍

[@rohitvachhani6244]

Very nice video..keep going on..👌👍

[@fincalc]

Thanks 👍🙂

[@SushantaKar]

Good Idea

[@Tradebit007]

Best calculation

[@mithunshah1275]

Sir, thank you for well explained. I've two doubts, 1st interest amount kum hone par bhi EMI amount kyun same reh raha hai last month of loan repayment, agar aaisa hai to hum kaise savings kar sakte hai & 2. Loan tenure kum karne k kya options hai ? Please advise

[@yogeshwagh558]

Sir aapka mobile no do problem puchna he

[@swarupkr.chakraborty3802]

very informative video

[@travelknowledge2m672]

Very nice idea sir 👍 thank you for sharing 🙏🙏 I m your new frnd Keep continue sir

[@fincalc]

Thank you so much for your lovely comment 🙂👍

[@mohasinjamadar3696]

Great video 👍👍

[@fincalc]

Glad you enjoyed it

[@ramaraogmail]

Nice explanation 👌

[@fincalc]

Thanks 🙂👍

[@-vinod888]

Excellent.

[@fincalc]

thanks

[@ashwinibarhate1167]

If we do prepayment,then our tenure will automatically gets reduced,right? Means depending on tenure and remaining principal amount , further intrest gets calculated?

[@fincalc]

Yes right. Watch this video for more clarity kzbin.info/www/bejne/f4TFgn-nbZp2h6s

[@vedantkumar152]

fincalctv please clarify my doubts from your video: 1. We all know home loan doesn't come from bank straight forward like all 30 lacs in 1st month of loan sanction. They will release based on home stage wise completion so in this case person will be getting 30 lacs in 4 installments (as an example) and each installment will be at a gap of 4 months. In this case still this excel is valid? as tenure for 2nd,3rd and 4th installment of principal amount is reduced in calculation by 4 months for each installment respectively if we are not changing end repayment date. 2. where to get changed interest rates lets say as an example based on lhplr/repo rate etc. from 2021 till date and how to interface in your excel. 3. where to get rebate/subsidy issued occasionally by government and how to interface it in your excel.

[@UbaidKhan-bv3rt]

Taking longer tenure like 15 years then prepaying it is more beneficial or short tenure like 10 years then prepaying will be more beneficial. As it is in my mind to prepay my loan earlier so i was thinking to take 10 years tenure but people are suggesting that I take longer tenure like 15 years then prepaying it will be more beneficial.. is this thing is right.? please suggest

[@fincalc]

Longer tenure will obviously make you pay more interest. So here 10 years will be more beneficial provided you can pay the emi as it will be slightly more compared to 15 years tenure And prepaying with 10 years tenure will help you close your loan faster compared to 15 years tenure

[@veerkrupa3965]

Nice

[@fincalc]

Thanks 🙂👍