Home Loan Prepayment Calculator Guide

1. Loan Against Property

3. We try to provide you the best loan calculator. But what makes a loan calculator good for its users? • A loan calculator’s utility is substantially enhanced by incorporating the functionality of prepayment. • This blog not only offers a good home loan prepayment calculator but also a researched, in-depth write-up. • This blog explains in detail the concept & benefits of home loan prepayment. One can save large sums of money if prepayment is done timely.

4. Why use a prepayment calculator? • Prepayment calculators help in estimation of potential savings. Exemplifications coupled with great software makes this home loan calculator a rare find on internet. • Let’s take an example. Suppose one took home loan with tenure of 20 years. • In this tenure total interest payable will be 1.4 times of principal (@10.5% p.a.). • Means, if home loan is $100,000, total interest payable will be $140,000. Total payment to be made by the borrower will be $100,000+$140,000 = $240,000.

5. What this home loan prepayment calculator does? • What this calculator does best is make people aware about the potential savings they can do with every dollar of prepayment. • What is the worse part of interest payments? Even if we continue paying interest for next 100 years, the Loan Against Property burden will not reduce even by one dollar. • [Source: http://www.getmoneyrich.com/home-loan-prepayment-guide-india/]

6. Click to know more on Loan Against Property : https://www.hdfc.com/non-housing-loans/loan-against-property-salaried Thank You…