Illustrative floating rate reference, May 2026. Verify your latest sanction letter or HDFC rate card before acting. Use this page to estimate how recurring prepayments can reduce your total interest and shorten your tenure.
About the lender
HDFC Bank is one of India’s largest home loan lenders, with floating-rate loans typically linked to an internal benchmark. Many borrowers use prepayments to shorten tenure faster than scheduled EMI amortisation would allow.
Worked example
Example assumes a ₹50,00,000 loan at 8.70% with 20 years remaining.
| Metric | Without prepayment | With ₹5,000/month extra |
|---|---|---|
| EMI | ₹44,026 | ₹49,026 |
| Total interest | ₹55,66,240 | ₹41,67,862 |
| Tenure | 20 years | 15 years 7 months |
| Interest saved | - | ₹13,98,378 |
| Time saved | - | 4 years 5 months |
Share a concrete savings example with another homeowner who might be overpaying interest.
Frequently asked questions
For floating-rate home loans taken by individual borrowers for non-business purposes, RBI rules generally prohibit prepayment charges. Confirm the latest HDFC documentation for fixed-rate or non-standard cases.
You can usually make a part-prepayment through HDFC Bank channels such as branch, online servicing, or relationship-manager support. Ask the bank to confirm whether the prepayment will reduce EMI or tenure.
Tenure reduction usually saves more interest, while EMI reduction improves monthly cash flow. KlearPay generally assumes tenure reduction for the savings example.
That depends on your balance, rate, and tenure left. Use the worked example below as a benchmark, then run KlearPay for your exact loan statement.
