Pay Less Interest on Loan | EMI & Prepayment Calculator Explained

Most loan borrowers focus only on EMI. Very few look at the total interest paid and that’s where lakhs are lost. A ₹60 lakh loan at around 9-9.5% can cost you ₹30+ lakh only in interest. But with small EMI hikes or smart prepayments, you can save at least ₹6-7 lakh or even more without changing your bank or refinancing. In this video, I explain the Loan Prepayment Calculator, which helps you: • Calculate total interest paid on your home loan • Understand EMI split between principal & interest • See how small EMI hikes reduce interest • Compare monthly vs yearly prepayments • Reduce loan tenure by years • Track everything using a month wise amortization schedule This calculator is useful if you want to: ✔ Pay less interest on your home loan ✔ Become debt free faster ✔ Plan EMI hikes smartly ✔ Make informed prepayment decisions 📊 How to Use the Calculator 🔗 Google Sheet Link: https://docs.google.com/spreadsheets/... 1️⃣ Open the sheet 2️⃣ Go to File → Make a Copy 3️⃣ Choose your Drive location and click Make a Copy ✍️ Enter values only in cells C2 to C7 in the Inputs tab ⚠️ Do NOT change any formulas - everything else updates automatically. Small financial habits today create big savings tomorrow. Check your loan numbers and take control with Paisa Principle 🚀 #loan #loans #homeloan #loanprepayment #emi #personalfinanceindia #indianfinance #debtfreejourney #moneyeducation #indianfinance #homeloantips #loantips #ThePaisaPrinciple #prepayment #prepayloan