About Prepayly & our editorial policy
Last updated: June 2026
What this site is
Prepayly offers free, no-login calculators and plain-English guides to help Indian home-loan borrowers understand prepayment, foreclosure, balance transfer, and the choice between repaying debt and investing. Our goal is simple, accurate, jargon-free tools.
Who runs it
Prepayly is produced by the Prepayly Editorial Team — an independent group that builds personal-finance tools for Indian borrowers. We base our calculators on standard loan mathematics and our guides on primary sources (see below). We are not affiliated with, or endorsed by, any bank, NBFC or government body.
How our calculators work
All calculations run in your browser using standard loan mathematics:
- EMI: the standard reducing-balance formula
EMI = P·r·(1+r)ⁿ / ((1+r)ⁿ − 1), where r is the monthly rate and n the number of months. - Prepayment, foreclosure, balance transfer: we simulate the amortisation month-by-month to compute interest saved, revised EMI/tenure, and break-even.
- Prepay vs invest: compared on an apples-to-apples basis — same monthly outflow and the same end date — so the two options are genuinely comparable.
Results are illustrative estimates; your lender's exact amortisation, fees and rate resets may differ. See our Disclaimer.
Our sources
For rules, rates and tax points we rely on primary sources and update when they change:
- Reserve Bank of India — directions and circulars (e.g. the RBI (Pre-payment Charges on Loans) Directions, 2025): rbi.org.in
- Income Tax Department of India: incometax.gov.in
- Union Budget announcements for slab/section changes.
How often we review content
Because financial rules change, we review affected pages:
- After every relevant RBI policy or circular.
- After every Union Budget (February) for tax-related content.
- At least quarterly as a baseline check.
Each page shows a "Last updated" date so you know how current it is.
Independence & how we make money
Prepayly is free to use. We earn through affiliate links and advertising. We mark affiliate links clearly and disclose them. Commercial relationships never change our calculations or the information we present. We are not a bank, NBFC, or SEBI-registered investment adviser, and we do not provide personalised advice. See our Disclaimer and Privacy Policy.
Corrections
Spotted something wrong or out of date? Tell us at [email protected] and we'll fix it.