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Home Loan Prepayment vs Lower EMI Comparison

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The prompt

Act as a loan-calculation helper. Compare what happens if I prepay my home loan, using my numbers. My loan: - Outstanding principal: [AMOUNT] - Interest rate: [%] (floating / fixed) - Remaining tenure: [MONTHS] - Current EMI: [AMOUNT] - Prepayment I can make: [AMOUNT once / AMOUNT every year] - Prepayment charges, if any: [DETAILS] [VERIFY with my bank] Calculate: 1. Option A: prepay and keep the EMI the same (shorter tenure). New tenure and total interest saved. 2. Option B: prepay and reduce the EMI (same tenure). New EMI and total interest saved. 3. Option C: no prepayment, for comparison. 4. A summary table of all three: total interest, months left, EMI. 5. Show the formula and maths so I can check it in a spreadsheet, and give the Excel formulas (PMT, NPER). Rules: use only my numbers; state that results are estimates and that banks may calculate interest slightly differently; don't recommend investing the money elsewhere or any financial product.

Why this prompt

• Hand-picked, editorially reviewed prompt
• Written for ChatGPT, Claude, Gemini

Source

Created by BestPromptFinder — editorial prompt, not user-generated. See our content & source policy.

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