How does the calculator handle prepayment options for home extension loans?

Most home extension loan calculators do not have a specific feature to directly handle prepayment options. However, you can still use the calculator to get an estimate of the potential savings from prepaying your loan.

Here's how you can use the calculator:

1. Calculate the current EMI: Input the loan amount, interest rate, and loan tenure into the calculator to determine your current monthly payment.
2. Estimate prepayment amount: Decide how much you want to prepay.
3. Recalculate EMI: Input the reduced loan amount (original loan amount minus prepayment) into the calculator and keep the interest rate and remaining tenure the same.
4. Compare EMIs: Compare the new EMI with the original EMI to see how much you'll save each month.

Keep in mind that some loan providers may charge prepayment penalties. If your financial institution imposes a penalty, you'll need to factor it into your calculations to determine the net savings from prepaying.