LOAN TOOLS

Loan Prepayment Calculator

See how prepayment can reduce your loan tenure and interest.

Outstanding Loan Amount

Interest Rate (%)

Remaining Tenure (months)

Prepayment Amount

Choose Prepayment Strategy

Reduce Tenure (Keep EMI same)Reduce EMI (Keep Tenure same)

Interest Saved

₹17,56,340

Current EMI

₹43,391

New EMI

₹43,391

Tenure Reduced By:52 months (4 years)

New Tenure:188 months

Interest Comparison

Without Prepayment

Interest Payable₹54,13,879

Tenure240 months

After Prepayment

Interest Payable₹36,57,538

Tenure188 months

What This Means

Prepayment allows you to reduce your loan burden faster. You can either reduce your monthly EMI (keeping the tenure the same) or reduce your tenure (keeping the EMI the same). The calculator shows the interest savings in both scenarios.

Key Assumptions

• EMI is calculated using standard amortization formula
• Interest rate is assumed to be fixed
• No processing fees or penalties are included
• Interest savings are calculated based on new tenure

Disclaimer: This is an educational estimate only. Actual prepayment terms, penalties, and interest calculations may vary by lender. Always check with your lender for exact figures before making prepayment decisions.