Loans

Loan Prepayment Calculator

Estimate how an additional one-time, monthly or yearly payment may change remaining interest, EMI or loan tenure.

Current Loan Status

Prepayment Plan

Original Total Interest

₹

Total Interest Saved

₹

Revised Loan Plan

Current EMI ₹
New Tenure Months
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How the prepayment estimate works

The calculator first estimates the remaining schedule from the outstanding principal, current EMI and annual interest rate. It then applies the selected additional payment and compares the revised schedule with continuing the loan unchanged.

One-time payment

Applied immediately before the revised EMI or tenure is estimated.

Monthly extra

Applied after each regular monthly EMI and used to reduce tenure.

Yearly extra

Applied after every 12 regular EMIs and used to reduce tenure.

Reduce tenure or reduce EMI?

Reduce tenure: keeps the current EMI and estimates an earlier payoff. This usually directs more of the benefit toward shortening the loan.

Reduce EMI: keeps the estimated remaining tenure for a one-time prepayment and lowers the monthly payment.

Recurring monthly or yearly payments automatically use the reduce-tenure approach in this calculator.

Frequently asked questions

Why can the lender's result differ?

Payment dates, daily or monthly interest calculation, rounding, rate resets and lender-specific allocation rules can change the actual schedule.

Are prepayment charges included?

No. Check your sanction letter, lender terms and applicable rules for charges or conditions before paying.

Why does the calculator say my EMI is too low?

If the entered EMI does not cover one month's estimated interest, the balance would not reduce under this model.

Continue your loan decision

Recheck the original EMI, estimate borrowing capacity, or compare prepayment with investing.

Loan EMI → Eligibility → Prepay vs Invest →

This is an educational estimate. It assumes the entered rate and EMI remain unchanged and excludes fees, taxes, insurance and other lender charges.