Loan calculator
Loan Prepayment Calculator
Estimate interest savings from part-prepayment and see whether reducing tenure may help.
Prepayment calculator inputs
Prepayment result and chart
Smart prepayment insights
Guide
How this loan prepayment calculator works
It compares interest on the current balance with interest after reducing principal by the prepayment amount, assuming EMI is adjusted over the same tenure.
Use cases
- Estimate savings before making a lump-sum payment.
- Compare prepayment amount options.
- Plan whether to reduce EMI or tenure.
Tips
- Prepay earlier for higher interest savings.
- Check lender charges before payment.
- Tenure reduction often saves more than EMI reduction.
FAQ
Loan prepayment FAQs
Prepayment is an extra payment made toward loan principal before schedule.
Yes, reducing principal can lower future interest.
Tenure reduction often saves more interest; EMI reduction improves cash flow.