With vs without prepayment

Loan Prepayment Calculator

See how part-prepayments change your remaining tenure, your EMI and the total interest you pay.

Your Loan Today

₹10,000 Balance left on your loan ₹10 Cr

Current monthly EMI ₹43,391

Calculated from the outstanding principal, rate and remaining tenure.

EMIs still to be paid

1 year 240 months remaining 30 years

Prepayment plan

Month 1 = your next EMI. Earlier prepayments usually save more interest.

After each prepayment

Prepayment charges

Prepayment charges depend on the loan type, lender and applicable regulations. Certain floating-rate loans to individual borrowers may have exemptions from prepayment charges under applicable RBI rules. Verify the current terms with your lender. This calculator does not include any prepayment charges.

Effect of prepayment

Loan closes 4 yrs earlier

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Interest saved

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New tenure
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Total prepaid
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Interest saved is the reduction in interest payable on this loan. It is not an investment return.

Status quo

Without Prepayment

Remaining tenure
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EMI
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Total interest
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Total payments
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Last EMI

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With plan

With Prepayment

Tenure
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EMI
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Total interest
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Total payments (incl. prepaid)
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Last EMI

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Total interest comparison

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Interest still payable: — Interest saved: —

Outstanding Balance Over Time

Principal still owed each month, with and without your prepayment plan.

Without prepayment With prepayment
Outstanding balance chart
Now First prepayment: EMI 12 — —
Interest saved — Lower interest payable over the loan
Tenure reduction — Fewer EMIs to pay
EMI after prepayment — Monthly EMI

Things to Consider

Timing matters

In the early years of a long loan, a large share of each EMI goes to interest. A prepayment made earlier reduces the balance on which interest is charged for longer, so it usually saves more. Change the EMI month above to compare.

Reduce tenure or EMI?

Keeping the EMI and shortening the tenure generally reduces total interest more. Lowering the EMI eases your monthly budget instead. Lenders may allow one or both options — check with yours.

Prepaying vs keeping funds

Money used to prepay is no longer available for emergencies or other goals, and any tax benefits on the loan may change. Consider your liquidity and overall situation; a qualified adviser can help you decide.