Loan Prepayment Calculator
See how extra payments could reduce your loan interest, EMI or repayment period.
* Starting figures are illustrative starting values only. They are not current, recommended or average market interest rates.
Current Loan Details
Duration: 20 Years (240 Months)
Calculated via reducing-balance amortization from 36 EMIs paid.
Prepayment Type
What should prepayment reduce?
Finish your loan 1 year 6 months sooner
With a ₹2,00,000 prepayment, this scenario could reduce your estimated remaining interest by ₹5,93,510 and shorten the loan by approximately 1 year 6 months.
Before vs After Comparison
Compare your baseline loan with the revised scenario side by side.
Your path to being debt-free
The impact of your prepayment
Compare your remaining loan balance with and without prepayment.
Original repayment tenure
17y
With prepayment
15y 6m
Interest saved
₹5,93,510
The purple area tracks your balance with prepayment. Compare it with the dashed original loan path to see how your outstanding principal changes.
Prepayment at a Glance
Summary synchronized with current loan and prepayment inputs
Repayment Schedule
Yearly amortization schedule. Click any year to view monthly installment details.
| Year | Opening Balance | Principal Paid | Interest Paid | Total Payment | Closing Balance | |
|---|---|---|---|---|---|---|
| Year 1 | ₹44,74,300 | ₹1,45,976 | ₹3,74,716 | ₹5,20,692 | ₹43,28,324 | |
| Year 2 | ₹43,28,324 | ₹1,58,880 | ₹3,61,812 | ₹5,20,692 | ₹41,69,444 | |
| Year 3 | ₹41,69,444 | ₹1,72,921 | ₹3,47,771 | ₹5,20,692 | ₹39,96,523 | |
| Year 4 | ₹39,96,523 | ₹1,88,206 | ₹3,32,486 | ₹5,20,692 | ₹38,08,317 | |
| Year 5 | ₹38,08,317 | ₹2,04,844 | ₹3,15,848 | ₹5,20,692 | ₹36,03,473 | |
| Year 6 | ₹36,03,473 | ₹2,22,948 | ₹2,97,744 | ₹5,20,692 | ₹33,80,525 | |
| Year 7 | ₹33,80,525 | ₹2,42,657 | ₹2,78,035 | ₹5,20,692 | ₹31,37,868 | |
| Year 8 | ₹31,37,868 | ₹2,64,103 | ₹2,56,589 | ₹5,20,692 | ₹28,73,765 | |
| Year 9 | ₹28,73,765 | ₹2,87,450 | ₹2,33,242 | ₹5,20,692 | ₹25,86,315 | |
| Year 10 | ₹25,86,315 | ₹3,12,858 | ₹2,07,834 | ₹5,20,692 | ₹22,73,457 | |
| Year 11 | ₹22,73,457 | ₹3,40,511 | ₹1,80,181 | ₹5,20,692 | ₹19,32,946 | |
| Year 12 | ₹19,32,946 | ₹3,70,610 | ₹1,50,082 | ₹5,20,692 | ₹15,62,336 | |
| Year 13 | ₹15,62,336 | ₹4,03,366 | ₹1,17,326 | ₹5,20,692 | ₹11,58,970 | |
| Year 14 | ₹11,58,970 | ₹4,39,023 | ₹81,669 | ₹5,20,692 | ₹7,19,947 | |
| Year 15 | ₹7,19,947 | ₹4,77,829 | ₹42,863 | ₹5,20,692 | ₹2,42,118 | |
| Year 16 | ₹2,42,118 | ₹2,42,118 | ₹5,821 | ₹2,47,939 | ₹0 |
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Estimates Disclaimer
Prepayment calculations are estimates based on the information and scenario you provide. Actual lender calculations, prepayment rules, fees, interest treatment and repayment schedules may differ. Check your lender's terms before making a prepayment.
How loan prepayment affects interest and tenure
Enter your loan details and planned extra repayments to compare your original repayment plan with a prepayment scenario. Explore keeping the EMI unchanged to reduce tenure or reducing the EMI where available.
Calculation method
An extra payment reduces the outstanding principal. Subsequent interest is calculated on the reduced balance, so the timing and size of each prepayment affect the estimated savings.
Example
Compare a one-time extra repayment with the same amount paid later in the schedule. An earlier payment usually saves more interest when other loan terms stay the same.
Assumptions and limitations
Check your lender’s rules for prepayment charges, minimum amounts and EMI recalculation. Estimated savings do not include charges unless explicitly shown.
These tools provide estimates for financial education and planning. They do not provide personalised financial advice.
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