Financial Calculator
Loan Prepayment Calculator
Estimate how a part-payment could affect your remaining loan tenure, EMI and total interest.
Current Loan Details
Enter your current outstanding loan and the amount you plan to prepay.
Part-payment must be less than the current outstanding amount.
Prepayment Analysis
See how your prepayment could affect the loan
Potential Interest Saved
₹13,263
Assuming you make the part-payment and continue with the same EMI.
Current EMI
₹3,295
Outstanding After Prepayment
₹95,700
Current Interest Remaining
₹29,154
Interest After Prepayment
₹15,891
Option A
Keep EMI the same
New remaining tenure
34 months
Tenure reduction
13 months
Interest saved
₹13,263
Option B
Keep tenure the same
New EMI
₹2,508
EMI reduction
₹786
Interest saved
₹6,958
This calculator provides an estimate using a standard reducing-balance loan calculation. Actual savings may differ due to lender-specific interest calculations, prepayment charges, taxes, fees, EMI dates and other loan terms.
How loan prepayment works
A part-payment reduces the outstanding principal of a loan. Future interest is then calculated on the reduced outstanding balance, subject to the terms and calculation method used by the lender.
Keep EMI the same
If the lender keeps your EMI unchanged, the reduced principal can result in a shorter remaining loan tenure. This can reduce the amount of future interest paid.
Keep tenure the same
If the remaining tenure stays unchanged, the reduced principal can result in a lower EMI. The total interest payable can also decrease.
Disclaimer: This calculator is provided for informational and illustrative purposes only. Actual savings, revised EMI, tenure and charges depend on the lender's policies, loan agreement, interest calculation method, prepayment charges and other applicable terms. Please confirm the final figures with your lender.