Calculate loan prepayment savings
See how a lump-sum prepayment shortens your loan or lowers your EMI, and how much interest it saves.
When you plan to prepay, and how much.
Keep your EMI the same and finish earlier, or lower your EMI and keep the original end date.
Interest saved, and either the reduced tenure or the reduced EMI.
Frequently asked
Which strategy saves more interest: reducing tenure or reducing EMI?
Reducing tenure while keeping the EMI the same almost always saves more total interest, since the loan is paid off sooner and stops accruing interest earlier.
Do lenders charge a fee for prepayment?
Some do, especially on fixed-rate loans or before a lock-in period ends. This calculator doesn't include any prepayment fee, so check your loan's terms.
Can I make multiple prepayments over time?
This calculator models a single lump-sum prepayment. For repeated prepayments, run it again using the reduced balance and remaining tenure as your new starting point.