Pay Less Interest
Loan Prepayment Calculator
See how much interest you save by making a part-prepayment on your loan — and whether to cut your tenure or lower your EMI.
Your loan & prepayment
₹20,00,000
₹1,00,000₹3,00,00,000
9%
7%24%
20 yr
1 yr30 yr
₹3,00,000
₹10,000₹12,00,000
24 mo
1 mo239 mo
Total interest saved
₹8,69,644
Current EMI₹17,995
Interest without prepay₹23,18,685
Interest with prepay₹14,49,041
Tenure cut by5y 5m
What is loan prepayment?
Prepayment (or part-payment) means paying a lump sum towards your outstanding principal, over and above your regular EMIs — cutting the interest you pay over the loan’s life.
Reduce tenure or EMI?
Reducing tenure keeps your EMI the same but closes the loan sooner and saves the most interest. Reducing EMI eases monthly cash flow but saves less overall.
Watch for charges
Floating-rate loans to individuals usually have no prepayment penalty in India, but fixed-rate and some business loans may. Always confirm with your lender first.
