Loan Prepayment Calculator
See how a part-payment reduces your tenure or EMI.
Loan Amount
Interest Rate (p.a)
Original Tenure
Prepayment Amount
After Prepayment
Keep paying the same EMI — loan finishes sooner.
Interest Saved
₹7,03,687
New Tenure
15 yr 8 mo
Time Saved
4 yr 4 mo
New Total Interest
₹14,61,864
Without Prepayment
Original EMI
₹17,356
Original Tenure
20 yr
Original Total Interest
₹21,65,552
How this calculator works
A prepayment goes straight toward reducing your outstanding principal, which cuts the interest charged on every remaining instalment for the rest of the loan. You get to choose where that saving shows up: keep the original EMI and finish the loan sooner, or keep the original tenure and drop to a smaller monthly EMI.
Prepaying earlier in the loan saves more interest than the same amount paid later, because early EMIs are weighted more heavily toward interest — the principal balance (and therefore future interest) is largest at the start.