Loan Prepayment Calculator
How much interest and time you save by prepaying
Monthly EMI₹40,261
New loan tenure18 yrs 1 mo
Interest without prepayment₹70,78,406
Interest with prepayment₹47,82,337
Interest saved₹22,96,069
Growth over time
Year-wise breakdown
| Year | Principal repaid | Interest paid | Total |
|---|
| 1 | ₹1,22,849 | ₹4,20,287 | ₹5,43,136 |
| 2 | ₹2,56,557 | ₹8,29,716 | ₹10,86,273 |
| 3 | ₹4,02,083 | ₹12,27,326 | ₹16,29,409 |
| 4 | ₹5,60,473 | ₹16,12,072 | ₹21,72,545 |
| 5 | ₹7,32,863 | ₹19,82,819 | ₹27,15,682 |
| 6 | ₹9,20,490 | ₹23,38,328 | ₹32,58,818 |
| 7 | ₹11,24,702 | ₹26,77,252 | ₹38,01,954 |
| 8 | ₹13,46,964 | ₹29,98,126 | ₹43,45,090 |
| 9 | ₹15,88,873 | ₹32,99,353 | ₹48,88,226 |
| 10 | ₹18,52,164 | ₹35,79,199 | ₹54,31,363 |
| 11 | ₹21,38,727 | ₹38,35,771 | ₹59,74,498 |
| 12 | ₹24,50,621 | ₹40,67,014 | ₹65,17,635 |
| 13 | ₹27,90,082 | ₹42,70,689 | ₹70,60,771 |
| 14 | ₹31,59,549 | ₹44,44,358 | ₹76,03,907 |
| 15 | ₹35,61,674 | ₹45,85,370 | ₹81,47,044 |
| 16 | ₹39,99,342 | ₹46,90,838 | ₹86,90,180 |
| 17 | ₹44,75,697 | ₹47,57,620 | ₹92,33,317 |
| 18 | ₹49,94,157 | ₹47,82,296 | ₹97,76,453 |
| 19 | ₹50,00,000 | ₹47,82,337 | ₹97,82,337 |
| 20 | ₹50,00,000 | ₹47,82,337 | ₹97,82,337 |
| 21 | ₹50,00,000 | ₹47,82,337 | ₹97,82,337 |
| 22 | ₹50,00,000 | ₹47,82,337 | ₹97,82,337 |
| 23 | ₹50,00,000 | ₹47,82,337 | ₹97,82,337 |
| 24 | ₹50,00,000 | ₹47,82,337 | ₹97,82,337 |
| 25 | ₹50,00,000 | ₹47,82,337 | ₹97,82,337 |
Results are estimates for illustration only and not financial advice. Actual returns vary.
About the Loan Prepayment Calculator
Paying a little extra toward your loan reduces the principal, so you pay less interest and finish sooner. This calculator shows the effect of an extra monthly payment, a yearly lump sum, or both.
Enter your loan details and your extra payments to see the new tenure and the interest saved.
Formula used
Each month: interest = balance × r; principal paid = EMI + extra − interest. A lump sum is deducted from the balance at the end of each year.
Frequently asked questions
Should I reduce tenure or EMI after prepaying?
Reducing the tenure saves more interest. This calculator assumes the EMI stays the same.
Are there prepayment charges?
For floating-rate loans to individuals, banks generally cannot charge a penalty. Check your loan terms, especially for fixed-rate loans.
Is prepaying better than investing?
It depends on your loan rate, your returns and your risk comfort. Compare both before you decide.
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