Loan Prepayment Calculator

See how much interest and time you save by prepaying your loan

Original loan amount (₹)

Annual interest rate (%)

Original tenure (years)

EMIs already paid (months)

How many monthly payments have you made so far?

Prepayment amount (₹)

Lump sum amount you want to pay additionally

Total interest saved

—

Without prepayment

Remaining months—

Remaining interest—

Total outgo—

After prepayment

New tenure—

Interest paid—

Total outgo—

Prepayment Tips

When is the best time to prepay?

Early in the loan tenure. In the early years, most of your EMI goes toward interest. Prepaying in years 1–5 of a 20-year home loan saves dramatically more interest than prepaying in years 15–18.

Prepay vs invest — which is better?

If your loan rate is 8.5% and you can earn 12% in equity mutual funds, investing gives a higher return. However, the debt-free peace of mind has real value. A common strategy: prepay if the loan rate is above 9%, invest if below 8%.