Loan Prepayment Calculator
Estimate how a part-prepayment can reduce your loan interest and repayment period, and compare the savings before and after prepayment.
Current Loan Details
Loan Type
Outstanding Loan Amount₹40,00,000
Annual Interest Rate8.50%
Remaining Tenure15 Years
Prepayment Amount₹5,00,000
The calculation assumes the prepayment is made now and the interest rate remains unchanged.
Prepayment Impact
Estimated Interest Saved—
Current EMI—
New Loan Balance—
Current Interest—
Interest After Prepayment—
Tenure Reduced By—
This calculator assumes the EMI remains the same after prepayment. Your lender may instead reduce the EMI, change the tenure, or apply applicable charges according to the loan agreement.
Before vs After Prepayment
| Year | Balance Before | Interest Before | Balance After | Interest After | Interest Saved |
|---|
How it works: The calculator first estimates the existing EMI from the outstanding principal, interest rate and remaining tenure. It then applies the prepayment immediately and keeps the EMI unchanged to estimate the revised tenure and interest savings. Results are indicative and actual lender calculations may vary.