Prepayment Calculator

Calculate how prepaying your loan can save interest and reduce tenure with detailed amortization schedules.

Accurate savings estimates
Month-on-month comparison
Visual interest savings
Loan Prepayment Planning
Loan Details
₹
Enter loan amount (₹1,00,000–₹5,00,00,000).
Original loan principal amount.
%
Enter rate (5–20%).
Annual interest rate of the loan.
Years
Enter tenure (1–30 years).
Original repayment period of the loan.
₹
Enter balance (₹0–₹5,00,00,000).
Current remaining principal of the loan.
Prepayment Details
₹
Enter prepayment (₹0–₹5,00,000).
Amount to prepay per instance.
Select a frequency.
How often you plan to prepay.
Month
Enter start month (1–360).
When prepayments will begin.

Prepayment Summary

Original EMI
₹0
Revised EMI
₹0
Interest Savings
₹0
Tenure Reduction
0 Months
Total Prepayments
₹0
How Prepayment Works
Make Extra Payments

Pay additional amounts toward your loan principal.

Reduce Principal

Lower the outstanding balance, reducing interest.

Save or Shorten

Lower your EMI or repay the loan faster.

Note: Schedules are displayed for up to 10 years (120 months). Download the CSV for the full schedule.
Without Prepayment Schedule
MonthOpening Balance (₹)EMI (₹)Interest Paid (₹)Principal Paid (₹)Closing Balance (₹)
With Prepayment Schedule
MonthOpening Balance (₹)EMI (₹)Prepayment (₹)Interest Paid (₹)Principal Paid (₹)Closing Balance (₹)

What is Loan Prepayment?

Loan prepayment involves paying extra amounts toward your loan principal beyond the regular EMI, reducing interest costs or loan tenure. It’s ideal for borrowers with surplus funds.

Prepayments can lower your EMI (keeping tenure same) or shorten the loan term (keeping EMI same). Check with your lender for prepayment policies or penalties.

Did You Know?

Prepaying ₹50,000 yearly on a ₹10 lakh loan at 10% for 10 years can save ~₹1,50,000 in interest!

Benefits of Prepayment

Reduce total interest by lowering the principal faster.

Pay off your loan earlier, becoming debt-free sooner.

Reduce monthly payments for better cash flow.

Frequently Asked Questions

Prepaying reduces the principal, lowering the interest calculated on the remaining balance, saving money over time.

Some lenders charge penalties (0–5% of prepaid amount) for fixed-rate loans. Floating-rate loans often have no penalties in India.

Compare loan interest rate with investment returns. If the loan rate is higher, prepaying is usually better.