Loan Calculators

Loan Prepayment Calculator

See how much interest you save and how much sooner you can close a loan by prepaying lumpsum or via higher EMIs.

About the calculator

What is the Loan Prepayment Calculator?

The Loan Prepayment Calculator is a free online tool that helps you make informed decisions about your money. Enter your numbers and the calculator gives you instant, accurate results.

Use it to compare scenarios, plan goals and validate assumptions — all without signing up.

Formula used
  • New EMI
    EMI from (P − Prepay) at same rate & tenure
  • Interest saved
    Saving = Old Total Interest − New Total Interest

Why use the Loan Prepayment Calculator?

Financial planning works only when it's specific. The Loan Prepayment Calculator converts assumptions into concrete numbers — so you can choose between scenarios with confidence rather than guesswork.

How it helps

By tweaking inputs and instantly seeing the impact, you build intuition for how the underlying variables interact. This is far more useful than abstract formulas alone.

What to remember

Calculators show possible outcomes based on the assumptions you provide. Real-world results may vary; review your plan periodically and adjust as your income, goals and circumstances evolve.

Frequently Asked Questions

Usually yes — reduces total interest. Compare with potential investment returns.
RBI removed it for floating-rate home loans. Some other loans may charge it.
Lowering tenure saves more interest; lowering EMI eases cash flow.
Early in the loan — interest portion is larger then.
Prepay if expected investment return < loan rate post-tax.
Yes — most lenders allow them online without paperwork.

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