Calculator · 04

Loan repayment with prepayments

Schedule any number of one-time or recurring prepayments — and raise the EMI with your increments if you like — then read the shortened loan against the plain schedule: months saved, interest saved and the new closing date.

Existing loans Multiple prepayments

Loan

Loan amount

₹

Interest rate · % p.a.

Tenure

First EMI · month

Prepayments

1 scheduled

Strategy

What each prepayment does

EMI step-up · % a year

Interest saved ·

₹0

OF INTEREST

Original interest

₹0

New interest

₹0

Time saved

—

New end date

—

Total prepaid

₹0

Outstanding balance

With prepayments Baseline

Year by year

Yr	EMI paid	Prepaid	Interest	Outstanding	Baseline

Assumes a fixed rate and that the lender accepts prepayments without a penalty — floating-rate home loans in India carry none for individual borrowers, but fixed-rate and personal loans often do. Prepaying early saves far more than prepaying late, because the early instalments are mostly interest.