Loan Prepayment Impact
Loan Prepayment Calculator
Got a bonus or savings? See exactly how much interest you save and how many months you cut from your loan tenure with a one-time lump-sum prepayment, monthly extra EMI, or both.
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% p.a.
years
paid this month
₹
on top of normal
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what to reduce
Methodology. EMI = P×r×(1+r)^n / ((1+r)^n – 1). Tenure-reduction strategy: simulate monthly amortisation, apply lump-sum at month 1, deduct extra EMI each month, count months until balance ≤ 0. EMI-reduction strategy: after lump-sum, recompute EMI for original remaining tenure on the lower balance. Most home-loan banks now waive prepayment charges on floating-rate loans (RBI mandate); fixed-rate loans may still charge 2-4%. Always confirm prepayment terms with your bank.