Loan Prepayment Calculator

See how prepayment can save interest and reduce tenure

Loan Details

Loan Amount

₹

₹10,000₹5,00,00,000

Annual Interest Rate

%

1%30%

Loan Tenure

mo

12 mo360 mo

Prepayment Strategy

Extra Monthly Payment

₹

₹500₹50,000

Without Prepayment

Monthly EMI₹17,356

Tenure240 months

Total Interest₹21.66L

Total Payment₹41.66L

With Prepayment

Monthly EMI₹17,356+₹5,000

New Tenure143 months

Total Interest₹11.81L

Total Payment₹24.82L

Your Savings

Months Saved

97

months

Interest Saved

₹9.85L

saved in interest

Outstanding Balance Over Time