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Loan Prepayment

Loan Prepayment Calculator

Discover how much you can save by making prepayments on your loan. See the impact on your tenure, interest savings, and total repayment.

Enter Loan & Prepayment Details

Fill in the details below to calculate your prepayment savings

₹
Current outstanding principal balance
%
Current interest rate on your loan
Remaining loan tenure
₹
Lump sum amount you want to prepay
When do you plan to make the prepayment?
Choose whether to reduce tenure or monthly EMI
%
Penalty charged by lender for prepayment (if any)

Your Prepayment Savings Results

Enter your loan details and prepayment amount to see how much you can save.

Interest Savings Reduced Tenure / EMI Prepayment Comparison

Prepayment Benefits

  • Interest SavingsSignificant long-term savings
  • Debt ReductionBecome debt-free sooner
  • EMI ReductionLower monthly burden
  • Better CIBILImproves credit score

Even small prepayments can save substantial interest.

When to Prepay?

  • High InterestPrepay if rate > 8%
  • Surplus FundsUse idle cash wisely
  • Early TenureMaximum benefit in early years
  • No PenaltyCheck prepayment charges

Floating rate loans usually have no prepayment penalty.