Loan Prepayment Calculator

See how much time and interest you save by prepaying your loan.

Outstanding Principal

Interest Rate (% p.a.)

Remaining Tenure (months)

Prepayment Type

One-time lump sum Extra monthly amount

Prepayment Amount

Without Prepayment

Remaining Tenure

Total Interest Remaining

With Prepayment

New Tenure

New Total Interest

Interest Saved

Tenure Reduced By

Before you rely on this: check your lender's prepayment terms first — foreclosure charges, minimum prepayment amounts, lock-in periods, and whether the saving is applied by reducing the tenure or the EMI. Floating-rate home loans to individuals generally carry no prepayment penalty, but other loans often do.

Assumptions: the prepayment is applied entirely to principal on the date you specify, the interest rate stays fixed thereafter, and the EMI stays unchanged so the saving shows up as a shorter tenure. Not included: foreclosure or part-prepayment charges, GST on those charges, and any lender-specific rule on how prepayments are credited.