Loan Prepayment Calculator
Become debt-free faster. See how small extra payments can save you lakhs in interest.
Loan Details
₹
%
Yr
Prepayment Strategy
₹
Amount you can pay every month on top of your EMI.
₹
Lumpsum amount paid once every year (e.g. Bonus).
Total Savings
₹
Time Saved: 0 Yr
Debt-Free By: -
Original Interest
0
New Interest
0
-0%Loan Balance Projection
Documentation
How Prepayment Saves Money
Loan prepayment reduces the outstanding principal, which means less interest accrues over time. Even small additional payments each month can significantly reduce your total interest and loan tenure.
Strategy Tip
"Use annual bonuses, tax refunds, or windfalls for lumpsum prepayments—they have the biggest impact."
Why It Works
Interest Saved = Original Interest - New Interest
₹ = ₹ - ₹
Every extra payment directly reduces principal, accelerating payoff.
Last Updated: January 2026
Disclaimer: This calculator provides estimates. Actual savings may vary based on lender policies, prepayment penalties, and other factors.