Loan Prepayment Calculator
Calculate how much a loan prepayment saves online for free — see the reduced tenure and interest saved from a one-time extra payment. Runs entirely in your browser — nothing you enter is uploaded.
Assumes your EMI amount stays the same after prepayment, so the loan finishes sooner rather than the EMI dropping — the more common choice, but check which your lender applies by default.
How to use loan prepayment calculator
- Enter your outstanding loan details
Remaining principal, interest rate and remaining tenure in months.
- Enter your prepayment amount
The lump sum you're considering paying toward the principal.
- Calculate
See how many months you'd save and the interest saved by prepaying.
Features
Every rate and percentage is an input you can change, not a hidden constant — so the estimate matches your real numbers.
Calculates locally with no sign-up or server request.
Your salary and financial details are never uploaded.
Supported formats and limitations
Text and structured input supported by this tool.
Use cases include personal workflows, content preparation, and quick checks. Review output before relying on it for legal, financial, accessibility, or production decisions.
Frequently asked questions
Is prepaying always worth it?
Usually yes if your loan's interest rate is higher than what you'd otherwise earn on that money after tax — but check your lender's prepayment charges, if any, on the loan type you have.
Does prepaying reduce my EMI or my tenure?
This tool assumes your EMI stays the same and your tenure shortens — most Indian lenders offer this as the default option, but some let you choose to keep the tenure and reduce the EMI instead.