Loan Prepayment Calculator

Compare lower EMI with shorter tenure after a lump-sum loan prepayment.

How to use

1. Enter the original loan, interest rate, tenure and EMIs already paid.
2. Enter the proposed prepayment amount.
3. Compare keeping the tenure with reducing the EMI against keeping the EMI with reducing the tenure.

Features

• Estimated outstanding balance
• Reduced-EMI scenario
• Reduced-tenure scenario
• Interest and time comparison

Good to know

• Check your lender's foreclosure charges, prepayment rules and recalculation method before acting.