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v2.4.0 • Updated 2026

Loan Prepayment Calculator

Should you invest or prepay your loan? Check how a small extra payment can save you lakhs in interest.

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Loan Details

₹
%
Yr

Prepayment Plan

₹
Mo

Impact Analysis

Interest Saved

₹ 6,68,336.63

3.3 Years Saved!

Interest Comparison

Original EMI

₹ 21,695.58

New Tenure

16.7 Years

* Calculation assumes the prepayment reduces the tenure, keeping the EMI same.
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Prepayment Guide

How does Prepayment work?

When you make a lumpsum prepayment, the amount is directly deducted from your Principal Outstanding. Since interest is calculated on the principal, a lower principal means lower interest for the rest of the tenure.

Reduce Tenure or Reduce EMI?

Most banks allow you to choose:

  • Reduce Tenure: Keep paying the same EMI. This saves the Maximum Interest and makes you debt-free faster. (Recommended)
  • Reduce EMI: Keep the tenure same but lower monthly payments. Good if you are facing cash flow issues.

Prepayment Charges

For Floating Rate Home Loans, RBI has mandated Zero Prepayment Charges for individuals. However, fixed-rate loans or personal loans may have a penalty of 2-4%. Check your loan agreement.

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When Should You Use These Calculators?

Whether you're saving, spending, or investing — here's exactly when this calculator can help you make a smarter decision.

Before Making an Investment

Estimate returns and risks before putting your money to work.

investment calculator, investment planning

Comparing Financial Plans

Side-by-side compare plans to pick the smartest option.

compare plans, financial comparison

Planning Long-Term Goals

Map out savings milestones to reach your future targets.

long term financial goals, goal planning

Checking Affordability

Know instantly if a purchase fits inside your budget.

affordability check, can I afford

Before Taking a Loan

Understand EMIs, interest & total cost before you borrow.

loan calculator, EMI calculator

Budgeting a Major Purchase

Break big-ticket items into a realistic payment plan.

budget calculator, major purchase planning

Evaluating Savings Returns

See how compound interest grows your savings over time.

savings calculator, compound interest

Planning for Retirement

Figure out how much you need saved before you retire.

retirement calculator, retirement planning

Deciding Between Options

Remove the guesswork when choosing between two paths.

financial decision, compare options

Before Consulting an Advisor

Walk in prepared with real numbers, save time & money.

financial advisor prep, quick estimate

Ready to crunch some numbers? It's free & takes less than a minute.

Popular calculator use cases

  • Before Making an Investment: investment calculator, investment planning
  • Comparing Financial Plans: compare plans, financial comparison
  • Planning Long-Term Goals: long term financial goals, goal planning
  • Checking Affordability: affordability check, can I afford
  • Before Taking a Loan: loan calculator, EMI calculator
  • Budgeting a Major Purchase: budget calculator, major purchase planning
  • Evaluating Savings Returns: savings calculator, compound interest
  • Planning for Retirement: retirement calculator, retirement planning
  • Deciding Between Options: financial decision, compare options
  • Before Consulting an Advisor: financial advisor prep, quick estimate