Loan Prepayment Calculator
Interest saved by part-paying your loan.
Interest saved
₹6,10,331
Tenure cut by
2 yrs 11 m
EMI stays
₹22,636
Reduce tenure, not EMI
Keeping the same EMI and cutting tenure saves the most interest, especially in the early years when interest is a large part of each EMI.
No penalty on floating loans
RBI rules say banks cannot charge prepayment penalty on floating-rate loans to individuals.
Frequently asked questions
Prepay or invest?
If your loan rate is higher than your post-tax investment return, prepaying is usually better.
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Results are estimates for planning only. Confirm final figures with your bank or a tax advisor.
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