Loan Prepayment Calculator
Loan Amount
Tenure
Interest Rate
EMI Start Month
₹2,25,556
Total Savings
EMI Impact
EMI Before Prepayment
₹58,482
EMI After Prepayment
₹56,667
Monthly Reduction
₹1,815
Total Interest Paid
₹73,10,169
Prepayment Schedule
Add one or more lump-sum prepayments. Each month
can hold one scheduled entry.
Yearly schedule
Yearly totals are aggregated from the month-by-month run and stay responsive on smaller screens using a scroll container.
| Year | Average EMI | Interest paid | Principal repaid | Prepayment | Total paid | Closing balance | Repaid |
|---|---|---|---|---|---|---|---|
| Year 1 | ₹57,506 | ₹5,70,386 | ₹1,19,688 | ₹2,00,000 | ₹8,90,074 | ₹61,80,312 | 4.9% |
| Year 2 | ₹56,667 | ₹5,50,992 | ₹1,29,013 | ₹0 | ₹6,80,005 | ₹60,51,299 | 6.9% |
| Year 3 | ₹56,667 | ₹5,38,890 | ₹1,41,115 | ₹0 | ₹6,80,005 | ₹59,10,185 | 9.1% |
| Year 4 | ₹56,667 | ₹5,25,653 | ₹1,54,352 | ₹0 | ₹6,80,005 | ₹57,55,832 | 11.4% |
| Year 5 | ₹56,667 | ₹5,11,173 | ₹1,68,832 | ₹0 | ₹6,80,005 | ₹55,87,001 | 14.0% |
| Year 6 | ₹56,667 | ₹4,95,336 | ₹1,84,669 | ₹0 | ₹6,80,005 | ₹54,02,331 | 16.9% |
| Year 7 | ₹56,667 | ₹4,78,013 | ₹2,01,992 | ₹0 | ₹6,80,005 | ₹52,00,339 | 20.0% |
| Year 8 | ₹56,667 | ₹4,59,064 | ₹2,20,941 | ₹0 | ₹6,80,005 | ₹49,79,398 | 23.4% |
| Year 9 | ₹56,667 | ₹4,38,338 | ₹2,41,667 | ₹0 | ₹6,80,005 | ₹47,37,732 | 27.1% |
| Year 10 | ₹56,667 | ₹4,15,668 | ₹2,64,336 | ₹0 | ₹6,80,005 | ₹44,73,395 | 31.2% |
| Year 11 | ₹56,667 | ₹3,90,872 | ₹2,89,133 | ₹0 | ₹6,80,005 | ₹41,84,262 | 35.6% |
| Year 12 | ₹56,667 | ₹3,63,749 | ₹3,16,256 | ₹0 | ₹6,80,005 | ₹38,68,006 | 40.5% |
| Year 13 | ₹56,667 | ₹3,34,082 | ₹3,45,923 | ₹0 | ₹6,80,005 | ₹35,22,084 | 45.8% |
| Year 14 | ₹56,667 | ₹3,01,632 | ₹3,78,373 | ₹0 | ₹6,80,005 | ₹31,43,711 | 51.6% |
| Year 15 | ₹56,667 | ₹2,66,138 | ₹4,13,867 | ₹0 | ₹6,80,005 | ₹27,29,844 | 58.0% |
| Year 16 | ₹56,667 | ₹2,27,315 | ₹4,52,690 | ₹0 | ₹6,80,005 | ₹22,77,154 | 65.0% |
| Year 17 | ₹56,667 | ₹1,84,849 | ₹4,95,156 | ₹0 | ₹6,80,005 | ₹17,81,999 | 72.6% |
| Year 18 | ₹56,667 | ₹1,38,400 | ₹5,41,605 | ₹0 | ₹6,80,005 | ₹12,40,394 | 80.9% |
| Year 19 | ₹56,667 | ₹87,594 | ₹5,92,411 | ₹0 | ₹6,80,005 | ₹6,47,983 | 90.0% |
| Year 20 | ₹56,667 | ₹32,022 | ₹6,47,983 | ₹0 | ₹6,80,005 | ₹0 | 100.0% |
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Disclaimer
Banks may levy part-payment or foreclosure fees that are not included here.
The calculation assumes the interest rate remains unchanged for the full modelled period.
Tax impact and lender-specific processing charges are excluded from the estimate.
Frequently asked questions
1. What is the difference between EMI Impact and Tenure Impact?
EMI Impact keeps the original tenure fixed and recalculates the EMI downward after a prepayment. Tenure Impact keeps the EMI fixed and uses the prepayment to close the loan earlier.
2. Does the same prepayment save more under tenure reduction?
Usually yes. Reducing tenure removes future interest-bearing months, so the total saving is often larger than the EMI-reduction path for the same part-payment amount.
3. Why do I enter the outstanding balance and remaining tenure?
The calculator models your loan from today onward, so it needs the balance still outstanding and the months left to run rather than the original sanction terms.
4. What happens if a prepayment is larger than the balance available?
The calculator caps it to the maximum sensible amount for that month so the loan closes cleanly and never goes negative.