Calculator
Prepayment Impact Calculator
Enter a one-time prepayment amount and month — see exactly how much interest and time it saves.
A ₹2,00,000 prepayment in month 12 saves ₹4,26,270 and 2y 6m.
How do you know your remaining tenure?
This calculator assumes you keep your EMI the same and let the tenure shorten — that maximizes interest saved. Most lenders let you choose either option; ask yours which is the default for your loan.
RBI prohibits foreclosure/prepayment charges on floating-rate loans to individual borrowers. Fixed-rate loans can still carry a charge — check your loan agreement, and use our Foreclosure Savings Calculator to net it against the interest saved.
Earlier is better — in the first few years, most of your EMI is interest, so a prepayment removes principal that would otherwise have generated years of interest. The same prepayment made near the end of the tenure saves much less.
Why a lump-sum prepayment saves more than it looks like
Every rupee you prepay stops accruing interest for every month remaining on the loan — so a prepayment early in the tenure, when the balance (and future interest) is largest, saves far more than the same amount prepaid near the end. This calculator keeps your EMI fixed and shows exactly how much sooner the loan finishes and how much interest that avoids.
Compare loan offers
If you're deciding whether to prepay or refinance instead, compare current rates across lenders on our loans hub.
Disclaimer:This is an illustrative calculation. Actual amortization depends on your lender's exact rate reset dates and rounding conventions.
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