Loan Prepayment Calculator
Made a bonus or got extra savings? See how a part-prepayment can shorten your loan or reduce your EMI, and how much interest you save either way.
- Free
- No signup
- Private: runs in your browser
- Works on mobile
Loan Prepayment Calculator tool
Loading the tool…
Example
With the default values shown in the tool, the results look like this:
- Current EMI
- ₹29,542
- Option A: keep EMI, new tenure
- 12 yr 4 mo
- Option A: months saved
- 32
- Option A: interest saved
- ₹6,45,350
- Option B: keep tenure, new EMI
- ₹26,588
How to use Loan Prepayment Calculator
- Enter your values in the fields above.
- The result updates instantly as you type or change an option.
- Copy the result or note it down. Nothing is saved on our servers.
Why use DocConvertPRO?
- Free to use with no signup or watermark.
- Everything runs in your browser. Your input is not uploaded.
- Works on phones, tablets and computers.
- Made for Indian users: rupees, lakh/crore formats and local use cases.
About this tool
Option A keeps the same EMI so the loan ends sooner. Option B keeps the original tenure so the EMI becomes smaller. Both save interest; Option A usually saves more.
Check with your lender for prepayment charges, which can apply on fixed-rate and some business loans.
Frequently asked questions
Which option saves more interest?
Keeping the EMI the same and shortening the tenure usually saves more interest.
Are there prepayment charges?
For floating-rate home loans to individuals, RBI rules generally bar prepayment penalties, but other loans may charge. Confirm with your lender.
When should I prepay?
Earlier in the loan, because interest is highest at the start.