DhanishiVentures Pvt Ltd

Loan prepayment calculator

See how much interest a part-prepayment saves, and whether to shorten the tenure or lower the EMI.

₹
₹50K₹50 Cr
%
1%50%
yrs
1 yr30 yrs
₹
₹10K₹10 Cr
After prepaying

Illustration only. Actual EMI, rate, eligibility and charges are decided by the lender and depend on its credit assessment. Loans are subject to the lender’s approval.

How it works

About the loan prepayment calculator

A part-prepayment reduces the outstanding principal, so less interest is charged on it in future. Keeping the EMI the same and shortening the tenure usually saves the most interest.

The formula

Interest saved = Interest on original schedule − Interest after prepayment

Both schedules use the same interest rate.

Frequently asked questions

Are there charges for prepaying?

For floating-rate home loans taken by individuals, banks in India generally do not charge prepayment penalties. Fixed-rate and business loans may carry charges; check your loan terms.

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