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Loan Prepayment Calculator
See how much interest a lump-sum prepayment saves — and how many EMIs it knocks off your loan.
- Instant results
- No signup
- Remembers your inputs
- Rates checked Oct 2026
How the loan prepayment calculator works
We run the loan month by month, apply your prepayment after the chosen month, keep the EMI unchanged and count how many months remain. Interest saved is the difference in total interest.
How to use it
- Move the sliders or type exact figures — results update as you go.
- Read the highlighted result first, then the breakdown and chart.
- Open the year-by-year table to plan ahead, or copy the result into your notes.
Frequently asked questions
Is it better to reduce EMI or tenure?
Keeping the EMI the same and reducing tenure usually saves more interest. Reducing EMI eases monthly cash flow instead.
Are there prepayment charges?
RBI rules bar prepayment charges on floating-rate loans to individuals for non-business purposes. Fixed-rate and business loans may carry charges — check your loan agreement.
Results are estimates for planning, not financial, tax or investment advice. Rates and rules change — confirm with your bank, the scheme's official notice or a CA. Last reviewed 13 October 2026.