Loan Prepayment Calculator
Making a lump-sum prepayment on your loan? See how much interest you save and how much sooner the loan closes.
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What is the Loan Prepayment Calculator?
A loan prepayment is a lump sum paid toward your principal, over and above your EMIs. It directly reduces the outstanding balance, cutting future interest and shortening the loan.
How to Calculate
The calculator subtracts your prepayment from the outstanding balance, then keeps your EMI the same and recomputes how many months remain — the interest saved is the difference from the original schedule.
Formula
New outstanding = current outstanding − prepayment; keep EMI, solve for a shorter tenure.
How to Use
- Enter your details in the fields above.
- The result updates instantly as you type.
- Use Copy, Print or Download PDF to save your result.
Frequently Asked Questions
Is it better to reduce EMI or tenure?
Reducing tenure (keeping the EMI the same) saves the most interest overall. Reducing the EMI eases monthly cash flow but saves less.
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