Loan Prepayment Calculator
See how a lump-sum part payment or extra monthly amount can reduce interest cost and shorten your loan.
Loan Prepayment Guide
What this calculator does
This calculator compares your current remaining loan against a faster repayment path using a one-time prepayment, extra monthly payment, or both. It estimates time saved and interest saved as a planning aid.
How to use it
Enter the outstanding principal, interest rate, and months left on the loan. Then add a lump-sum payment, an extra monthly amount, or both. The result shows how much sooner the loan can close and how much interest may be avoided.
Example usage
If you still owe Rs.35 lakh on a home loan and can make a Rs.2.5 lakh part payment plus Rs.5,000 extra each month, the loan can shorten significantly. This helps you decide whether prepayment gives a better payoff than other uses of cash.