Loan Prepayment Calculator
Compare EMI reduction vs tenure reduction after loan prepayment.
Loan Details
Prepayment
Original EMI
₹0
New EMI
₹0
Remaining Tenure
0 years
Interest Saved
₹0
What is Loan Prepayment?
Loan prepayment is the process of paying an additional amount towards your loan principal before the scheduled tenure ends.
Reduce EMI vs Reduce Tenure
- Reduce Tenure: Saves more interest overall
- Reduce EMI: Improves monthly cash flow
Why Use a Loan Prepayment Calculator?
- Understand interest savings
- Choose the best prepayment strategy
- Plan debt-free future faster
Frequently Asked Questions
Is prepayment always beneficial?
Prepayment is generally beneficial for high-interest loans, but you should check for penalties.
When should I prepay my loan?
Prepaying early in the loan tenure gives the maximum interest benefit.
Does partial prepayment reduce EMI automatically?
It depends on the lender. Some reduce tenure by default, others reduce EMI.