What is a loan prepayment?

A loan prepayment (or part payment) is an extra payment you make towards your loan principal, over and above your regular EMI. This reduces your outstanding balance, which in turn reduces the total interest you pay over the loan tenure.

Should I reduce tenure or reduce EMI when making a prepayment?

Reducing tenure saves you more interest in the long run because the loan gets paid off faster. Reducing EMI lowers your monthly outgo, which is helpful if you need more cash flow. If your goal is maximum savings, choose "Reduce Tenure".

Is there a penalty for prepaying a loan?

For floating-rate home loans in India, RBI has mandated that banks cannot charge prepayment penalties. For fixed-rate loans and personal loans, banks may charge 2-4% of the prepaid amount. Check with your lender.

How much can I save by making prepayments?

The savings depend on your loan amount, interest rate, tenure, and prepayment amount. For example, on a Rs 50 lakh home loan at 8.5% for 20 years, a Rs 2 lakh prepayment in year 3 plus Rs 5,000 extra monthly can save over Rs 10 lakh in interest and reduce tenure by several years.

Can I make multiple prepayments?

Yes! You can add multiple lump-sum prepayments at different months, plus set a recurring extra monthly payment. The calculator accounts for all of them.

Does the amortization schedule show prepayment months?

Yes, months where a prepayment is made are highlighted in amber/yellow in the amortization schedule, with a "PP" marker next to the month number.

EMI Prepayment Calculator - See How Much You Save | Free Online

EMI Prepayment Calculator का उपयोग कैसे करें

1
Enter your loan principal amount, interest rate, and tenure (years or months).
2
Add a recurring extra monthly payment and/or lump-sum prepayments with month number and amount.
3
Choose whether each prepayment should reduce tenure or reduce EMI.
4
View the comparison: original loan vs. loan with prepayments — interest saved and months saved.
5
Expand the amortization schedule to see the month-by-month breakdown.
6
Copy the summary to share or save for reference.

EMI Prepayment Calculator के बारे में

Find out exactly how much money and time you save by making prepayments on your loan with our free EMI Prepayment Calculator.

Key Features

Side-by-Side Comparison: Original loan vs. loan with prepayments — interest saved and months reduced displayed prominently.
Tenure or EMI Reduction: Choose whether each prepayment reduces your tenure (faster payoff) or your monthly EMI (lower payments).
Multiple Prepayments: Add lump-sum prepayments at different months plus a recurring extra monthly payment.
Highlighted Amortization: Month-by-month schedule with prepayment months highlighted in amber.
INR Formatting: Indian numbering system (lakhs/crores) throughout.

Who Is This For?

Perfect for home loan borrowers, car loan holders, and anyone with an EMI-based loan who wants to understand the benefit of part payments.

Privacy & Security

All calculations happen entirely in your browser — no data sent to any server.

EMI Prepayment Calculator

Loan Details

Prepayments

Original Loan

After Prepayment

Amortization Schedule