How to use the Loan Prepayment Calculator
Fill in the fields on the left. Results, charts and the breakdown update instantly as you type or move a slider. Pick your country at the top of the page to switch currency.
Formula
Each month: interest = balance × r; principal = EMI − interest + extra
The schedule is re-run with your prepayments and compared to the original.
Frequently asked questions
Is it better to reduce EMI or tenure?
Reducing tenure (keeping the same EMI) saves the most interest. This calculator assumes the EMI stays the same.
When is the best time to prepay?
As early as possible. Interest is highest at the start of a loan, so early prepayments save the most.
Results are estimates for information only and are not financial, tax or legal advice. Tax rules, interest rates and fees change, so confirm important numbers with your bank, employer or a qualified adviser. Read our disclaimer.