Mathematically Verified Formula
100% Accurate
Client-side Security
Loan Details
1L - 10 Cr
₹
0.1% - 25%
1 - 40 years
= 240 months
Monthly EMI
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Total Interest
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Total Amount
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Maturity Date
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Payment Breakdown
Amortization Schedule
Save lakhs in interest by making prepayments early in the loan tenure!
Additional / Extra Repayments - Regular
| Extra Amount Frequency | Extra Amount (Rs.) | Starts From Month (No.) |
|---|---|---|
| Monthly | ||
| Bi-Monthly | ||
| Quarterly | ||
| Thrice Yearly | ||
| Half Yearly | ||
| Yearly |
Additional / Extra Repayments - One Time
| Extra Amount (Rs.) | Starts From Month (No.) | Ends at Month (No.) |
|---|
Option A: Reduce EMI
New Monthly EMI
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Monthly Relief
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Interest Saved
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Option B: Reduce Tenure
Monthly EMI
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Years Saved
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Interest Saved
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Optimal Choice: Reducing loan tenure saves — more than reducing EMI!
Total Interest Cost Comparison
Set up 3 prepayment schedules and see how much interest you save and how fast you can become debt-free!
Annual Prepayment Scenarios
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Strategy Savings Comparison
Loan Summary Statement
Principal Loan Amount
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Annual Interest Rate
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Loan Tenure
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Standard Monthly EMI
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Standard Payoff & Cost Summary
Loan Start Date
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Standard Maturity Date
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Total Interest Cost
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Total Amount Payable
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Want to save on interest? Go to the Prepayment tab and add extra payments (monthly, yearly, or one-time) to see how much you can save and how much faster you can pay off your loan!
Disclaimer: This calculator is for informational purposes only. Actual interest rates, terms, and charges may vary depending on individual banks and loan agreements.