Loan Prepayment Calculator
Prepayment Impact
New EMI (if tenure same)
₹ 0
New Tenure (if EMI same)
0 Months
Total Interest Saved (Max)
₹ 0
Tip: Reducing tenure
usually saves more interest than reducing EMI.
Why Prepay Your Loan?
Making a part-payment or prepayment towards your loan can significantly reduce your total interest burden. When you prepay, the amount is deducted directly from your principal, reducing the base on which future interest is calculated.
Benefits of Prepayment
- Interest Savings: Reducing the principal means paying less interest over the specific tenure.
- Debt Free Faster: If you choose to keep the same EMI, your loan tenure reduces drastically.
- Improved Credit Score: Reducing your debt burden improves your debt-to-income ratio.