Prepayment Savings

The Prepayment Savings Calculator models the effect of making a one-time lump-sum payment toward your loan principal. You can choose between reducing your EMI or reducing your tenure after the prepayment. Enter your outstanding balance, interest rate, remaining tenure, and the prepayment amount to see the interest saved, new payoff date or new EMI, and the effective return on your prepayment versus alternative investments. This calculator helps you make informed decisions about windfalls — bonus payouts, tax refunds, or inheritance — by comparing the guaranteed interest savings from prepayment against the expected returns from investing the same amount elsewhere.