Do prepayments reduce EMI or tenure?

Depends on lender choice — you may reduce EMI or tenure; specify preference in the calculator.

Are prepayments penalty-free?

Some lenders charge a prepayment penalty; check your loan agreement.

EMI Prepayment Calculator (India) – Interest Saved & Term Reduction

Inputs

Provide outstanding principal, annual rate, remaining tenure and current EMI. Add one-time or recurring prepayments and choose behaviour.

Outstanding Principal (₹)

Use the slider for quick tuning or type the exact number.

₹

Interest Rate (% p.a.)

Typical home loan/public rates in India vary; enter your repo rate.

Remaining Tenure

Years (0–40). Use months for fractions.

Auto-calc EMI Calculate EMI from principal/rate/tenure when checked. Current EMI (₹)

₹

If unsure, enable Auto-calc EMI to compute a baseline EMI.

Prepayment Type

One-time prepayment Recurring extra payment

One-time Prepayment Amount (₹)

₹

When (month)

Month number counting from now (1 = next EMI).

Extra Monthly Payment (₹)

₹

Start at month

Start month counting from now (1 = next EMI).

Apply Prepayment As

Keep EMI same — reduce tenure Recalculate EMI — keep tenure

How prepayment affects loans

Prepayments lower outstanding principal. You can either reduce the EMI (keeping tenure same) or keep EMI and shorten the loan — check with your lender for exact rules.

Prepayment penalties

Some loans charge a penalty for prepayment. This calculator does not model penalties; subtract any fee from your estimated savings.

FAQ

Should I prepay or invest?: Compare guaranteed interest saved vs expected returns from investments; choose based on risk profile.

Interest Saved

₹0

Estimated interest saved when comparing baseline schedule vs prepayment scenario.

Baseline Total Interest

₹0

Scenario Total Interest

₹0

Baseline Months Remaining

Scenario Months Remaining