Calculate how much interest and EMIs you save with pre-payment. Choose between reducing tenure or EMI amount.
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Original EMI
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Original Total Interest
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Interest Saved
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New Tenure/EMI
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Pre-paying your loan reduces the outstanding principal, which reduces the interest component. You can choose to either reduce your EMI amount or shorten the loan tenure.
Loan prepayment math exploits the reducing-balance amortization curve. By directly injecting capital into the principal early in the loan, you instantly vaporize years of compounding interest scheduled on that specific chunk of money.
Prepaying is mathematically identical to investing your money at a guaranteed, risk-free rate equal to your loan interest rate.
The Myth
"Prepaying a little bit every month doesn't make a big difference."
The Fact
Consistently paying just 10% extra towards your principal every month can shave years off a 30-year mortgage and save tens of thousands in interest.
Yes, this Loan Pre-payment Calculator uses standard financial algorithms to provide highly accurate long-term projections. However, always consult with a certified financial planner before making major investment decisions.
Small, consistent adjustments to your principal or compounding frequency often yield exponentially better results over time. Use this tool to model different scenarios.
This calculator provides the pure mathematical output. You must manually account for taxes, inflation, and platform fees depending on your specific financial institution.