Loan Prepayment Calculator
See how much interest you save by paying extra on your home, car or personal loan, either as a one-time lump sum or every month.
Questions
Is it better to reduce EMI or tenure?
Keeping the EMI and reducing tenure saves the most interest; this calculator shows that case.
Is there a prepayment penalty?
Banks cannot charge it on floating-rate home loans for individuals; check your loan terms for fixed-rate loans.