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Prepayment Calculator
Calculate benefits of prepaying your loan
Current Loan Details
15.0 years
Prepayment Amount
Prepayment Impact
Interest Saved
₹1,91,764.25
(4.3% savings)
New Loan Balance
₹25,00,000
(Reduced by ₹5,00,000)
Option 1: Reduce Tenure
New Tenure
175 months
(14.6 years)
Tenure Reduced By
5 months
(0.4 years)
Monthly EMI₹25,000 (unchanged)
Total Payable₹43,75,000
Interest Saved₹1,91,764.25
Benefit: Pay off your loan faster and become debt-free sooner.
Option 2: Reduce EMI
New EMI
₹24,618.49
(Reduced by ₹381.51)
EMI Reduction
1.5%
Monthly savings
Remaining Tenure180 months (unchanged)
Total Payable₹44,31,328.2
Interest Saved₹1,91,764.25
Benefit: Reduce monthly burden and improve cash flow.
Which Option is Better?
Choose Reduce Tenure if:
- You want maximum interest savings
- You can comfortably afford the same EMI
- You want to become debt-free sooner
Choose Reduce EMI if:
- You want improved cash flow
- You have other financial goals
- You prefer lower monthly payments
Note: Consult your lender before prepaying as some loans may have prepayment penalties. EMI reduction eligibility depends on your loan agreement.