See how monthly extra payments or a one-time lumpsum reduce your home loan interest and tenure.
Enter loan amount, interest rate and tenure, then add a monthly extra payment and/or a one-time lumpsum with the month it is paid.
This tool keeps the EMI the same and shows how much sooner the loan ends and how much interest you save.
Early prepayment saves more interest because interest is highest in the first years.
Floating-rate home loans for individuals generally do not have prepayment penalty, but check your bank terms.
It is a close estimate; your bank statement may differ slightly due to day-count and rounding.
Calculate total loan cost, EMI and interest payable.
Calculate car loan EMI, total interest and the real cost of your car with down payment and processing fee.
Calculate education loan EMI including interest during study and grace period, and compare paying interest early or later.
Find how much loan you can get from your monthly income, existing EMIs, interest rate and tenure using the FOIR rule.
Calculate personal loan EMI, total interest and the effective cost including processing fee and GST.
Calculate monthly EMI for home, car or personal loans.