Loan Prepayment Calculator

↻ Updated 2026

Add a one-time prepayment and/or extra monthly amount to your loan and see how much interest you save and how many months you shave off the tenure.

Educational calculators — always consult a licensed professional before making financial decisions.

Your inputs

Loan amount

Interest rate (p.a.)

Original tenure

One-time prepayment

Prepay in month

When the lump sum is paid

Extra monthly EMI

Optional top-up on every EMI

Interest saved

₹14,12,143

vs no prepayment

Tenure cut by

5 yr 10 mo

pays off in 14 yr 2 mo

Monthly EMI

₹26,992

unchanged

Total interest — before vs after

Interest you still pay₹20,65,884

Interest saved₹14,12,143

Comparison

Original tenure20 yr

Original total interest₹34,78,027

New payoff time14 yr 2 mo

New total interest₹20,65,884

Interest saved₹14,12,143

Time saved5 yr 10 mo

ASSUMPTIONS — The EMI stays fixed at ₹26,992; the one-time prepayment of ₹5,00,000 in month 24 and any extra monthly amount go entirely towards principal, shortening the tenure (not the EMI). Interest accrues monthly at 9% ÷ 12 on a reducing balance. Prepayment/foreclosure charges — nil on floating-rate loans to individuals per RBI, but possible on fixed-rate loans — are not deducted. Figures are indicative.

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Sources & rate references

·EMI = reducing-balance amortization; rates indicative

Rates, brackets and limits here are checked against primary sources. If a number still looks off, email support@realmoneyiq.com and we'll review and fix it.

RealMoneyIQ provides free educational calculators, not financial, tax, investment or legal advice. Results are estimates based on the assumptions you enter and publicly published rates; your actual outcome will differ. Always confirm decisions with a licensed professional who knows your full situation.