Initial monthly EMI
₹34,713ADVANCED LOANS WITH MORE CLARITY
Advanced loan prepayment
Calculate interest and tenure savings from monthly, annual and one-time prepayments, with EMI step-ups and optional prepayment costs.
Interest saved after fees
₹19,96,438Loan closes in
12y 0mTime saved
8y 0mFOLLOW THE NUMBERS
Your repayment path
Compare monthly outstanding balances. Prepayments reduce tenure; the scheduled EMI is not reduced. Fees are paid separately and included in net savings.
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Illustrative results only. Rates shown are user-selected assumptions, not product quotes or forecasts. Actual outcomes depend on markets, cash flows, costs and your circumstances.
BEHIND THE NUMBERS
How this calculation works
Initial EMI uses the standard monthly reducing-balance formula. Every month first accrues interest, then pays the scheduled EMI, then applies extra payments. The final payment is capped at the amount due.
Annual lump sums are paid in months 12, 24 and so on. The scheduled EMI increases in months 13, 25 and so on. Prepayment reduces tenure; this tool does not recast the EMI downward.
Fee = actual extra principal paid × your fee percentage. It is additional cash outflow, not financed into the loan. Net saving = baseline interest − strategy interest − prepayment fees.
A FEW USEFUL ANSWERS
Before you make a plan
Only if you enter that EMI amount as the annual extra payment. The simulator lets you enter any budget, subject to the remaining balance.
This tool makes no blanket assumption about legal eligibility. Enter the costs that apply to your lender, loan type, purpose and dates after checking the loan terms.
Further reading from primary sources
RBI: Floating-rate EMI resets ↗TAKE THE NEXT STEP WITH A PERSON.
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