Estimate how much interest you can save by making partial or lump-sum loan prepayments.
A prepayment calculator helps borrowers understand how making extra payments toward a loan reduces interest cost and shortens the repayment period.
Loan interest is calculated using the standard EMI formula:
EMI = P × r × (1+r)n ÷ ((1+r)n − 1)
Prepayment reduces the principal (P), which lowers future interest.
Disclaimer: Results are indicative estimates and should not be considered professional financial advice.