Loan EMI vs Prepayment Comparison Calculator
Enter your loan details and a planned partial prepayment — see exactly how much interest and how many months you save, side by side.
Without prepayment
| Monthly EMI | — |
|---|---|
| Total interest | — |
| Total payment | — |
| Loan end date | — |
With prepayment
| Monthly EMI | — |
|---|---|
| Total interest | — |
| Total payment | — |
| Loan end date | — |
Enter your loan details — the comparison will appear here.
How to use
- Enter the loan amount, the annual interest rate and the tenure in years. The rate is editable, so you can test offers from different banks.
- Add the partial prepayment amount and the month in which you plan to pay it — the tool recomputes the full amortization with the reduced principal.
- Compare the two cards and read the savings line to see the interest saved and the months saved.
This calculator uses the standard reducing balance EMI formula and assumes the EMI stays the same after prepayment, which shortens the loan. Banks may apply prepayment charges or different rules — confirm with your bank before relying on this estimate.
Related: Flat Rate vs EMI Loan Comparer