Partial Prepayments — Amount and Start Date
Enter amount for any type you want. Leave amount blank or 0 to skip. Dates are when that prepayment starts / happens.
Comparison
| Particulars | Without Prepayment | With Prepayment |
|---|---|---|
| Monthly EMI | ₹0 | ₹0 |
| Total Interest | ₹0 | ₹0 |
| Total Payable | ₹0 | ₹0 |
| Tenure | 0 Yr | 0 Yr |
Amortization Schedule
Click a year row to expand months. Prepayment month is marked.
EMI calculator with prepayment — plan early repayments
This EMI calculator with prepayment shows how one-time or recurring extra payments affect your loan. Compare a normal EMI schedule with a prepayment schedule to see interest saved and how much faster you can close the loan.
It is useful for home loans, personal loans, and car loans when you expect bonuses, tax refunds, or surplus cash.
How prepayment changes your loan
Base EMI still uses the standard formula:
EMI = P × r × (1 + r)n ÷ [(1 + r)n − 1]
When you prepay, the extra amount is applied to outstanding principal after that month’s interest is calculated. A lower principal means less interest in later months, so you either:
- finish the loan earlier (with a similar EMI), or
- pay less total interest over the same tenure,
depending on how your lender adjusts the schedule. This tool models prepayments reducing the balance month by month and shows the savings versus no prepayment.
Prepayment types supported
- One-time prepayment — a lump sum in a chosen month (for example, from a bonus).
- Monthly prepayment — a fixed extra amount every month from a start date.
- Quarterly prepayment — extra payment every 3 months.
- Yearly prepayment — extra payment once a year.
You can combine these to match how you actually plan to repay.
Worked example
Loan of ₹10,00,000 at 9% p.a. for 10 years:
- Without prepayment, you pay interest across the full tenure.
- With a ₹50,000 one-time prepayment in year 2 plus ₹5,000 monthly extras, outstanding principal drops faster.
- The comparison panel shows interest saved and the revised payment path so you can decide if prepaying is worth it.
Use the sliders and prepayment panel above to run your own numbers.
How to use this calculator
- Enter loan amount, rate, and tenure.
- Click Add Prepayment.
- Set one-time and/or recurring prepayment amounts and start months.
- Compare the “without” vs “with prepayment” summary and open the amortization table (including the prepay column).
Prepayment tips for borrowers in India
- Check if your lender charges a prepayment or foreclosure fee (common on some fixed-rate loans).
- Floating-rate home loans often allow prepayment with fewer charges — confirm in your sanction letter.
- Prepaying early in the tenure usually saves more interest than prepaying near the end.
- Keep an emergency fund; do not wipe out savings only to prepay.
FAQs
Does prepayment reduce EMI or tenure?
Lenders may reduce tenure, reduce EMI, or offer a choice. This calculator focuses on balance reduction and interest impact so you can estimate savings before you ask the bank.
Can I model more than one prepayment?
Yes — combine one-time, monthly, quarterly, and yearly options.
Disclaimer: Estimates only. Actual lender rules, fees, and EMI recalculation methods may differ.