Prepayment Calculator

Calculate how much you can save by making partial or full prepayments on your vehicle loan. Analyze the impact of different prepayment strategies on your total interest burden.

Loan Details

Current Loan Amount

₹

₹1L ₹50L

Interest Rate

6% 18%

Remaining Tenure

years

1 year 10 years

Prepayment Amount

₹

₹10K ₹10L

Prepayment Strategy

Prepayment Charges

0% 5%

Quick Scenarios

Prepayment Savings

₹85,250

total interest savings after prepayment

Interest Saved

₹85,250

Time Saved

18 months

Prepayment Fee

₹4,000

Before vs After Comparison

Without Prepayment

Monthly EMI: ₹20,000

Remaining Tenure: 4 years

Total Interest: ₹1,60,000

Total Amount: ₹9,60,000

With Prepayment

New EMI/Tenure: 2.5 years

Prepayment: ₹2,00,000

Total Interest: ₹74,750

Total Amount: ₹8,74,750

Prepayment Impact Timeline

Scenario	EMI	Tenure	Total Interest	Savings

💡 Prepayment Tips

Consider Prepayment Charges

Factor in prepayment penalties when calculating net savings from early loan closure.

Emergency Fund First

Maintain 6 months emergency fund before making large prepayments on loans.

Investment Opportunity

Compare loan interest rate with potential investment returns before prepaying.