Guide
Understand your EMI Prepayment result
An EMI prepayment calculator estimates the effect of a one-time principal payment after a number of instalments. It compares two common illustrations: keep the existing EMI and shorten the tenure, or keep the remaining tenure and reduce the EMI.
Results are for general information. Review the site disclaimer before using a result for an important decision.
Begin with the current loan position
Enter the original loan amount, interest rate, original tenure, and the number of EMIs already paid. The calculator estimates the outstanding principal from those assumptions before applying the prepayment amount.
The result is most useful when the rate and payment schedule have remained stable. If the lender has changed the rate, EMI, or tenure, use the current repayment schedule for the final decision.
Compare lower tenure with a lower EMI
Keeping the EMI unchanged generally puts more of each future payment toward principal after the prepayment, so the estimated tenure becomes shorter. Keeping the tenure unchanged recalculates a lower estimated EMI instead.
Neither option is automatically right for everyone. Compare the cash-flow effect, your emergency savings, and the lender's actual repayment options before choosing one.
Check the lender's documents before acting
The calculator does not include prepayment charges, changes in a floating interest rate, payment-date timing, insurance, taxes, or lender-specific rounding. These can change the actual schedule and interest amount.
Ask the lender for the current outstanding amount and a revised repayment schedule. Read the Key Fact Statement and your loan documents before making a significant prepayment.