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Prepayment / Foreclosure Calculator

Finance

Calculate how much interest you can save by making a prepayment on your loan. See the impact of early repayment on your home loan or personal loan.

Loan Amount (₹)₹ 10,00,000

Interest Rate (% p.a)10%

Total Tenure (Years)20 Yr

Already Paid (Months)

Prepayment Amount (₹)

Enter loan details to calculate savings.

What is Loan Prepayment?

Loan prepayment or foreclosure means paying off your loan (partially or fully) before the scheduled tenure ends. By reducing the principal, you reduce the interest charged on future EMIs, potentially saving lakhs over the loan period.

Benefits of Prepayment

Interest Savings

Reduce the total interest paid over the loan tenure significantly.

Debt-Free Sooner

Become debt-free earlier than planned by reducing principal faster.

How to Use

1Enter your original Loan Amount.
2Input the Annual Interest Rate.
3Set the Total Loan Tenure in years.
4Enter how many months you have Already Paid.
5Input the Prepayment Amount you plan to make.
6View the interest saved from prepayment.

Best For

Deciding whether to prepay home loan or invest.
Planning yearly bonus utilization.
Comparing interest savings across prepayment amounts.