Loan Prepayment Calculator
Loan Prepayment Calculator by NIVITA HUF. Model scenarios, review calculations, explore detailed breakdowns and export results. Useful free planning tool.
Set your assumptions
Update the values to calculate your scenario.
Your calculation
Results update as you enter information.
JavaScript is required for interactive calculations.
How this calculator works
EMI = P × r × (1+r)^n / ((1+r)^n − 1). Each month: interest = outstanding × r; principal repaid = payment − interest.
Important assumptions
Loan balance assumes monthly reducing-balance interest, monthly payments at period-end and full application of extra payments to principal. Early payoff may affect processing/foreclosure charges, which are excluded unless manually entered. Table displays first 24 months and later year-end checkpoints.
About the Loan Prepayment Calculator
What inputs are needed for the Loan Prepayment Calculator?
The calculator supports Loan amount / balance (₹); Annual interest rate (%); Original tenure (years); Additional monthly payment (₹); One-time extra payment (₹); One-time payment in month. You can change each applicable input and immediately recalculate.
How does the Loan Prepayment Calculator calculate its results?
EMI = P × r × (1+r)^n / ((1+r)^n − 1). Each month: interest = outstanding × r; principal repaid = payment − interest.
Can I save or share my calculation?
Yes. Use Export CSV for the results table, Copy results for a summary, Share scenario for an input-preserving link, or Print to keep a copy. No sign-in is needed.
Are calculator results guaranteed?
No. Calculations depend on the values entered and the assumptions shown. Financial products and regulatory rules can change, and investment projections do not guarantee returns.