See how much interest you save and how much sooner you finish, with a one-time extra payment against your loan.
The extra payment reduces your outstanding principal immediately.
Your EMI stays the same, so the loan is paid off faster.
Simulating the new amortisation schedule gives the reduced total interest.
Interest saved: Original total interest − new total interest after the extra payment
Does prepaying reduce my EMI or my tenure?
This calculator keeps your EMI the same and shortens your repayment time — this is the more common choice and saves you the most interest. Some banks also let you keep the same repayment time and lower your EMI instead.