Loan Optimizer
Loan Prepayment Calculator
See how much interest you save and how many years you cut by making smart prepayments on your loan.
Loan Details
Prepayment Strategy
Results
Key Insight
A one-time prepayment of ₹2.00 L in Year 2 saves you ₹7.29 L in interest and reduces your loan tenure by 1 Year 9 Months. Your total repayment drops from ₹1.04 Cr to ₹96.84 L.
Outstanding Loan Balance
See how your balance drops faster with prepayment
Year-by-Year Interest Comparison
Interest paid each year with and without prepayment
Comparison Summary
Side-by-side: Without vs With Prepayment
| Metric | Without Prepayment | With Prepayment | Benefit |
|---|---|---|---|
| Total Interest Paid | ₹54.14 L | ₹46.84 L | ₹7.29 L saved |
| Total Amount Paid | ₹1.04 Cr | ₹96.84 L | ₹7.29 L less |
| Loan Tenure | 20 Yrs 0 Mo | 18 Yrs 3 Mo | 1 Year 9 Months saved |
| Monthly EMI | ₹43,391 | ₹43,391 | Same EMI |
| Total Prepayment | --- | ₹2.00 L | 365% return on prepayment |
Year-by-Year Amortization
With prepayment schedule showing principal, interest, and prepayments
| Year | Opening | Principal | Interest | Prepaid | Closing |
|---|---|---|---|---|---|
Yr 1 | ₹50.00 L | ₹99,511 | ₹4.21 L | --- | ₹49.00 L |
Yr 2Prepaid | ₹49.00 L | ₹1.26 L | ₹3.95 L | ₹2.00 L | ₹45.75 L |
Yr 3 | ₹45.75 L | ₹1.37 L | ₹3.84 L | --- | ₹44.37 L |
Yr 4 | ₹44.37 L | ₹1.49 L | ₹3.71 L | --- | ₹42.88 L |
Yr 5 | ₹42.88 L | ₹1.62 L | ₹3.58 L | --- | ₹41.26 L |
Yr 6 | ₹41.26 L | ₹1.77 L | ₹3.44 L | --- | ₹39.49 L |
Yr 7 | ₹39.49 L | ₹1.92 L | ₹3.28 L | --- | ₹37.56 L |
Yr 8 | ₹37.56 L | ₹2.09 L | ₹3.11 L | --- | ₹35.47 L |
Yr 9 | ₹35.47 L | ₹2.28 L | ₹2.93 L | --- | ₹33.19 L |
Yr 10 | ₹33.19 L | ₹2.48 L | ₹2.73 L | --- | ₹30.71 L |
Yr 11 | ₹30.71 L | ₹2.70 L | ₹2.51 L | --- | ₹28.01 L |
Yr 12 | ₹28.01 L | ₹2.94 L | ₹2.27 L | --- | ₹25.07 L |
Yr 13 | ₹25.07 L | ₹3.20 L | ₹2.01 L | --- | ₹21.87 L |
Yr 14 | ₹21.87 L | ₹3.48 L | ₹1.73 L | --- | ₹18.39 L |
Yr 15 | ₹18.39 L | ₹3.79 L | ₹1.42 L | --- | ₹14.60 L |
Yr 16 | ₹14.60 L | ₹4.12 L | ₹1.08 L | --- | ₹10.48 L |
Yr 17 | ₹10.48 L | ₹4.49 L | ₹71,851 | --- | ₹5.99 L |
Yr 18 | ₹5.99 L | ₹4.89 L | ₹32,177 | --- | ₹1.11 L |
Yr 19 | ₹1.11 L | ₹1.11 L | ₹1,441 | --- | Loan Closed |
| Total | --- | ₹48.00 L | ₹46.84 L | ₹2.00 L | --- |
Calculator results are for illustration purposes only. Actual returns may vary based on market conditions, fund performance, and other factors. Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. Past performance does not guarantee future returns.
Related Calculators
Explore more tools that pair well with this one
EMI Calculator
Calculate EMI for home, car, personal, or education loans with amortization schedule.
Car Loan vs Cash Calculator
Should you take a car loan or pay cash? Compare with opportunity cost analysis.
Home Affordability Calculator
3-tier FOIR analysis to find how much house you can afford.
SIP Future Value Calculator
Calculate how much your monthly SIP will grow over time with the power of compounding.
Retirement SIP Planner
Calculate the monthly SIP needed for your retirement corpus.