Free tool
Loan Prepayment Calculator
See how a part-prepayment may affect your remaining interest, balance, tenure or EMI. Calculations are indicative. Actual lender calculations, charges and savings may vary.
Shree Cred Capital is a DSA/loan facilitation platform, not a bank or NBFC. Final approval, interest rate and disbursal are subject to the lending partner’s policies and discretion.
Current EMI
₹17,089
Remaining interest (no prepayment)
₹1,15,197
Revised outstanding balance
₹4,00,000
Prepayment charges
₹2,000
Option 1 — Keep EMI, reduce tenure
Tenure may reduce from 36 to about 28 months. Estimated interest savings after charges: ₹43,304
Option 2 — Keep tenure, reduce EMI
EMI may reduce to about ₹13,671. Estimated interest savings after charges: ₹21,039
Calculations are indicative. Actual lender calculations, charges and savings may vary.
How this calculator works
It uses the standard reducing-balance EMI formula on your outstanding amount, rate and remaining tenure. It then subtracts your prepayment and shows two common outcomes: keeping the same EMI to finish earlier, or keeping the same tenure with a lower EMI. Prepayment charges are deducted from the estimated savings.
Before you prepay
- Check whether your lender allows part-prepayment and after how many EMIs
- Confirm prepayment or foreclosure charges and any GST on them
- Ask whether the lender will reduce your EMI or your tenure after prepayment
- Keep an emergency fund — do not prepay money you may need soon
This guide is general information, not financial advice. Features, charges, interest rates and eligibility differ between lenders and change over time. Any rates or figures are indicative and subject to lender eligibility, credit profile and current offers. Always read the lender's sanction letter and key fact statement before accepting a loan.
Keep reading
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EMI calculator
Work out your monthly instalment, total interest and repayment schedule.
Not sure which loan fits you?
Talk to an advisor for a free, no-obligation assessment of your eligibility and suitable lending options.
Shree Cred Capital is a DSA/loan facilitation platform, not a bank or NBFC. Final approval, interest rate and disbursal are subject to the lending partner’s policies and discretion.