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Prepayment Strategy

Reduce Tenure

Keep EMI same, reduce loan duration

Reduce EMI

Keep tenure same, reduce monthly payment

Compare Both

See both options side by side

Without Prepayment

Monthly EMI₹0

Total Interest₹0

Total Payment₹0

Loan Tenure0 Years

With Prepayment

You Save ₹0

New Monthly EMI₹0

New Total Interest₹0

New Total Payment₹0

New Loan Tenure0 Years

Tenure Reduction0 Months

How Prepayment Works

When you make a prepayment, the extra amount goes directly toward reducing your principal balance. This reduces:

• Total Interest: Less principal means less interest accrual
• Loan Tenure: You can finish your loan earlier
• Monthly EMI: You can choose to reduce your monthly payment

Key Insights:

• Prepayments made in the early years save the most interest
• Even small extra payments can save thousands over time
• Check if your loan has prepayment penalties before making extra payments

Pro Tip: A prepayment of just ₹10,000 per year on a ₹10L loan at 10.5% for 5 years can save you over ₹50,000 in interest and reduce tenure by 6-8 months.

Login To Loans

Save Thousands with Loan Prepayment

Prepayment Strategy

Reduce Tenure

Reduce EMI

Compare Both

Without Prepayment

With Prepayment

Total Interest Savings

How Prepayment Works

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Login To Loans

Save Thousands with Loan Prepayment

Prepayment Strategy

Reduce Tenure

Reduce EMI

Compare Both

Without Prepayment

With Prepayment

Total Interest Savings

How Prepayment Works