Loan Prepayment Calculator
See how an extra payment could save interest. Free, simple, and right here in your browser.
A little extra today
A lighter loan tomorrow.
See potential interest savings and a shorter repayment period.
How to use this tool
Use your current outstanding balance and remaining months, not the original loan amount. Enter the annual rate and a lump sum you could pay now.
Good to know
The EMI is calculated from the remaining balance, rate and term, then held constant after the extra payment. Your lender’s schedule, rounding and charges may differ. Confirm the result and applicable fees with your lender.