Personal Loan Prepayment Calculator
Find out exactly how much interest and tenure you can save with monthly and one-time prepayments on your personal loan.
Loan Inputs
Prepayment Plan
Prepayment Impact
Total Interest Saved
₹1.33 L
₹1,32,753
Current EMI
₹18,615.00
Without prepayment
Tenure Saved
1y 10m
Reduction in loan duration
Total Prepayment
₹2.85 L
Monthly + one-time prepayment
Interest (Regular Plan)
₹3.17 L
If you continue current repayment
Interest (With Prepayment)
₹1.84 L
After applying prepayment strategy
Principal vs Interest Paid Over Time
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Amortization Schedule
Scroll to view all 38 months
How to use this calculator
- 1Enter your outstanding personal loan amount and current interest rate.
- 2Set remaining tenure in years and months.
- 3Add monthly extra prepayment if you can spare recurring cash.
- 4Optionally add one-time prepayment and the month in which you plan to pay it.
- 5Compare new tenure and interest saved against regular repayment.
Why prepayment matters more in personal loans
Personal loans usually carry much higher interest rates than home loans. That makes every extra rupee of principal repayment highly valuable, especially in early years.
If your loan has no or low prepayment charges, disciplined monthly prepayment can cut years off your tenure and save significant interest outflow.
Always maintain emergency liquidity first. Prepay aggressively only after you have a stable cash buffer.
Frequently Asked Questions
Related Loan Tools
Check transfer options and compare with broader debt-planning tools before finalizing your strategy.