Preferred prepayment outcome

Your Loan + Prepayment Details

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Outstanding Principal?The remaining loan amount you still owe. Check your latest bank statement or loan passbook.

Interest Rate (% p.a.)?The annual interest rate on your current loan.

Remaining Tenure?How many months or years are left on your loan.

Tenure Unit?Choose whether your remaining tenure is in months or years.

Prepayment Amount?The lump sum amount you want to pay additionally to reduce your loan balance.

Prepayment Penalty (%)?Some lenders charge a % of the prepaid amount as a fee. Check your loan agreement. Enter 0 if none.

Interest Saved

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Months Saved

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Effective Return

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Outstanding Principal

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Monthly EMI

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Remaining Tenure

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Total Interest

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Total Amount Paid

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How Much Does
Prepaying Save You?