Loan Prepayment Calculator
Prepayment details
Prepayment reduces loan tenure; EMI remains same. Penalty reduces the amount going toward principal.
Before
Tenure
240 months
Interest paid
₹80,59,649
After
Tenure
204 months
Interest paid
₹68,59,891
Your loan finishes 36 months faster and interest saved by you is ₹12,00,000
Note : Your EMI of ₹66,915 remains the same.
Amortization schedule (new loan)