SwiftCalc

Prepayment Calculator

Calculate how prepaying extra lump sums reduces loan tenure and interest.

Calculator Inputs
₹1L₹2Cr
%
6%18%
Yr
1Yr30Yr
₹10K₹20L
Results
Total Interest Saved₹7,37,249
Tenure Reduced By3 Yrs 0 Mos
New Remaining Tenure17 Yrs 0 Mos
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Frequently Asked Questions

How does prepayment save interest?

Prepayments directly reduce the principal balance. Since interest is calculated monthly on the outstanding principal, a lower principal decreases subsequent interest charges.

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