Mix every prepayment idea in one plan — a little extra each month, an extra EMI every year, a yearly EMI increase and a lump sum — and see your debt-free date.
Fill in the details and click Calculate to see your results.
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Most people prepay in more than one way: a small extra each month, the annual bonus as an extra EMI, a raise in EMI with each increment, and the occasional lump sum. This planner combines them all on one loan.
Set any box to 0 to leave that method out. The table shows how much principal, interest and extra you pay each year and the balance left.
| Loan Amount | ₹3,000,000 |
| Interest Rate | 8.5 % p.a. |
| Loan Tenure | 20 yrs |
| Extra Each Month | ₹2,000 |
| Extra EMIs Every Year | 1 EMIs |
| EMI Increase Every Year | 5% |
| One-Time Lump Sum | ₹200,000 |
| Lump Sum After | 24 EMIs |
| Loan closes in | 9 yrs 10 mo instead of 20 yrs |
| Tenure reduced by | 10 yrs 2 mo |
| Interest saved | ₹17,38,141 |
| Total interest | ₹15,10,186 (was ₹32,48,327) |
| Regular EMI | ₹26,035 |
| Total prepaid (above EMIs) | ₹14,38,092 |
| EMI in the final year | ₹40,388 |
10 yrs 2 mo; ₹15,10,186 (was ₹32,48,327).
Try this example →Whatever puts the most money in earliest. A yearly EMI increase is very powerful over long loans; a large lump sum early in the loan has the biggest single effect.
Under the old regime the interest deduction (up to ₹2 lakh) falls as interest falls. For most borrowers the interest saved is far larger than the tax benefit lost.
Yes — the table shows each year's principal, interest, extra payments and remaining balance, and the chart compares your balance with and without prepayments.