See the powerful impact of part payments on your home loan. Calculate how much you can save and become debt-free faster.
100% Free
No hidden charges
Instant Results
Real-time calculation
Data Safe
No data is stored
20.0 years
Total Loan Tenure
Plan your prepayments and see massive savings instantly
Your Prepayments:
₹2,00,000
Month 12 (1.0 years)
₹2,00,000
Month 24 (2.0 years)
₹2,00,000
Month 36 (3.0 years)
Total Savings with Prepayments
₹13,76,044
Interest Saved
Time Saved
7 years 7 months
(91 months earlier)
New Tenure
149 months
(12.4 years)
Original Tenure
240 months
(20.0 years)
Without Prepayment
Total Interest
₹27,06,939
20.0 years
With Prepayments
Total Interest
₹13,30,895
12.4 years
You Save
₹13,76,044
in interest payments
91
months saved
Prepay early: Maximum benefit in first 5 years
Use bonuses: Annual bonus toward prepayment
Check charges: Some banks have prepayment fees
Track Everything in StockIQ: Manage investments, loans, and taxes — all in one place!
Loan part payment, in short
Use this loan part-payment calculator to estimate how prepayments reduce interest cost and repayment tenure. Test different part-payment amounts and timing to choose the strategy that minimizes total borrowing cost.
A part-payment calculator measures loan tenure reduction and interest savings after making prepayments. It helps borrowers decide when and how much to prepay by comparing scenarios for monthly EMI burden, outstanding principal, total debt cost, and cashflow flexibility across different prepayment schedules.
Your complete guide to becoming debt-free faster while saving lakhs in interest
Massive Interest Savings
Save 30-40% of total interest with regular prepayments
Become Debt-Free Faster
Reduce your loan tenure by 5-10 years
Financial Peace
Lower debt burden improves credit score and financial health
Wealth Building
Money saved on interest can be invested elsewhere
The earlier you prepay, the better. Here's why:
Annual Bonus
Allocate 50-70% of annual bonus toward prepayment
Tax Refunds
Use tax refunds for prepayment
Increment
Increase EMI by 10-15% annually
Windfalls
Sale proceeds, inheritance toward loan closure
Should you prepay or invest? Consider:
High Returns Available
If investment returns > loan interest: Invest
Need Predictable Outcome
Prepay (locks in interest savings)
Balanced Approach
60% prepayment, 40% investment
Prepay early: Maximum benefit in first 5 years
Use bonuses: Annual bonus toward prepayment
Check charges: Some banks have prepayment fees
Last reviewed: 2026-02-28
Try StockIQ portfolio workflows
Move from one-off calculations to ongoing tracking and planning.
Read comparison-style explainers
Understand practical trade-offs before choosing an investing workflow.
See product and import documentation
Use step-by-step guides to streamline setup and analysis.
Plan loans alongside your portfolio goals
Model loan obligations with investments in one place and make better cashflow decisions in StockIQ.
Source: Reserve Bank of India | Last reviewed: 2026-02-28
Source: SEBI Investor Portal | Last reviewed: 2026-02-28
Enter base loan details
Set outstanding principal, rate, and remaining tenure.
Add one or more prepayments
Enter month and amount for each planned prepayment.
Calculate comparison
Compare repayment with and without prepayment strategy.
Optimize for EMI or tenure
Use savings output to choose a practical payoff strategy.
Part payment reduces outstanding principal. This can lower total interest and either shorten tenure or reduce EMI depending on lender policy.
Reducing tenure usually saves more total interest, while reducing EMI improves monthly cash flow. The better choice depends on your goal.
Yes. You can test different prepayment values and timings to compare total savings and loan closure outcomes.