Part-pay a loan
Prepayment Calculator
See whether reducing EMI or reducing tenure saves more after a lump-sum prepayment.
Formula
Outstanding is computed from the original amortization; tenure-cut solves n holding EMI fixed, EMI-cut recomputes EMI on the remaining term.
About this calculator
Most floating-rate home loans allow part-prepayment without penalty. Choosing reduced tenure over reduced EMI is one of the highest-return moves a borrower can make.