EMI Calculator with Prepayment
Calculate EMI, total interest and what a lump-sum prepayment could save.
Prepayment scenario Optional
LOAN SUMMARY
Monthly EMI₹43,391
Total interest₹54,13,879
Total payment₹1,04,13,879
With the prepayment₹13,19,639 interest savedEstimated tenure: 16y 7m · 41 months sooner
Assumes the EMI stays unchanged. Check lender charges and actual amortization terms.
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About EMI Calculator
Estimate the monthly payment and total cost of a reducing-balance loan. Add an optional lump-sum prepayment to compare interest saved and the possible reduction in loan tenure.
Helpful context
How is EMI calculated?
EMI uses the reducing-balance formula based on principal, monthly interest rate and the number of monthly payments.
Does prepayment always reduce tenure?
This calculator assumes the EMI stays unchanged and the tenure reduces. A lender may instead recalculate the EMI, and may apply charges or conditions.
Does this include processing fees?
No. Results exclude processing fees, insurance, taxes, penalties and lender-specific charges unless explicitly included in the loan amount.