Loan Prepayment Calculator — FY 2025-26
Paying extra each month dramatically cuts loan interest. Enter your loan details and a monthly extra payment to see the interest saved and how much earlier your loan closes.
Frequently asked questions
- Does prepaying a loan save money?
- Yes. Extra payments go straight to principal, reducing the interest charged over the remaining tenure and closing the loan sooner.
- Is it better to prepay or invest?
- If your loan rate is higher than your expected investment return, prepaying usually wins; otherwise investing may be better.
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