See how extra payments can save you lakhs in interest
Interest Saved
₹24,87,162
Tenure Reduced
9.0 years
New Tenure
11.0 years
WITHOUT PREPAYMENT:
WITH ₹2,00,000/YEAR PREPAYMENT:
Strategy: Use bonuses, tax refunds, or salary increments for prepayment
Before prepayment: ₹1,096/day
After ₹2,00,000 prepayment: ₹1,030/day
Daily savings: ₹66/day = ₹24,149/year
Every rupee prepaid stops daily interest burn!
Choose how to use your prepayment: reduce tenure or reduce EMI
Keep EMI same, finish loan faster
Lower monthly burden, keep original tenure
Which strategy is better?
Reduce Tenure saves more interest overall and helps you become debt-free faster. Reduce EMI provides immediate monthly cash flow relief but costs slightly more in total interest. Choose based on your financial goals and monthly budget constraints.
| Year/Month | Principal Paid | Interest Paid | Prepayment | Total Payment | Balance |
|---|---|---|---|---|---|
2025 Year 1 | ₹17,034 | ₹66,610 | ₹0 | ₹83,644 | ₹49,82,966 |
2026 Year 2 | ₹1,09,773 | ₹3,92,091 | ₹2,00,000 | ₹7,01,864 | ₹46,73,193 |
2027 Year 3 | ₹1,35,483 | ₹3,66,381 | ₹2,00,000 | ₹7,01,864 | ₹43,37,710 |
2028 Year 4 | ₹1,63,329 | ₹3,38,535 | ₹2,00,000 | ₹7,01,864 | ₹39,74,381 |
2029 Year 5 | ₹1,93,484 | ₹3,08,380 | ₹2,00,000 | ₹7,01,864 | ₹35,80,897 |
2030 Year 6 | ₹2,26,143 | ₹2,75,721 | ₹2,00,000 | ₹7,01,864 | ₹31,54,753 |
2031 Year 7 | ₹2,61,513 | ₹2,40,351 | ₹2,00,000 | ₹7,01,864 | ₹26,93,239 |
2032 Year 8 | ₹2,99,818 | ₹2,02,046 | ₹2,00,000 | ₹7,01,864 | ₹21,93,421 |
2033 Year 9 | ₹3,41,303 | ₹1,60,561 | ₹2,00,000 | ₹7,01,864 | ₹16,52,117 |
2034 Year 10 | ₹3,86,232 | ₹1,15,632 | ₹2,00,000 | ₹7,01,864 | ₹10,65,886 |
2035 Year 11 | ₹4,34,889 | ₹66,975 | ₹2,00,000 | ₹7,01,864 | ₹4,30,997 |
2036 Year 12 | ₹4,01,382 | ₹16,838 | ₹29,616 | ₹4,47,836 | ₹0 |