Personal Loan Prepayment Calculator
Personal loan prepayment / part-payment calculator in ₹ — interest saved and new tenure or EMI.
Model a lump-sum payment on a personal loan and see interest and tenure impact. Confirm lock-in and foreclosure charges with your bank.
- Part-prepay any month
- Reduce tenure or EMI
- Estimate only — fees excluded
Prefer the generic URL? Open general calculator
Loan details
Prepayments
Optional lump sums. For each, reduce tenure (keep EMI) or reduce EMI (keep tenure). Applied after that month's regular EMI.
No prepayments yet. Add one to compare against the base loan.
About this calculator
Personal Loan Prepayment Calculator — same math, product-focused page
This page targets personal loan searches. Under the hood it uses the same engine as our general tool. For concepts (EMI, floating rates, education phases), see Learn.
Standard calculator — any loan type
Same reducing-balance EMI math for personal, home, car, business, education repayment, and other EMI loans in ₹. Deep explainers live in Learn: What is EMI, fixed vs floating, rate resets, education loans, prepayment, prepay or invest, top-ups.
FAQ
Tap a question to expand.
Can I prepay a personal loan anytime?
Depends on the lender and lock-in. This tool estimates schedule math only, not penalties.
Should I choose tenure reduction or EMI reduction after prepayment?
Tenure reduction usually saves more interest because you keep a higher EMI and finish earlier. EMI reduction frees monthly cash flow but often saves less interest. Compare both on your numbers.
Can I model floating rates and part-prepayments together?
Yes. Set interest type to floating, add rate resets, and add prepayment rows (month, amount, reduce tenure or EMI). Events apply in time order.
Does this work for any loan’s part-payment or foreclosure estimate?
Yes for estimating interest and months saved after a part-payment on an EMI loan. It does not include prepayment penalties or lock-in charges — check your lender’s policy.
How do prepays interact with a loan top-up?
Run the existing loan with prepays here. Model the top-up as a separate EMI (or merged principal) in the EMI calculator.
Which loans can I use these calculators for?
Any standard reducing-balance EMI loan in ₹ — personal loan, home / housing loan, car / auto loan, two-wheeler loan, business loan, loan against property (LAP), gold loan (EMI stage), education loan once repayment has started, and similar products. Enter principal, annual rate, and tenure from your agreement. The math is the same; only your inputs change.
Is this only for one type of loan (e.g. home loans)?
No. WealthStack is a general loan calculator suite. Home loans often use floating rates and long tenures; personal and car loans are often fixed and shorter — but all use the same EMI engine unless your product is pure simple interest (see Simple Interest tool).
How do I model an education loan (simple interest during study, then EMI)?
During course / moratorium, many education loans use simple interest on the disbursed amount. Use the Simple Interest calculator for that phase. If interest is unpaid and added to the loan, new principal ≈ original principal + unpaid simple interest. Then use the EMI or amortization calculators on that outstanding for the repayment period.
Is this how my bank does it?
Most Indian lenders use reducing-balance math, but fees, reset dates, and EMI-vs-tenure policy differ. Treat results as estimates.