Prepayment Calculator
Current EMI
₹ 8,439
Total Amount
(Principal + Interest)₹ 15,18,943
Total Tenure
(Months)180
Total Interest
₹ 5,18,943
Loan Information
Change EMI Information
Change Interest
Would you like to change Emi or Tenure ?
Current EMI
₹ 8,439
Total Amount
(Principal + Interest)₹ 15,18,943
Total Tenure
(Months)180
Total Interest
₹ 5,18,943
Update EMI
₹ 0
Frequently asked questions
What is the Partpayment Planner?
The Partpayment Planner is a tool designed to help you understand the impact of part payments on your existing loan. By entering specific loan details and choosing part payment intervals, you can see how part payments affect your loan tenure and interest amount.
How do I use the Partpayment Planner?
Start by entering your occupation, current age, loan amount, current interest rate, loan tenure, and the loan start date. On the next page, select your preferred part payment intervals (monthly, quarterly, half-yearly, annually, biennial, or lump sum), and specify the period and amount of part payments. Click "add row" to see the impact on your loan's tenure and interest.
What information do I need to provide to use the tool?
You need to provide your occupation, current age, loan amount, current interest rate, loan tenure, and the loan start date. For part payments, you'll need to specify the intervals, duration, and amount of each part payment.
Can I see the repayment schedule in different formats?
Yes, the Partpayment Planner provides a repayment schedule with a toggle button that allows you to switch between the calendar year and financial year views, giving you flexibility in viewing your repayment plan.
Why should I consider making partpayments on my loan?
Making part payments can significantly reduce the total interest paid over the life of the loan and shorten the loan tenure. This tool helps you visualize these benefits, enabling you to make informed decisions about your loan repayment strategy.