Extra Payment Loan Calculator

See the powerful impact of making extra monthly payments or lump-sum prepayments on your loan payoff timeline and total interest.

Save $441,273 in interest

Pay off 172 months earlier!

ORIGINAL

240 months | Int: $579,671

WITH EXTRA

68 months | Int: $138,398

The Mathematics of Extra Payments

When you make an extra payment, 100% goes to principal reduction. This creates a compounding benefit: less principal β†’ less interest next month β†’ more of your regular EMI goes to principal β†’ loan shrinks faster.

  • β‚Ή5,000 extra/month on a β‚Ή50L loan at 9% for 20 years saves β‚Ή13.5L in interest and finishes 5 years early
  • One-time β‚Ή5L prepayment in year 2 of the same loan saves β‚Ή8.2L in interest

Extra Payment Loan Calculator FAQ

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