Prepayment Calculator

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PREPAYMENT CALCULATOR

Your Loan Information

Rupees
 
Rupees
 
|
1 |
36 |
72 |
108|
144
 
 
|
1% |
5% |
9% |
13%|
17%|
19%|
21%

I can afford to make larger payments each month

Apply one extra payment of Rs

 
|
1 |
2500 |
5000 |
7500|
10000
 

I want to reduce my principal balance by making one extra payment

Apply one extra payment of Rs

 
|
1 |
2500 |
5000 |
7500|
10000
 

I want to pay off my student loan as quickly as I can

Pay back in

 
|
1 |
2500 |
5000 |
7500|
10000
 

Rupees0/-

Here's What Happens When You Pay More Each Month When you make an additional payment of Rs

0/-

You will be able to pay back your loan in approximately

Rupees0/-

Here's What Happens When You Pay Down Your Principal, By making an extra payment of Rs

Rupees0/-

Toward your principal balance, you will not only lower your principal balance to Rs

0/-

but also shorten your repayment term to approximately

Rupees0/-

Months. Plus, you will save in interest over the life of the loan.

0/-

Here's What Happens When You Shorten Your Loan Term, If you want to pay off your loan in

Rupees0/-

Months, you will need to make additional payments of

Rupees0/-

Each Month doing so will help you save in interest over the life of the loan

Note:

Calculator is provided only as general self-help Planning Tools.

Calculated Result is indicative only.


Last Updated On : Tuesday, 24-12-2019

Interest Rates

8.00%* p.a. onwards

w.e.f. 15.04.2025

*T&C Apply.

 

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