A single prepayment reduces outstanding principal, cutting both future interest and remaining tenure. This shows exactly how much you save.
Years of EMIs already paid before the prepayment.
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After N years of EMIs, the outstanding principal is the amortised balance. A prepayment directly reduces that balance — all future interest is calculated on the smaller base, compounding the saving over the remaining tenure.
Assumes prepayment reduces outstanding principal while keeping EMI constant (tenure reduces). Some lenders may offer EMI reduction instead. See our full disclaimer.