PREPAYMENT CALCULATOR

Your Loan Information

Particulars (In Rs)

Loan Current Balance

Interest Rate

 

Months Left to Pay Back

 

Current EMI


Click on one of the options below
Option A : I can afford to make larger payments each month
Option B : I want to reduce my principal balance by making one extra payment
Option C : I want to pay off my student loan as quickly as I can
Option A :

Apply one extra payment of Rs

 

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

Rs.

You will be able to pay back your loan in approximately

Months.
Option B :

Apply one extra payment of Rs

 

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

Rs.

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

Rs.

but also shorten your repayment term to approximately

Months.

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

Rs.
 
Option C :

Pay back in

 

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

Months.

Months, you will need to make additional payments of

Rs.

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

Rs.

  .