Planning to make a part-payment on your loan? Use this calculator to see how a prepayment may affect your EMI, remaining loan tenure and estimated interest cost.
Enter Your Loan Details
Your Loan Today
After Prepayment
Which Option May Suit You?
Want to maximise interest savings?
Keeping your EMI broadly unchanged and reducing the loan tenure will ordinarily result in greater interest savings.
Want to reduce your monthly repayment burden?
Keeping the remaining tenure broadly unchanged and reducing your EMI may provide greater monthly cash-flow relief.
Important Assumptions
This calculator provides an illustrative estimate based on a standard monthly reducing-balance loan.
It assumes that the interest rate remains unchanged, the prepayment is immediately adjusted against outstanding principal, EMIs are paid monthly and there are no prepayment charges or other loan-related fees.
Actual calculations by your bank may differ because of the exact prepayment date, daily or monthly interest calculation method, interest-rate resets, rounding, EMI dates, loan terms and other factors.
Banking rules, contact details and procedures can change. If you notice information on this page that appears outdated or incorrect, please let us know.