Loan Repayment Calculator India — EMI Schedule & Prepayment Guide — free 2026 guide with formula, examples and calculator.
Understanding your complete loan repayment schedule helps you plan prepayments strategically. Making even one additional EMI per year can reduce a 20-year home loan by 2–3 years and save lakhs in interest. This guide shows how to analyse and optimise your loan repayment plan.
Loan: ₹30L at 8.5% for 20yr. EMI = ₹26,082.
Without prepay: Total interest = ₹32.6L
With ₹50,000 lump prepayment in Year 2: saves ₹3.8L interest + 14 months tenure
With ₹1L prepay Year 2: saves ₹7.4L + 27 months
| Prepayment | Interest Saved | Tenure Reduction (on ₹30L 8.5% 20yr) |
|---|---|---|
| None (baseline) | ₹0 | 0 months |
| ₹50,000 in Yr 2 | ₹3.8L | 14 months |
| ₹1L in Yr 2 | ₹7.4L | 27 months |
| ₹2L in Yr 2 | ₹13.6L | 46 months |
| ₹1L/yr for 5yr | ₹18.2L | 5+ years |
Calculate exact interest saved and tenure reduction from any prepayment amount.