See your loan repayment and how overpayments shorten the loan and save interest.
A ₹8,00,000 loan at 11% for 4 years 6 months costs ₹18,849.19 a month. Adding ₹2,000 a month saves ₹27,453.87 in interest.
The Repayment Calculator shows the regular repayment on a loan and what happens when you overpay. Enter the amount, rate and term, then add a monthly, yearly or one-time overpayment to see the interest saved and how much sooner you are debt-free.
Overpaying early in the loan has the biggest effect because interest is highest then. Check with your lender whether overpayments are allowed and whether they carry a fee. Compare with the Loan Calculator and Mortgage Payoff Calculator.
The calculator applies the standard financial formulas step by step.
| Item | Amount |
|---|---|
| Loan amount | ₹8,00,000.00 |
| Monthly payment (principal + interest) | ₹18,849.19 |
| Total interest | ₹1,90,402.38 |
| Total of all payments | ₹9,90,402.38 |
| Time to pay off | 4 years |
| Interest saved by extra payments | ₹27,453.87 |
| Time saved | 6 months |
| Term | 10% p.a. | 11% p.a. | 12% p.a. |
|---|---|---|---|
| 2 years | ₹30,249.13 | ₹30,622.45 | ₹30,998.49 |
| 4 years | ₹18,457.93 | ₹18,849.19 | ₹19,245.27 |
| 6 years | ₹13,989.55 | ₹14,401.34 | ₹14,819.90 |
| 8 years | ₹11,673.85 | ₹12,106.44 | ₹12,547.57 |
They reduce the principal immediately, so you pay less interest each month afterwards and clear the loan sooner.
Shortening the term saves more interest. Keeping the payment the same and overpaying has the same effect.
Some lenders charge a fee, especially on fixed-rate loans. Check your agreement.
If you have higher-interest debt or no emergency fund, those usually come first.
Enter your overpayment in the calculator — the summary shows the exact interest and time saved.
Yes — use the yearly extra payment box, for example a bonus paid every year.
It uses the standard formula: EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1) The full method and a worked example are shown on this page.
No. The calculator gives estimates for planning and learning. Real offers vary by lender, product and date, so confirm the details with your bank, lender or a qualified adviser before deciding.
Yes. The maths is identical in any currency; only the currency symbol shown in the results differs.
No. Everything is calculated in your browser and nothing you enter is uploaded or saved.
