Loans · Savings
Early Loan Closure Calculator
Want to close your loan faster? Compare two strategies — paying one extra EMI every year vs making a one-time part payment — and see exactly how many months you save and how much interest you avoid.
Two Strategies Compared
Extra EMI per year:Pay one additional EMI once a year (or spread as a small monthly top-up). Sustainable for most borrowers — you don't need a lump sum.
One-time part payment: Use a lump sum (bonus, windfall) to reduce outstanding principal. The impact is immediate — future EMIs charge interest on a lower balance.
Both strategies reduce your total interest paid. The calculator shows the exact months saved and interest saved for your loan details.