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See impact of making part payments on loan tenure and interest
Interest Saved
Tenure Reduced (months)
New EMI (if continued)
New Remaining Balance
Part payments (extra payments beyond regular EMI) reduce your loan balance and can lower EMI or reduce tenure. Making regular part payments (e.g., ₹10,000 extra every quarter) can reduce a 20-year loan to 15 years and save ₹20L+ in interest.
EMI = P × r × (1+r)^n / ((1+r)^n − 1)Where:
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This calculator is provided for informational and educational purposes only. While we strive for accuracy, results should be verified with official sources or by consulting qualified professionals. Tax laws, rates, and regulations are subject to change. GotRedFlags is not responsible for financial decisions made based on these tools.