LoanLens | EMI & Prepayment Planner

1 How much will you borrow?

Loan amount

2 Term & current rate

Loan term

Current rate % per year

3 What will you pay each month?

Total each month (₹)

Annual and one-off extras stay. They and fees are separate from this total.

4 Annual extra payment

Extra each year ₹ lakh

First extra payment

Monthly top-ups and yearly extras both reduce principal and future interest.

Your result

Calculating…

Correct the highlighted input to see your updated result.

Where does all the money go?

Principal + interest + fees

Itemised fees

Cash you will need

A loan year is 12 payments. Peak cash includes actual extras and entered fees.

See how prepayments shorten the loan

Remaining balance

Include all saved plans

Your plan versus the same loan without extra payments.

How are principal and interest calculated?

Your first payment

After current interest is settled, the extra payment reduces principal. You do not pay the future interest that this principal would have accrued.

A longer tenure gives you a lower mandatory EMI. With the same actual payments and interest rates, the interest cost is the same regardless of the original tenure. Fees can still differ.

Optional: fine-tune your plan

Custom monthly schedule, one-offs & timing

Loan month 1 means the month of your first EMI. Annual extras repeat every 12 months from the start below.

First annual extra loan month

Stop annual extras after month600 = 50 years. Extras also stop when the loan closes.

Increase yearly extra by % each year

Scheduled monthly extras

Extra each month (₹)

Start (loan month)

End (loan month)

One-off principal payments

Loan month 1 is your first EMI. Extras are applied after that month’s EMI.

Loan start date & saved-plan settings

Next / first payment month all saved plansMonth 1 is the next payment in this projection. For an existing loan, enter the next unpaid instalment, not the original start date.

Quick comparison options already use this amount and rate. This only updates your separately saved plans.

Future rate changes

Optional known or hypothetical rate events, not a forecast. New rate applies at the start of its month. The chosen payment stays fixed; payoff changes. Enter one rate per month.

Fees & taxes

Charges default to zero, not a promise of free borrowing. For an existing loan, enter only fees still to pay from today, never historic processing or purchase costs.

Processing (% of loan)

Processing fixed (₹)

Other upfront, all-in (₹)No additional tax is applied to this all-in amount.

Annual charge, before tax (₹)

Prepayment (% of extra)

Fixed per extra month (₹)

Tax on modelled fees (%)18% is an editable GST example, not a determination of tax. Never applied to principal or loan interest.

Fees are paid separately, not financed or taken from extra-payment budgets. Annual fees fall in months 12, 24, … while the loan is active.

Same loan. Different ways to repay.

Correct your calculator inputs to compare options.

At a glance · amounts rounded; fees shown below
Plan	EMI / month	Finish in	Interest

All four options use your current loan amount, rates and fee settings. Yearly extras are paid at each year-end. Choosing an option replaces your current tenure and extra-payment schedule, not your saved copies.

Compare my separately saved plans

Scenario totals · all amounts in rupees
Scenario	Monthly total / minimum	Actual payoff	Future interest	Fees & tax	Future cash out	Net saved*

* Net saved = interest + fees avoided against that row’s own no-extra-payment baseline, not against another row. A negative value means more cost. Fees are outside the EMI.

Compare the commitment, not only the EMI

A plan with ₹10 lakh in yearly extras needs that money every year. Use to see what is comfortable for you.

For plans that do not pay off within 100 years, figures are projections to that limit, not lifetime costs. No payoff or savings is claimed.

When do you want to be debt-free?

Set a payoff target and monthly budget to explore loan amounts and tenures. For a property purchase, optionally add the price and available cash below.

Your repayment boundaries

Target payoff (years)

Monthly budget, before fees (₹)For EMI + planned monthly extra. Blank means unknown; 0 means a zero budget.

Annual extra budget, before fees (₹ lakh)For recurring yearly + one-off extras in the peak loan year. Excludes monthly extras and fees.

Property purchase (optional)

Property price (₹ lakh)Optional. Enter a price and available cash to calculate the down payment and minimum loan.

Available cash (₹ lakh)

Reserve to protect (₹ lakh)

Other purchase costs (₹ lakh)For example, your entered stamp duty or registration estimate. Loan fees are calculated separately.

Ways to reach your target

Target and affordability results are hidden until all inputs are valid. Your edits are kept.

These are alternatives, not amounts to add together. Targets start from the calculated minimum EMI, not your chosen monthly total. Applying one replaces the current payment and all extras with a flat annual extra in months 12, 24, … or a monthly strategy from month 1: the exact automatic minimum when no extra is needed, otherwise a fixed total. Entered rate changes remain. Fees need separate cash. Direct EMI uses only the current rate.

Amount and upfront cash

Test the original tenure

Keeps your current extra-payment plan

Cost and cash commitment at the selected amount and current rate
Tenure	Minimum EMI	Peak monthly payment	Actual payoff	Interest + fees	Budget fit, before fees

Fit checks entered payment budgets, not bank eligibility, income stability or loan-to-value limits. Cash feasibility and fees must be reviewed separately. The smallest affordable loan and earlier principal repayment tend to lower cost; reserve needs, tax effects and opportunity cost may change your decision.

Every payment, accounted for.

See principal, interest, extras and fees over the life of the selected plan.

The schedule is hidden until all inputs are valid. Check Calculator and Budget & goal to correct the field named above.

Regular principal + extra principal reduce the balance. Monthly cash includes EMI, extras and that month’s fees; upfront fees are separate. Year 1 cash includes upfront fees. Amounts shown are rounded to whole rupees, but calculations keep extra precision. A final residual below half a paisa is included in the final regular payment, not forgiven; CSV identifies this already-included adjustment. This settlement convention is not a lender-rounding claim.