Optimal Loan Prepayment Calculator
Minimize total interest across your loans with the latest Indian tax rules
👆 Enter loan details to see optimal prepayment strategy
📊 Complete Guide: How to Use This Calculator
India's only loan prepayment calculator with real-time EMI calculations, accurate tax tracking, and intelligent allocation across multiple loans.
Select Tax Regime
Determines tax deductions availability
Enter Annual Income
Total taxable income for current FY
(5%, 10%, 15%, 20%, 25%, 30%)
Monthly Prepayment
Extra amount beyond regular EMIs
Change anytime to see impact
Add Your Loan(s)
Add home, car, and personal loans
Tax benefits in Old Regime
No tax benefits
No tax benefits
View Results
Updates automatically as you type
Tax Benefits
(Old Regime Only)
Interest deduction on home loan
Principal + prepayments
Old Regime Tax Slabs
| Income (₹) | Tax Rate |
|---|---|
| 0 – 2.5L | 0% |
| 2.5L – 5L | 5% |
| 5L – 10L | 20% |
| > 10L | 30% |
New Regime Tax Slabs
| Income (₹) | Tax Rate |
|---|---|
| 0 – 3L | 0% |
| 3L – 7L | 5% |
| 7L – 10L | 10% |
| > 15L | 30% |
Smart Allocation Algorithm
How your surplus is optimally distributed
All loans first
Factor in tax benefits
Highest to lowest rate
Highest-rate loan first
*After tax benefits in Old Regime
Personal loan gets prepaid first (12% > 6.2%)
Practical Tips
First 5 years save most interest
6 months expenses before prepayment
Interest rates may change
Common Questions
Many do both: prepay ₹5K & invest ₹5K/month
Reducing tenure saves more interest
Calculator updates instantly