Compound Interest Calculator
See how a principal grows with yearly, quarterly, monthly or daily compounding.
Loan Prepayment Calculator
Enter your loan and a part payment. You will see the interest saved and how much sooner the loan ends.
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How to use it
- Enter the loan amount, rate and original tenure.
- Enter a one-time part payment and when you will make it, and any extra monthly amount.
- Choose between a shorter tenure or a lower EMI and read the savings.
Questions people ask
Which saves more: shorter tenure or lower EMI?
Keeping the EMI and finishing sooner saves more interest because you keep paying the same amount against a smaller balance. A lower EMI eases monthly cash flow, and still saves interest, but less.
Do banks charge for part payment?
RBI rules bar prepayment charges on floating-rate loans to individuals. Fixed-rate loans, business loans and some NBFC loans may charge a fee. Check your sanction letter.
Is this accurate for my own loan?
It follows the standard reducing-balance method with monthly EMIs. If your bank changed the rate, charged a processing fee or uses a different day count, the actual figures differ a little. Use the bank's schedule for the exact numbers.
Want this inside your own account?
Marketiism keeps your invoice numbers, GST reports, UPI payment links and WhatsApp reminders in one place. Leave your details and we'll call to set it up for your business, or start the trial yourself.
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