Loan Part-Payment Calculator

See the effect of a part-payment against your outstanding loan balance.

How it is calculated

Works exactly like a one-time prepayment against your current outstanding balance.

Formula

Interest saved: Original total interest − new total interest after the part-payment

Frequently asked questions

What's the difference between prepayment and part-payment?

They mean the same thing — paying extra towards your loan, outside your normal EMI. 'Part-payment' is just the more common term used once a loan is already running.