Extra loan repayment
Prepayment
Paying more than the scheduled EMI to reduce principal early. May shorten tenure or lower EMI depending on lender options and fees.
In simple terms
Paying more than the scheduled EMI to reduce principal early. May shorten tenure or lower EMI depending on lender options and fees. Use the related calculators below to see the idea in numbers — results are illustrative, not advice.
Related calculators
Related terms
Sources & methodology
- Verify definitions against official scheme / tax documents — terms and rates can change by notification
- Aaru Wealth Methodology
Always verify current rates, slabs and scheme rules on official portals. Calculator outputs are illustrative estimates.