See your monthly EMI at a glance, and simulate how a one-time lumpsum prepayment changes your total interest and payoff timeline.
How to use the EMI & Prepayment Analyzer
- Enter your loan amount, interest rate and tenure.
- Optionally enter a one-time prepayment amount and the month it will be made.
- Review your EMI, total interest, and — if you added a prepayment — the new payoff time and interest saved.
Why use FreeToolsNets's EMI & Prepayment Analyzer?
- 100% free, with no usage limits and no account required.
- Everything runs locally in your browser — nothing you type is uploaded or stored on a server.
- Works on desktop, tablet and mobile in any modern browser.
- No installation, no plugins, and no ads blocking the tool itself.
Frequently asked questions
Does prepayment reduce EMI or tenure?
This calculator applies your prepayment to reduce tenure (you keep paying the same EMI, just for fewer months) — the common way most Indian banks apply it by default.
Is there a prepayment penalty?
Most floating-rate home loans in India have no prepayment penalty; check your specific loan terms for fixed-rate or other loan types.
Is this tool free to use?
Yes, completely free on FreeToolsNets, with no sign-up and no limits.
Is my data sent to a server?
No. Everything runs locally in your browser using JavaScript — nothing you enter is uploaded anywhere.
Does it work on mobile?
Yes, the widget is fully responsive and works on phones, tablets and desktops.