Loan Prepayment Calculator
💡 2 Minute Summary (Busy Logo Ke Liye)
Kya hai: Loan Prepayment Calculator batata hai ki extra payment karne se aapka interest aur tenure kitna kam ho sakta hai.
Kisko chahiye: Home Loan, Personal Loan aur Education Loan lene walon ke liye.
Big Truth: Loan ke first 5–7 saal mein prepayment ka impact maximum hota hai.
Vivek Bhai Tip: Prepayment = Guaranteed return (equal to loan interest rate).
What is Loan Prepayment?
Loan Prepayment ka matlab hota hai apne regular EMI ke alawa loan ka extra hissa pehle hi chuka dena. Ye payment aap kabhi bhi kar sakte ho – yearly bonus se, FD maturity se, ya kisi extra income se.
India mein zyada tar log sirf EMI bharte rehte hain aur sochte hain “loan toh chalta rahega”. Sach ye hai ki EMI system aapko interest zyada dene ke liye design kiya gaya hai.
Loan ke initial years mein aapki EMI ka major hissa sirf interest mein jata hai. Principal bahut dheere kam hota hai. Isi wajah se early prepayment ka fayda sabse zyada hota hai.
Example: ₹50 lakh ka Home Loan agar 20 saal ke liye liya hai, toh pehle 5 saal mein aap sirf 10–12% principal hi chuka pate ho.
How Loan EMI Actually Works?
EMI ka formula compound interest par based hota hai. Bank pehle apna interest recover karta hai, phir principal.
Is system ko samjhe bina agar aap sirf EMI bharte rahoge, toh aap lifetime interest trap mein phans jaoge.
⚠️ EMI kam hone ka matlab loan sasta nahi hota. EMI kam dikhti hai, lekin total interest zyada hota hai.
Why Prepayment Saves Huge Interest?
Prepayment directly principal ko kam karti hai. Principal kam hoga, toh future interest automatically kam ho jayega.
Iska matlab ye hai ki prepayment par jo paisa lagta hai, uska return guaranteed hota hai – exactly loan interest rate ke barabar.
Rule: Agar aapka loan 9% ka hai, toh prepayment ka return bhi 9% guaranteed hai – bina risk.
Real Life Case Study: Ramesh vs Suresh
Ramesh aur Suresh dono ne ₹30 lakh ka Home Loan liya 20 saal ke liye @9%.
Ramesh sirf EMI bharta raha. Suresh ne har saal ₹1 lakh prepay kiya (bonus se).
| Factor | Ramesh | Suresh |
|---|---|---|
| Total Interest | ₹32 lakh | ₹18 lakh |
| Loan Duration | 20 Years | 13 Years |
Difference? Sirf ek habit – Prepayment.
When Prepayment Makes Sense?
Prepayment tab best hoti hai jab:
- Loan initial stage mein ho
- Interest rate high ho
- Aapke paas emergency fund ready ho
Lekin har situation mein prepayment sahi nahi hoti.
When You Should NOT Prepay?
❌ Agar emergency fund nahi hai
❌ Agar loan interest 6–7% ke aas-paas hai aur aap equity mein better return kama rahe ho
❌ Agar prepayment penalty lag rahi hai
Tax Angle of Loan Prepayment
Home Loan ke case mein Section 24 aur 80C ke under tax benefit milta hai. Agar aap loan bahut jaldi close kar dete ho, toh tax deduction ka fayda kam ho sakta hai.
Isliye prepayment decision hamesha tax ko dhyaan mein rakh kar lo.
Loan Prepayment vs Investment
| Option | Risk | Return |
|---|---|---|
| Loan Prepayment | Zero | Guaranteed (Loan Rate) |
| FD | Low | 5–6% |
| Equity SIP | High | 12–15% (Not Guaranteed) |
Expert Tips (Vivek Bhai Style)
✔ Prepayment hamesha principal reduction ke liye karo, EMI reduction ke liye nahi
✔ Pehle emergency fund banao
✔ Home Loan ke first 5 saal golden hote hain
✔ Guaranteed return ko underestimate mat karo
❓ FAQ – Loan Prepayment
Q1. Kya har loan mein prepayment allowed hoti hai?
Floating rate Home Loan mein usually free hoti hai. Personal loan mein charges lag sakte hain.
Q2. EMI kam karein ya tenure?
Tenure reduction hamesha better hota hai kyunki interest zyada bachta hai.
Q3. Prepayment ka best time kya hai?
Loan ke first 3–7 saal mein.
Q4. Kya partial prepayment allowed hai?
Haan, zyada tar banks partial prepayment allow karte hain.
Q5. Prepayment se credit score improve hota hai?
Haan, agar disciplined tarike se kiya jaye.
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