Section 1 of 3
Become debt-free, on a date you can name
Every loan behaves differently, so each one gets its own card. The planner amortises them individually, sends any extra payment to the costliest loan first, and shows what that buys you.
Total outstanding
₹46.60 L
3 active loans, weighted rate 9.0%
Combined EMI
₹62,500
Sum of contracted monthly instalments.
Projected interest
₹16.64 L
Baseline without prepayment: ₹30.13 L
Debt-free by
Dec 2033
7 yr 4 mo from now, versus 14 yr 5 mo on the baseline.
Debt-service ratio
41.7%
EMIs as a share of take-home income. Above 40% leaves little room to absorb shocks.
Your loans
Add, edit or remove loans independently. Leave the prepayment charge as “unknown” until you have checked the sanction letter — it is not assumed to be zero.
Prepayment strategy
Extra payments are directed at the highest interest rate first, which minimises total interest.
Outstanding principal by loan
Units: ₹ (exact values in the table)
Outstanding principal split across 3 loans totalling ₹46,60,000.
| Loan | Outstanding |
|---|---|
| Home loan — primary residence | ₹38,00,000 |
| Car loan | ₹6,20,000 |
| Personal loan | ₹2,40,000 |
Assumption note: balances are as entered by you today; interest accrued since your last statement is not included.
Principal versus interest, by scenario
Units: ₹ over the full repayment period
Without prepayment you repay ₹46,60,000 of principal and ₹30,12,968 of interest. With your prepayment plan the interest falls to ₹16,63,755.
Assumption note: rates stay at today's level for the whole tenure. Floating-rate loans will differ as benchmarks reset.
Outstanding balance over time
Units: ₹ remaining, by month from today
Total balance falls from ₹46,60,000 to zero in 7 yr 4 mo under your selected strategy, against 14 yr 5 mo on the baseline.
Assumption note: EMIs continue unchanged and no new borrowing occurs. Extra payments go to the highest-rate loan first.
Scenario comparison
Reduce-EMI figures are indicative: lenders recalculate the instalment on the reduced balance, so confirm the revised schedule before choosing.
| Scenario | Monthly outgo | Tenure | Total interest | Charges | Net saving | Debt-free | Cash-flow impact |
|---|---|---|---|---|---|---|---|
| No prepayment | ₹62,500 | 14 yr 5 mo | ₹30.13 L | ₹0 | — | Jan 2041 | Unchanged |
| Reduce tenure (keep EMI, add surplus) | ₹72,500 | 7 yr 4 mo | ₹16.64 L | ₹1,680 | ₹13.48 L | Dec 2033 | ₹-10,000 |
| Reduce EMI (lower outgo, same tenure) | ₹61,865 | 13 yr 8 mo | ₹25.88 L | ₹1,680 | ₹4.23 L | Apr 2040 | +₹635 |
Verify prepayment terms with your lender
What this section decides