Accelerated Debt Payoff & Prepayment Calculator
Accelerated Debt Payoff Calculator
Calculate months and interest saved with extra monthly prepayments
%
Interest Saved
₹49,317
Time Saved
16 Months
Standard Repayment Time45 Months
Accelerated Repayment Time29 Months
Total Interest (Baseline)₹1,32,546
Total Interest (Accelerated)₹83,229
By adding ₹5,000 to your monthly debt payment, you will be debt-free 1 years 4 months earlier.
The Compounding Power of Extra Principal Payments
Loan interest is calculated every single month based on the outstanding principal. When you pay only the contractual minimum payment, a massive portion covers accrued interest. Making consistent, extra principal repayments cuts the core balance immediately, permanently reducing the interest charged in every subsequent month.
Frequently Asked Questions
Should I use the Snowball or Avalanche method?
The Debt Avalanche method prioritizes the highest interest rate debt first, saving the most total rupees. The Debt Snowball method prioritizes the smallest balance first, giving quick psychological wins. Read our detailed comparison on Debt Snowball vs Avalanche.