PART PAYMENT CALCULATOR

Posted by loanyantra on December 6th, 2018

Part Payment Calculator

We bring to you a part payment calculator gauge the impact of a partial pre payment of your home loan. A partial prepayment lets you reduce your home loan tenure, EMI or both, as per your financial needs. This calculator shows you your savings by reducing your tenure. It will also provide you an amortization table to better understand the savings!

If you want to reduce your EMI after the partial prepayment, you can talk to your Bank and get the same done.

By prepaying your loan either in full or in part, you not only reduce your debt but also improve your credit score.

What is partial prepayment?
Part payment of a private loan happens after you have a payment quantity of idle cash, however isn’t similar to the whole principal outstanding loan quantity. Half payment works as a result of it brings down the principal quantity unpaid that successively brings down your EMIs and also the total interest you pay.

To calculate how you can benefit from part payment, Part Payment Calculator.