See how much sooner a loan closes, and how much interest you save, if you pay a fixed amount above the EMI every month.
Estimate from your own figures
Learn more: Managing debt: repayment order, consolidation and your debt-to-income ratio.
Frequently asked questions
How is the saving from an extra payment worked out?
The EMI is worked out for the outstanding amount and EMIs left; then each month interest is added and the EMI plus your extra amount is paid until the loan is cleared. The saving is the difference in total interest.