Part Payment Calculator

Part payment in this tool models making smaller extra payments toward the principal on a recurring basis — say, every quarter or year alongside your regular EMI — rather than a single large lump sum. See the Loan Prepayment calculator for the one-time scenario.

Yes, since each part payment reduces the outstanding principal earlier, the cumulative interest saved over the loan's life can be substantial even if individual payments are modest.

Reducing tenure while keeping the EMI unchanged generally saves more total interest than reducing the EMI, since the loan closes out sooner.

Some lenders cap the frequency or minimum amount for part payments, or charge a fee on certain loan types — check your loan's terms alongside this calculator's projections.

Yes, the calculator recalculates the impact after each part payment in the sequence you specify, showing the cumulative effect over the loan tenure.