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Loan Interest Saving Calculator
Original Payouts
Revised Payouts
Difference
How To Use Loan Interest Saving Calculator
It’s very simple to use the Loan Interest Saving Calculator. You can see how much amount you can save in the loan if you increase the EMI (Equated Monthly Installment)
- Enter current loan outstanding, interest rate, remaining number of EMIs and current EMI amount.
- Enter the new EMI amount you want to change to. Give a realistic number. If you are unsure of whether you can afford the higher EMI or not, use a budget calculator to figure out.
- Click on the “Calculate Savings” button. The tool will display original payouts (Total principal + Total interest) , Revised payouts and Difference between the revised and original payouts.
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