SBI Personal Loan Prepayment Calculator

Estimate the impact of prepaying your SBI personal loan on your remaining loan balance and interest.

Loan Amount ($) Interest Rate (%) Loan Term (Years) Prepayment Amount ($) New Loan Balance ($) Remaining Interest ($)

This SBI personal loan prepayment calculator helps you understand how making an early payment affects your loan balance and interest costs.

Prepayment Formula

New Loan Balance = Loan Amount – Prepayment Amount
Remaining Interest = Loan Balance * Interest Rate * Term – Prepayment Interest

$50,000 loan, interest rate 12%, 5-year term, $10,000 prepayment → new balance = $40,000, remaining interest = $4,000.

Prepaying your loan reduces the outstanding balance and the interest paid over time, helping you save money.

Make a prepayment if you have extra funds, especially towards the principal balance, to reduce future interest payments.