Grandfathering Pr.1-3 Cr By Age 50

Calculate Benefits of additional contribution to current EMI in total Interest Payment in your loan account & Reduction of Period of your Debt and know tips how this can be achieved

Tips to be Debt free early (क़र्ज़ मुक्त होने के मंत्र)

  1. Increase your EMI on yearly basis at least by Rs. 100/- (or any more amount). The following calculator will display the effect on Reduction in payment of Loan Interest and Loan Period in months by your additional increase in EMI.
  2. Pay yearly Extra one EMI in a year - it will not only reduce your loan amount but will big amount in interest payment and will make your debt free(क़र्ज़ मुक्त) much earlier in number of months form the total loan term.
  3. Pay some amount in addition to EMI from your additional earnings like bonus or arrear if any received at any time.

Click Here To Calculate Loan EMI, Compare Two Loans, View Month Wise Repayment Details (Outstanding Reducing Balance, Principal & Interest Paid during the term or tenure of loan)

Debt Free (कर्ज मुक्त) Calculator helps to calculate benefits of an addtional monthly contribution to Loan EMI

Current Loan Outstanding
Rate of Interest
Current EMI
Addtional amount contribution to Current EMI
Calculations are provided for loan period remaining upto 50 year and Loan amount upto 99 million. Please ensure that Current Payoff Term & Revised Payoff Term is not above 600 months (i.e.50 years). In case you see Alert on screen and Message below "Check EMI Repayment Period is > 50 yrs" means you have not entered your EMI correctly.
Current Payoff Term (Months)
Revised Payoff Term (Months)
No. of Months Saved To be Debt Free
Current Interest Cost
Revised Interest Cost
Interest Savings (Approx)

(Or Gross amount of Return on Additional EMI / Investment)

*Calculations are provided for loan period remaining upto 50 year. Therefore, please ensure that Current Payoff Term & Revised Payoff Term is not above 600 months (i.e.50 years) means you have not entered EMI correctly



A case study is placed below to understand the benefits of use of calculator :

The benefits of additional EMI can be seen by following case study where additional contribution of Rs.400/- saves Rs. 128993/- in the remaining period of loan in total interest payment and moreover here the person becomes debt free (क़र्ज़ मुक्त) before 10 months earlier :

Your Inputs
Current Loan outstanding 1850000.00
Rate of Interest 11.75%
Current EMI 21600.00
Addtional amount contribution to Current EMI Rs. 400.00
Results
Current Payoff Term (Months) 188
Revised Payoff Term (Months) 178
No. of Months Saved To be Debt Free 10
Current Interest CostRs. 2193,584.00
Revised Interest Cost Rs. 2064,591.00
Interest Savings (Approx)Rs. 128,993.00

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