remindum.

Early loan payoff calculator

See how a lump-sum payment can shorten a loan.

Enter your details (BDT)

Dates

End dates follow the entered term; month-end dates use the last valid day. Dates do not change the interest calculation or adjust for bank holidays. Start means the original loan start; the early-payoff date includes months already paid.

Your estimate

Balance after prepaymentBDT 302,792.22
New remaining term
21 months
Months saved
3 months
Interest saved before fee
BDT 12,599.66
Prepayment fee
BDT 0.00
Net savings after fee
BDT 12,599.66

Results update as you change the numbers.

Sample inputs. Enter your own rates and fees. See assumptions below.

Formula, example & assumptions

Behind the answer

How it works

Subtract the lump sum from the remaining balance; retain the original EMI and simulate the remaining payments.

Subtract the lump sum from the remaining balance; retain the original EMI and simulate the remaining payments.

A worked example

At 0%, a 12,000 twelve-month loan prepaid by 3,000 after 3 months finishes 3 months sooner.