Steps to Calculate Extra Mortgage Repayment:

Step 1: Enter your loan amount, the original term of your loan (usually 25 years) and the percentage rate.

Step 2: Click the button to calculate the monthly repayments based on your original term. Then, enter how much extra you think you can pay per month (eg: if your monthly repayments are Rs.6000 and you think you can afford to pay Rs8000 then enter 2000 in the extra payments field).

Step 3: Click the Calculate New Term button to find out how long your loan will take to pay off based on your regular extra payments and how much interest you will save.