Loan prepayment savings

Compare interest savings from an extra payment with your prepayment fee. Reduce monthly payments or shorten the term.

These results use the example values shown above.

Estimated net savings after fees

4,298,833 KRW

Monthly payment before1,012,451 KRW

Monthly payment after809,961 KRW

Interest saved4,298,833 KRW

Fee0 KRW

Same remaining term · equal payments · extra payment made now

Suggest improvements

Equal-principal schedules, variable rates and alternative investment returns are not included. Lender terms determine fees and whether term reduction is allowed.

How to use Loan prepayment savings

Use the current outstanding balance and remaining months, rather than the original loan amount or interest already paid.

The calculation assumes equal monthly payments at a fixed rate. Keep the remaining term to reduce payments, or use More options to keep payments and shorten the term. Enter the actual estimated fee yourself.

Example
Repaying 20,000,000 KRW from a 100,000,000 KRW balance reduces future interest by about 20% if the rate and remaining term stay unchanged, before fees.

Frequently asked questions

Do I need the elapsed term?

No. Use the current balance and remaining term. Obtain the fee estimate from your lender.

What does a negative saving mean?

The entered fee exceeds the estimated interest saved.

Reviewed: 2026-10-04 · Report an issue