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Early Loan Repayment Savings Calculator

Compare interest saved against the prepayment penalty to see your real net benefit.

KRW
%
months
%

Net benefit of early repayment

23,166,090KRW

🚀 Even after the penalty, repaying now is the financially smarter move.

Remaining interest if held to term
24,366,090KRW
Prepayment penalty
1,200,000KRW

How it works

Paying off a loan early saves the remaining interest, but banks typically charge a 1–1.5% prepayment penalty on the principal. This tool compares the interest you'd save against the penalty you'd pay to show whether early repayment actually pays off.

FAQ

Q. Does the penalty always apply?

A. Most loans waive it after 3 years, and the rate varies by product — check your loan agreement.

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