Question 1

If I prepay 1,920,000 CNY, how much interest can I save?

Accepted Answer

It depends on your loan amount, interest rate, remaining term, repayment method, prepayment date, and the strategy you choose (shorten term vs. reduce monthly payment). Fill in the details on this page to calculate and compare results.

Question 2

Is it better to shorten the term or reduce monthly payments after prepaying?

Accepted Answer

Both can reduce total interest, but they optimize different goals: shortening the term prioritizes paying off earlier, while reducing payments improves monthly cash flow. Compare both strategies with the calculator before deciding.

Prepay 1,920,000 CNY — how much interest can you save?