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Business Loan Part Pre-Payment Calculator

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Loan AmountINR
TenorMonths
Rate of InterestPercent
The amount needs to be minmum 3 times your EMI
Amount INR

Your EMI will be Rs. 1,00,083 per month

 

Revised EMI

Rs.9,157

Savings in EMI

Rs.1,018

EMI Saved

10.00%

Revised Tenor

1 Months

Repayment Schedule

  • 1
  • Feb
  • Rs. 9000
  • Rs.157
  • Rs. 9000
  • Rs. 9157

What is part pre-payment of business loan?

Part Pre-payment of a business loan is when a loan borrower pays 3 or more than 3 EMIs in advance before its due date. This facility helps the borrower to pay a ‘part’ of his or her Bajaj Finserv business loan. Although paying 3 EMIs is mandatory, there is no maximum limit set for the same.

What is part pre-payment business loan calculator?

Bajaj Finserv part pre-payment business loan calculator is an online tool which helps you to calculate the EMI and loan period that is remaining after prepaying a certain part of the loan. You can also calculate the new EMI and tenor after making a part prepayment.

How to use Bajaj Finserv part pre-payment calculator?

To calculate the Interest Saving from part prepayment of Bajaj Finserv business loan, you need to enter the following details into the business loan part prepayment calculator:

Enter the Original Loan Amount, Tenor, IRR and No of EMIs paid

Enter the part prepayment amount. (Minimum 3 times of the EMI amount) Click Done The calculator will automatically tell the savings you will make in case EMI is reduced or Tenor is reduced.

Who can use Bajaj Finserv part pre-payment calculator?

All customers can use the Bajaj Finserv part pre-payment calculator to calculate the EMI and loan period that is remaining after prepaying a certain part of the loan.

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