Your EMI will be Rs. 1,00,083 per month
Savings in EMI
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.
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 part prepayment.
In order 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.
All users can use Bajaj Finserv part pre-payment calculator for their own business loans.
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