3 EMI Holiday Calculator

Loan amount (Rs. in lac)
Tenor (in months)
Rate of interest
Year & Month of Disbursal
Please select your disbursal
Your EMI is
Rs. 25.37 /month
Done
  • With
    3 EMI Holiday Scheme
  • 34
    Month
  • Without
    3 EMI Holiday Scheme
  • 5
    Month

The starting month for your EMI is based on the assumption that your loan was disbursed before the 15th of the selected month.

Need help?

Need help?

What is pre-payment?
Pre-payment is early loan repayment. Pre-payment is an EMI installment payment before its due date and is usually a big amount. If you have a large sum of money, then you can pay this amount back to repay part of your loan. This results in either a reduction in the EMIs for the remaining tenure or reduction in tenure with the same EMI. The pre-payment amount must be at least three times your EMI.

What is a part pre-payment calculator?
Part pre-payment calculator is a calculator that shows the positive impact of an early repayment of your loan.

How to use a part pre-payment calculator?
All you need to do is simply enter your loan details and then enter the amount you wish to pre-pay. Do keep in mind that this amount will have to be minimum three times the calculated EMI.

You can move the sliders to your left or right to adjust the values or you can directly type the values for the following:

  1. The Loan Amount
  2. Tenor( In Months)
  3. Rate Of Interest
  4. The part pre-payment amount that you wish to pay
    After you enter these details, click on “Done”. You will be able to see two options.
    1. EMI Saved: This table shows the reduction in your EMI and monthly savings in EMI post part pre-payment
    2. Tenor Saved: This table shows the reduction in your tenor post part pre-payment

How a part pre-payment calculator works?
The part pre-payment calculator works on four main variables:

  • The Loan amount
  • Tenor in months
  • Rate of interest
  • Pre-payment Amount