Home Loan Foreclosure Calculator

Loan amount (Rs. in lac)
Tenor (in months)
Rate of interest
Your EMI is Rs. 25.37 /month
EMI's paid
Month of foreclosure
Your foreclosure amount is Rs. 0 /month
  • Interest Saved
    in Rs.
  • Rs. 15,078
  • Interest Saved
    in percent
  • 58%

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What does Home Loan Repayment or foreclosure mean?
Housing Loan repayment is the full repayment of the remaining loan amount in one single payment instead of paying in EMIs. It is an existing part of your loan process in which you can repay the loan before your scheduled EMI period. You can select the number of EMIs that you have already paid and the month on which you want to foreclose your loan. This will help you calculate the foreclosure amount.

How to use the Home Loan Repayment calculator?
It’s very easy to use and quick to perform.

Enter the following details

  1. Your loan amount (between Rs.1 lakh to Rs.50 lakh)
  2. Tenor (between 1 to 20 years)
  3. Rate of Interest
  4. The number of EMIs that you have already paid and
  5. The month on which you would like to foreclose your loan

What is foreclosure month?
It is the month in your loan process in which you repay the full loan amount in advance. For e.g. if your tenure of the loan is 5 years (60 months) and you plan to repay the total loan left after 3 years 4 months (40th month), then that month (here 40th) is your foreclosure month.

Is there any penalty charge for foreclosing my loan?

Foreclosure Charges

Borrower Type: Interest Type Time Period (months) Foreclosure charges
Individual: Floating rate >1 Nil
Individual: Floating rate
All borrowers: Fixed rate
1-24 4% plus applicable taxes on principal outstanding*
25-48 2% plus applicable taxes on principal outstanding*
>48 Nil

*Foreclosure: charges will be applicable on the current principal outstanding. *Foreclosure charges for the line of credit and Flexi loans will be calculated on the Current principal outstanding.

What is the interest amount saved on foreclosure?
Many banks and financial institutions charge between 1% to 4% of amount you are paying, as foreclosure charges. We, at Bajaj Finserv do not charge for foreclosure prepayment. All of your amount is paid back as combination of principle and interest without any charges. Thus, the interest amount saved, tells you the amount you will save by availing our services.


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Payment Schedule
Months Opening Balance Interest Principal EMI Closing Balance