#### Payments

Preferred Language

Preferred Language

# Loan Against Property Foreclosure Calculator

## Loan Against Property Foreclosure Calculator

LOAN AMOUNT
Rs
|
0
|
3Cr
|
6Cr
|
9Cr
|
12Cr
|
15Cr
|
18Cr
|
21Cr

Minimum salary should be above Rs.35,000

TENOR
|
0
|
24
|
48
|
72
|
96
|
120
|
144
|
168
|
192
|
216
RATE OF INTEREST
%
|
5
|
6
|
7
|
8
|
9
|
10
|
11
|
12
|
13
|
14
|
15
EMIs PAID
EMI
MONTH OF FORECLOSER

#### Foreclosure details

• Foreclosure details :

Rs.850

• EMI amount :

Rs. 20,251

• Interest saved :

10%

• Foreclosure amount :

Rs. 80,166

## What is foreclosure?

### What is loan foreclosure?

Loan foreclosure 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 on Loan against Property. If you are planning to avail loan against property for your children's education, you can use the education loan calculator to calculate EMI.

### How to use the foreclosure calculator?

It’s very easy to use and quick to perform.

Enter the following details
1.Your loan amount (between 1 to 15 lakhs)
2.Tenor (between 1 to 5 years)
3.Rate of Interest Rate
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 example, 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.

### What is the interest amount saved on foreclosure?

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

Did you know, a good CIBIL score can help you get a better deal on loans and credit cards?