Minimum salary should be above Rs.35,000
Loan foreclosure is the full repayment of the remaining loan amount in one single payment instead of paying it back in multiple EMIs.
It is an existing part of your personal 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 in which you want to foreclose your loan. This will help you calculate the foreclosure amount.
Enter the following details and calculate the foreclosure amount:
• Your loan amount (between Rs. 1 to 15 lakh)
• Tenor (between 1 to 5 years)
• Rate of interest
• The number of EMIs that you have already paid
• The month in which you would like to foreclose your loan
After you pay more than one EMI, 4% of your outstanding principal amount will be applicable as foreclosure charges.
Disclaimer :Calculator is an indicative tool to check personal loan eligibility and assist the user to calculate the loan amount that the user will be eligible to borrow. Calculation results are approximations and for information purposes only and interest rates quoted are indicative. Actual interest rates and loan eligibility amount will vary. To check eligibility for Personal Loan and know the actual eligibility amount, the user should share his complete and accurate details by clicking on the ‘apply now’ tab and provide additional information/ documents required for assessment of user’s application. Calculation results are not intended to substitute professional advice which the user is advised to seek. Loan terms and conditions apply.