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Personal Loan

Personal Loan Foreclosure Calculator

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Personal Loan 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
EMI'S PAID
EMI
MONTH OF FORECLOSURE

Foreclosure Details

  • Foreclosure Details :

    Rs.850

  • Monthly EMI :

    Rs. 20,251

  • Interest Saved :

    10%

  • Foreclosure Amount :

    Rs. 80,166

What is loan foreclosure?

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.

How to use the foreclosure calculator?

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

What is foreclosure month?

It is the month in which you repay the full loan amount in advance. For e.g. if the tenor of your 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 (the aforementioned 40th month) is your foreclosure month.

Is there any penalty charge for foreclosing my loan?

After you pay more than one EMI, 4% of your outstanding principal amount will be applicable as foreclosure charges.

Check Your Personal Loan EMI

loan amount

Please enter loan amount

tenor

Please enter tenor

interest rate

Please enter interest rate

Your EMI amount is

Rs.0

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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.