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  3. Part-Prepayment Calculator

Personal Loan Part Pre Payment Calculator

Loan AmountINR
TenorMonths
Rate of InterestPercent
The amount needs to be minmum 3 times your EMI
Amount INR

Your EMI will be Rs. 1,00,083 per month

 

Revised EMI

Rs. 10,15,990

Savings in EMI

Rs. 50,51,552

EMI Saved

25%

Revised Tenor

12

Repayment Schedule

  • Enrolment Number
  • Month
  • Opening Balance
  • Interest
  • Principal
  • EMI
 

What is pre-payment?

Pre-payment is the repayment of an EMI before its due date. You can prepay your loan if you have excess or idle money with you. This may reduce your EMI amount for the remaining tenor or reduce the applicable tenor while keeping the EMI amount constant.

The prepayment amount must be at least three times your regular EMI amount.

What is a part-prepayment calculator?

Part-prepayment calculator is a calculator that shows the positive financial impact of early repayment of your loan.

How to use the Bajaj Finserv part-prepayment calculator?

You can use the Bajaj Finserv Part Pre-Payment Calculator to determine the impact of early repayment of your loan.
Move the sliders to enter the following details:
• Loan amount
• Tenor (in months)
• Rate of interest
• Part pre-payment amount that you wish to pay
On entering these details, you will see your revised EMI, your EMI savings, EMI saved in percent and the revised tenor.

How does a part-prepayment calculator work?

A part pre-payment calculator works on the following factors:
• The loan amount
• Tenor in months
• Rate of interest
• Pre-payment amount
Once you enter these details, the calculator tells you how much money you will save on EMIs after the part-prepayment.

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