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Personal Loan Part Pre Payment Calculator

Loan AmountINR
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


Revised Tenor


Repayment Schedule

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

What is prepayment?

Prepayment is early loan repayment. Simply put, it is an EMI installment payment before its due date and is usually a big amount. If you have a large sum of money, then you can give this amount to your lender, to repay part of your loan. This results in either a reduction in the EMI amount for the remaining tenor, or reduction in tenor with the same EMI amount. The prepayment amount must be at least three times your regular EMI emount.

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?

All you need to do is simply enter your loan details and then enter the amount you wish to prepay. Do keep in mind that this amount will have to be minimum three times the calculated EMI. You can move the sliders to your left or right to adjust the values or you can directly type the values for the following:
a. The loan amount
b. Tenor (in months)
c. Rate of interest
d. The part-prepayment amount that you wish to pay
After you enter these details, click on 'Done'. You will be able to see two options:
a. EMI saved: This table shows the reduction in your EMI and monthly savings in EMI post part-prepayment.
b. Tenor saved: This table shows the reduction in your tenor post part-prepayment.

How does a part-prepayment calculator work?

A part-prepayment calculator works on four main variables:
a. The loan amount
b. Tenor in months
c. Rate of interest
d. Prepayment amount
Once you put in these details, the calculator tells you how much money you will save on EMIs after you have completed your part-prepayment.

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