Revised EMI
Savings in EMI
EMI Saved
Revised Tenor
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.
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.
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.
