Check your pre-approved offer and get your card in three easy steps
Earn up to 7.75% p.a. with our fixed deposit
Borrow up to Rs. 25 lakh | Instant approval | Funds in 24 hours
Get the power of 4 cards in 1 with our SuperCard
Safeguard your credit and debit cards and get one year of ZEE5 for free
Pay your DTH, mobile and electricity bills, and repay your loan in an instant
Minimum salary should be above Rs.35,000
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 personal 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.
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.
Disclaimer :The EMI calculator is an indicative tool and the results may vary based on actual interest rates and the period between disbursal date and the first EMI date. Calculation results are approximate and for information purposes only.
Did you know, a good CIBIL score can help you get a better deal on loans and credit cards?