Loan Foreclosure Calculator
See how much you'd save - after charges - by closing your loan early.
Enter 0 if your loan is floating-rate - RBI rules bar foreclosure charges on those for individual borrowers.
These calculators are provided for general informational and educational purposes only and do not constitute financial, tax, or legal advice. Results are estimates only. Please consult a qualified financial professional before making any financial decisions.
What is Loan Foreclosure?
Foreclosure means paying off your entire outstanding loan in one shot instead of continuing scheduled EMIs. You stop paying future interest, but some lenders charge a one-time foreclosure fee - this tool nets the interest you'd save against that fee.
Frequently Asked Questions
Can a bank charge a foreclosure fee on a floating-rate loan?
In India, RBI rules bar foreclosure/prepayment charges on floating-rate individual loans from banks - fixed-rate loans and NBFC loans may still carry a charge, so check your loan agreement.