Total Amount After Year(s) (₹):
Total Amount After Year(s) (₹):
Total Amount After Year(s) (₹):
Total Amount After Year(s) (₹):
Total Amount After Year(s) (₹):
| S/N | Description | Expenditure (Monthly) | Weight (%) |
|---|---|---|---|
| 1 | Food and beverages | — | |
| 2 | Pan, tobacco and intoxicants | — | |
| 3 | Clothing and footwear | — | |
| 4 | Housing, water, electricity, gas and other fuels | — | |
| 5 | Furnishings, household equipment and routine household maintenance | — | |
| 6 | Health | — | |
| 7 | Transport | — | |
| 8 | Information and communication | — | |
| 9 | Recreation, sport and culture | — | |
| 10 | Education Services | — | |
| 11 | Restaurants and accommodation services | — | |
| 12 | Personal care, social protection and miscellaneous goods and services | — | |
| Total | — | 100 |
| S/N | Description | Official Weights (Govt.) CPI 2024 | Official Inflation Rate (%) (Govt.) | Personal Weights | Personal Inflation (%) |
|---|
Monthly Expenditure At The Retirement Age:
(Considering % Inflation)
Monthly EMI:
Principal Amount:
Total Payable Interest:
Total Amount to Pay:
Actual Repayment Tenure:
Annual Interest Rates:
Enter the original loan amount sanctioned/disbursed.
Example: 1562533.
Enter the current annual floating interest rate as a percentage.
Example: 15.25 means 15.25% per year.
Enter the original tenure in months.
Example: 180 means 15 years.
Enter the actual EMI appearing on your repayment schedule.
For example, 22138.
This calculator deliberately allows you to enter the actual EMI instead
of forcing a mathematically calculated EMI because lender schedules can
contain rounding and other contractual adjustments.
Enter the date on which the first EMI is due.
Example: 05/04/2026.
Enter the date on which you intend to completely close the loan. The calculator determines how many scheduled EMIs have fallen on or before this date and calculates the remaining principal after those EMIs.
If the interest rate changes during the loan, add each rate change with its effective date — the date your lender actually applies the new rate, not the date of a repo-rate announcement (these are usually a few weeks apart). The calculator applies your original rate to every instalment up to that date. From the first instalment whose due date falls on or after the effective date, the new rate is used instead, and so on for each subsequent change you add.
Adding or removing a rate change recalculates the Foreclosure Summary and Repayment Schedule below immediately — you do not need to scroll back up and press "Calculate Foreclosure" again.
Select whether the EMI remains fixed or is recalculated after a floating rate change.
Note: if you keep EMI fixed and the rate rises enough that the EMI no longer covers the month's interest, this calculator caps the principal component at zero for that installment rather than showing a negative principal reduction, and flags a warning. In practice, most lenders instead extend your tenure automatically in this situation — check your loan agreement for how your specific lender handles it.
If foreclosure occurs after the last EMI date, there can be interest for the days between the last EMI date and foreclosure date.
The actual lender may use a different day-count convention such as 365, 366, actual/actual, or another contractual method. Therefore the day-count option is configurable.
The foreclosure/prepayment charge percentage is applied to your outstanding principal balance as of the foreclosure date — not the original sanctioned loan amount, and not the broken-period interest or other charges. This matches how the charge is computed on most Indian bank and NBFC foreclosure statements. For example, a 2% charge on an outstanding balance of ₹14,86,408 works out to ₹29,728.16, regardless of what the original loan amount was. You can also add a flat fixed charge on top, if your lender levies one instead of or in addition to a percentage.
Important (RBI regulation): Reserve Bank of India rules already prohibit foreclosure/prepayment charges on floating-rate loans sanctioned to individual borrowers for non-business purposes (circulars dating back to 2012 and 2014). The RBI (Pre-payment Charges on Loans) Directions, 2025 extend this prohibition, from 1 January 2026, to floating-rate business-purpose loans taken by individuals and to Micro and Small Enterprises (subject to certain lender-category and loan-size exceptions). If your loan falls in one of these categories, the correct foreclosure charge is usually ₹0 — check your latest sanction letter/Key Facts Statement rather than assuming a charge applies.
Enter the applicable tax percentage on foreclosure charges. It is not automatically assumed that GST/tax applies to the principal.
The calculator produces an estimated contractual payoff. The final amount payable to a lender can additionally contain items such as overdue EMI, penal interest, unpaid charges, insurance, documentation charges, or other contractual adjustments.
Rounding the interest at every installment is important when you want the calculator to reproduce a lender's rupee-level repayment schedule.
| Instalment | Due Date | Opening Principal | EMI | Principal | Interest | Closing Principal | Rate % | Type |
|---|---|---|---|---|---|---|---|---|
| Enter valid values and click Calculate Foreclosure. | ||||||||
By default, this calculator works from your original, as-sanctioned loan details — the amount you originally borrowed, the original tenure, the date of your very first EMI, and (optionally) the original EMI. From that, it works out today's outstanding principal and remaining tenure for you automatically.
If you already know today's exact outstanding principal and remaining tenure from your latest statement, switch to "I know my current Outstanding Figures" instead and enter those directly.
Either way, also enter the current annual floating rate, your actual current EMI, and the date your next EMI (from this point) is due. There is no "Calculate" button to click — every result below updates automatically the moment you finish typing or change a field.
Add one or more one-time extra payments — for example a bonus or maturity payout you plan to put toward the loan. You can date a prepayment any day you like: today, a past date already reflected in your balance, or a date later in the loan's life. Dates before this schedule's starting period (see "Next EMI Date" below) simply won't show any separate effect, since they're assumed to already be baked into the Outstanding Principal you entered.
Turn this on if you plan to pay a fixed extra amount on top of every EMI, on a repeating schedule: monthly, quarterly, half-yearly or yearly, starting from a chosen date and day of the month. Leave an end date blank to keep it running for the rest of the loan.
Choose how the bank should treat every rupee you prepay:
This same setting also governs what happens on a floating-rate change: in "Reduce Tenure" mode your EMI stays fixed and the tenure stretches or shrinks with the rate; in "Reduce EMI" mode the tenure stays fixed and the EMI is recalculated every time the rate changes.
Policies differ by lender. Many banks/NBFCs place no minimum or maximum on a part-payment for a floating-rate loan; others require each part-payment to be at least equal to one EMI. Set this to match your loan agreement — the calculator will flag (not block) amounts below the chosen minimum, right next to the payment that's below it.
This decides how much benefit a mid-cycle prepayment actually gives you, and applies to every EMI cycle of the schedule, not just cycles with a prepayment in them. Indian lenders very commonly describe their method as "daily reducing balance with monthly rests" — the balance used for interest is tracked daily, but interest is actually debited to the account once a month. What matters most for a prepayment is not that label by itself, but the exact date your lender applies the payment to principal:
Prepayment Processing Time (optional) models the 1–3 working days most lenders take to actually credit a prepayment and adjust the principal — the date you enter for a lump sum or recurring payment is treated as the day you paid it, and this many days are added to work out the day it's actually credited and starts reducing the balance. Leave it blank to assume same-day credit.
Confirm with your bank/NBFC which method they use and how many days they take to process a part-payment — your loan agreement or Key Facts Statement should say.
If you expect (or want to model) the rate changing during the loan, add each change with its effective date — the date the lender actually applies it, not the repo-rate announcement date. It takes effect from the first instalment due on or after that date.
The Prepayment Impact Summary compares two runs side by side: your loan with no prepayments at all (only the EMI you enter, plus any rate changes) versus the same loan with every prepayment you've added applied. The difference is your interest saved and months shaved off.
In the Repayment Schedule table below, every lump-sum and recurring extra payment appears as its own highlighted row, dated on the exact day it's credited — sitting chronologically between the regular EMI rows, showing the balance immediately before and after that payment. This is in addition to, not instead of, the regular EMI rows. A Total row at the bottom of the table (and in the downloaded CSV) adds up the EMI, principal, interest and extra-payment columns for the whole schedule.
This is the standard reducing-balance method used for EMI-based floating-rate loans by Indian banks and NBFCs, with the Daily Reducing Balance option added for lenders that use day-level accrual instead. A fixed 365-day year is used for the daily method (leap years aren't separately adjusted for). Your lender's official statement, which can additionally reflect exact value dates, overdue amounts or other charges, remains authoritative.
Results below update automatically as you fill in or change any field above — there's nothing to click.
| Instalment / Event | Date | Opening Principal | EMI | Regular Principal | Interest | Extra Payment | Closing Principal | Rate % |
|---|---|---|---|---|---|---|---|---|
| Fill in your Loan Details above — the repayment schedule will appear here automatically. | ||||||||
Disclaimer:
Please note that these calculators are for illustration only and should be used for informational purposes only.