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. | ||||||||
Disclaimer:
Please note that these calculators are for illustration only and should be used for informational purposes only.