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Business Loan Foreclosure Calculator

  • Overview
  • Eligibility & Documentation
  • Fees & Charges
  • Calculators
  • EMI Options
  • Related Products
  • FAQs
  • Blog
    • 1

    Tools and Calculators

    • Foreclosure Calculator
    Loan Amount
    3,00,000 10,00,000 50,00,000
    Tenor
    Mo
    12 Months 18 Months 36 Months
    Rate of Interest
    %
    13% p.a. 13% p.a. 20% p.a.
    Foreclosure Charges
    %
    2% p.a. 4.5% p.a. 7% p.a.
    Months of Foreclosure
    Mo
    7 Months 18 Months 36 Months
    • Foreclosure Amount

      7,44,158*

    • EMI Amount

      5,00,000*

    • Total Payment
      Principal + Interest

      5,00,000*

    • Outstanding principal at the time of foreclosure

      5,00,000*

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    What is a Business Loan Foreclosure calculator?

    Business loan foreclosure calculator helps you to calculate your foreclosure amount for your business loan. Calculate your interest saved by using business loan foreclosure calculator at Tata Capital.

    What is Pre-payment Calculator?

    Pre-payment of a Business loan involves repaying a large instalment of your loan before the due date. The Business Loan pre-payment calculator allows you to assess the effect of such early loan repayments on your finances including your resultant EMI, tenor etc.

    FAQ

    Business loan foreclosure refers to the process where you make the full repayment of your outstanding loan amount, including the applicable interest, in a single payment, before the scheduled EMI period or loan tenure.

    You can foreclose a business loan in the following four steps –

    Step 1 – Write an application to your lending institution mentioning your desire to foreclose your business loan.

    Step 2 – After that, you can make your payment by way of online transfer or cheque/DD.

    Step 3 – Along with loan repayment, pay foreclosure charges

    Step 4 – Once the payment has been received, your lender will issue a No-Due Certificate to your name – proof that you’ve paid your loan in full.

    To determine whether or not you should foreclose your business loan, consider the following factors –

    • Cash Flow Crunch

    It is self-evident that foreclosure of your business loan might cause a slight cash flow crunch, especially for that particular month when such payment is made. It is important that you do your math and foreclose your business loan only when you are convinced that such foreclosure will not lead to shortage of funds.

    • Foreclosure charges

    Foreclosure of business loans often accompany certain charges known as foreclosure charges. If, on calculation, you find out that such charges shave off the benefits you may have made via interest savings, it makes no sense to foreclose your business loan. Check our business loan charges.

    You can use a business loan foreclosure calculator by following these simple steps –

    Step 1 – Set the principal loan amount that you’ve borrowed

    Step 2 – Now, set the loan tenure in months or years

    Step 3 – Set the rate of loan rate of interest

    Step 4 – Next, set the value of foreclosure charges expressed as a percentage

    Step 5 – Finally, set the duration of foreclosure in months or years

    Once done, the calculator will automatically show you the foreclosure amount within seconds.

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