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Pre Payment calculator by Tata Capital lets you calculate the business loan amount you are eligible to pre pay. Use our prepayment calculator and apply for a business loan online now.
It is possible for your business to make high profits, providing you with enough funds to repay your business loan sooner than the actual loan tenure. Pre-payment of a business loan is when you pay off your loan, either partially or fully before the completion of its tenure.
Yes, pre-payment of business loans generally accompany certain charges, known as pre-payment charges.
Check out our business loan fees and charges.
You can use the business loan pre-payment calculator by following these easy steps –
Step 1 – First, set the principal loan amount
Step 2 – Next, set the loan tenure in months or years
Step 3 – Then, set the loan rate of interest
Step 4 – Now, set the part-prepayment amount
Step 5 – Finally, set the payment months
Once done, the business loan pre-payment calculator will display results automatically and within seconds.