Personal Loan Pre-Payment Calculator

No, you cannot adjust the frequency of pre-payments in the calculator. You can only adjust the following.

• Loan amount

• Loan duration

• Rate of interest

• Part payment amount

• Payment months

Based on the above values, Tata Capital’s pre-payment calculator will display the revised EMI, revised tenure, total payments and remaining principal.

However, it’s important to note that you can make a pre-payment only once a year with a gap of a minimum of six months between two consecutive payments.

Tata Capital’s pre-payment calculator helps you plan your loan repayment strategy by calculating revised EMIs and tenures under varying conditions quickly and accurately. Here’s how to use it. 

• Use the first slider to specify your loan amount

• Use the second slider to specify your loan duration in months or years

• Use the third slider to specify the interest rate

• Use the fourth slider to specify the part payment amount

• Use the last slider to specify the payment months

Once you’ve completed the above steps, the pre-payment calculator will automatically calculate your revised EMIs, revised tenure, total payment and remaining principal. You can keep readjusting the above values to find a repayment plan that works for you.

No, the calculator cannot take into account the interest saved by pre-paying your loan. However, it can help you calculate the revised EMI and revised tenure. Here’s how you can calculate these.

• Use the first slider to specify your loan amount

• Use the second slider to specify your loan duration in months or years

• Use the third slider to specify the interest rate

• Use the fourth slider to specify the part payment amount

• Use the last slider to specify the payment months

You can also use the ‘+’ or ‘-‘ symbols to increase or decrease the amount. Alternatively, you can even enter the amount manually in a box. Based on these values, Tata Capital’s pre-payment calculator can calculate your revised EMI, revised tenure, total payment and remaining principal.

Yes, Tata Capital’s pre-payment calculator can be used for the calculation of all types of personal loans such as 

#1 Personal Loan for Education

#2 Personal Loan for Travel

#3 Personal Loan for Medical

#4 Personal Loan for Marriage

#5 Personal Loan for Home Renovation

All you need to do is enter the loan amount, loan duration, rate of interest, part or pre-payment amount and payment months to know your revised EMI and revised loan repayment tenure.

Yes, you can calculate your potential savings by making multiple pre-payments through Tata Capital’s pre-payment calculator. While the calculator won’t calculate your potential savings explicitly it can help you calculate your revised EMIs and tenure. 

And you can compare these results with the amount you would pay if you don’t make multiple pre-payments. Here’s how to use it. 

• Use the first slider to specify your loan amount

• Use the second slider to specify your loan duration in months or years

• Use the third slider to specify the interest rate

• Use the fourth slider to specify the part payment amount

• Use the last slider to specify the payment months

You can also use the ‘+’ or ‘-‘ symbols to increase or decrease the amount. Alternatively, you can even enter the amount manually in a box. Based on these values, Tata Capital’s pre-payment calculator can calculate your revised EMI, revised tenure, total payment and remaining principal.