Your details
About the Loan Foreclosure Calculator
Foreclosure means paying off the entire outstanding balance in one go and closing the loan ahead of schedule. What you owe is the outstanding principal — not the sum of your remaining EMIs, because those include interest that will never accrue once the loan is closed.
This calculator reconstructs your amortisation schedule to find the balance after the EMIs you have paid, adds any foreclosure charge, and nets it against the future interest you avoid.
The formula
Interest that would have accrued in future months is not payable — that is the entire point of foreclosing.
Things worth knowing
Frequently asked questions
The outstanding principal plus any foreclosure charge, typically 2–5% where one applies. Floating-rate loans to individuals cannot be charged at all under RBI rules.
No. The account closes as fully paid, which is positive. A very short credit history may see a small temporary dip as an active account disappears, but the closure itself is not negative.
The no-dues or no-objection certificate, all original title or vehicle documents, the lien release filed with the registry or RTO, and a statement showing a nil balance.
Explore every calculator
55 free tools across loans, tax and investments — all with the full working shown.