Loan Foreclosure Calculator

Estimate the amount needed to close a loan, including entered charges. Enter your own values below to see estimated closure amount and check the method behind it.

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Your inputs

Change the example values to match your situation.

Your result

Let’s work it out.

Fill in your inputs and select Calculate.
Your result and breakdown will appear here.

How this calculator works

Closure amount = principal + accrued interest + fee + tax on fee + other charges.

Before you use the result

  • Enter 0% where foreclosure fees are waived or prohibited. The lender’s dated foreclosure statement determines the actual amount.

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What is Loan Foreclosure Calculator?

Loan Foreclosure Calculator helps you estimate the amount needed to close a loan, including entered charges.

The main result is estimated closure amount, with a breakdown of fee before GST and GST on fee. The formula, example and assumptions below explain how to interpret it.

How to use Loan Foreclosure Calculator

Use the example to get familiar with the form, then enter your own figures. Any rates in the example are illustrative. Check the field labels and units before calculating.

  1. Gather outstanding principal (₹), foreclosure fee rate (%), GST rate on foreclosure fee (%), accrued unpaid interest (₹) and other closure charges (₹). Use values from the same situation or reporting period.
  2. Replace the example outstanding principal with your own value, then complete the other fields. Check the displayed units.
  3. Select Calculate and read estimated closure amount with its result breakdown. Change one input and calculate again to compare a second scenario. Reset restores the original example.
  • Enter outstanding principal in ₹, at least 0. Decimals are accepted.
  • Enter foreclosure fee rate in %, at least 0 and at most 100. Decimals are accepted.
  • Enter GST rate on foreclosure fee in %, at least 0 and at most 100. Decimals are accepted.
  • Enter accrued unpaid interest in ₹, at least 0. Decimals are accepted.
  • Enter other closure charges in ₹, at least 0. Decimals are accepted.

Loan Foreclosure Calculator: a worked example

With the inputs below, the result is ₹5,13,800 (estimated closure amount). Follow the example, then replace these illustrative values with your own.

Example inputs and output
Input or outputExample value
Outstanding principal (₹)₹5,00,000
Foreclosure fee rate (%)2 %
GST rate on foreclosure fee (%)18 %
Accrued unpaid interest (₹)₹2,000
Other closure charges (₹)₹0
Estimated closure amount₹5,13,800
Fee before GST₹10,000
GST on fee₹1,800

Understanding the Loan Foreclosure result

Read estimated closure amount alongside fee before GST and GST on fee. These describe different parts of the same calculation.

Displayed results use a readable number of decimal places. When checking a result by hand, keep extra precision until the last step. To compare scenarios, change one input at a time and keep the others fixed.

  • Example Fee before GST: ₹10,000
  • Example GST on fee: ₹1,800

Loan Foreclosure Calculator: assumptions and common mistakes

A useful estimate starts with the right inputs. Check the following assumptions and limits before applying the result to your situation.

  • Enter 0% where foreclosure fees are waived or prohibited. The lender’s dated foreclosure statement determines the actual amount.
  • Compare offers over the same tenure. A lower EMI can come from a longer loan, which may increase total interest.

For wider guidance, visit Reserve Bank of India. The formula and scope of this specific tool are stated on this page.

Loan Foreclosure Calculator FAQs

What does Loan Foreclosure Calculator calculate?

Loan Foreclosure Calculator helps you estimate the amount needed to close a loan, including entered charges. Its main output is estimated closure amount in ₹.

What inputs do I need for Loan Foreclosure Calculator?

You need outstanding principal (₹), foreclosure fee rate (%), GST rate on foreclosure fee (%), accrued unpaid interest (₹) and other closure charges (₹). Use the field labels and units to match your figures to the formula.

Which formula does Loan Foreclosure Calculator use?

Closure amount = principal + accrued interest + fee + tax on fee + other charges.

What is a worked example for Loan Foreclosure Calculator?

Example inputs: Outstanding principal: ₹5,00,000; Foreclosure fee rate: 2 %; GST rate on foreclosure fee: 18 %; Accrued unpaid interest: ₹2,000. Keep the remaining inputs as shown in the worked-example table. The result is ₹5,13,800 (estimated closure amount).

How should I enter outstanding principal?

Enter outstanding principal in ₹, at least 0. Decimals are accepted.

How do I choose foreclosure fee rate?

Enter foreclosure fee rate in %, at least 0 and at most 100. Decimals are accepted. The example uses 2 %; replace it if your circumstances differ.

How should I read estimated closure amount?

Read estimated closure amount alongside fee before GST and GST on fee. These describe different parts of the same calculation.

Why might my Loan Foreclosure Calculator result differ from my records?

Enter 0% where foreclosure fees are waived or prohibited. The lender’s dated foreclosure statement determines the actual amount. Differences in entered values, units or rounding can also change the comparison.

Can I compare two scenarios in Loan Foreclosure Calculator?

Yes. Note your first estimated closure amount, change outstanding principal or another input, and select Calculate again. Editing a field clears the old result so it is not mistaken for a new calculation.

Is Loan Foreclosure Calculator free, and where are my inputs calculated?

This calculator is free to use without signing in. Its formula runs in your browser; calculator inputs are not sent to a calculation API. The inputs reset to the example values when you reset the form or start a fresh page.