Use our easy-to-access EMI calculators to help you plan for your dream faster and more efficiently. Please select the loan type that you require and get your estimated costing right now!
The Home Loan Part Payment Calculator helps borrowers determine the residual amount on their outstanding loan after making a part payment. By entering details like the part payment amount, tenure, home loan interest rate, and outstanding amount, customers can view either the revised EMI for the existing tenure or revised tenure if EMI is same. This allows borrowers to understand the impact of their part payment on loan.
The Home Loan Pre-payment Calculator offers several benefits to borrowers, including a reduced loan tenure or smaller EMIs on the outstanding loan amount. These factors contribute to faster debt repayment and have a positive impact on the borrower's CIBIL score. By using this calculator, customers can make informed decisions to accelerate their journey towards becoming debt-free.
When considering home loan pre-payment, factors like age and future cash flows should be considered.
As your income increases during the loan tenure, consider increasing the existing EMI or reducing the loan tenure.
Yes, one can make multiple pre-payments on his/her home loan account. Although, borrower should check pre-payment clause in the home loan agreement and charges mentioned on Kotak website.
Yes, the calculator can be used for any type of Home Loan product.