Loan Foreclosure Amount Estimator
See how much it takes to close your loan today and how much interest that saves, after the lender’s foreclosure charge and GST.
QUICK ANSWERForeclosure amount = principal outstanding + interest for the days since the last EMI + foreclosure charge (usually 2–5% of outstanding on fixed-rate loans) + 18% GST on that charge + any overdue amount. RBI does not allow foreclosure charges on floating-rate loans to individuals.
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Want this synced, automatic and collecting payments?
- Same workflow in a free FastFee account, on every device and for your whole team
- Automatic WhatsApp reminders before and after due dates
- Payment links, UPI and AutoPay with auto receipts and live “paid” status
What you get free in the Loan Foreclosure Amount Estimator
- ✅ Outstanding after N EMIs
- ✅ Broken-period interest
- ✅ Foreclosure charge + GST
- ✅ Interest saved
- ✅ Foreclosure statement
- ✅ Share on WhatsApp
How to use the Loan Foreclosure Amount Estimator
- STEP 1Loan detailsOriginal amount, rate, tenure and EMIs already paid.
- STEP 2ChargesDays since last EMI, foreclosure % and any overdue.
- STEP 3Read the resultAmount to pay today and interest saved vs continuing.
- STEP 4Ask the lenderRequest the foreclosure letter and compare.
Frequently asked questions
Can a bank charge for closing a loan early?
Not on floating-rate term loans to individuals for non-business purposes (RBI). Fixed-rate personal, vehicle and business loans can carry a prepayment charge as per the sanction letter.
Is this tool free? Do I need to sign up?
Yes, it is completely free with no login and no limit on entries. Signing up for FastFee is optional. The free plan keeps your records synced across devices; automatic WhatsApp reminders, UPI AutoPay and team logins are on FastFee Premium.
Where is my data stored?
Only in your browser on this device (local storage). Nothing is uploaded to FastFee. Clearing browser data deletes it, so export a CSV or PDF backup regularly.
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