Your loan, explained.

Personal loan · Fixed rate · Nirmal Bank Ltd · ••••5210

Illustrative

Amount you'll receive

ContractKFS · Sanction

₹7,66,420

of ₹8,00,000 sanctioned · ₹33,580 deducted before the money reaches you

Monthly EMI

₹17,998

Real annual cost (APR)

14.41%

Total you'll repay

₹10,79,909

Tenure

60 months · fixed rate

₹10.80 L

total EMIs

Where your repayments go

Principal you receive₹7,66,420

Fees & insurance deducted₹33,580

Interest₹2,79,909

Monthly reducing balance. Excludes penalties and future charges.

Prefilled from the loan's terms · edit freely

Repaying · Loan prepayment

Prefilled from KFS p.1, §A · Sanction p.2, cl. 4

Loan amount₹8,00,000

Interest rate12.50%

Remaining months60

Prepayment₹1,00,000

Interest saved · keep EMI

₹77,763

Finish sooner by

9 months

Outstanding balance by year

₹0
₹0

Without prepaymentWith ₹1.00 L prepaid

Option A · keep EMI, finish sooner

Save ₹77,763

EMI ₹17,998 · ends 9 months early

Option B · keep tenure, lower EMI

Save ₹34,988

EMI drops to ₹15,749

Assumptions & limits. Same rate throughout, prepayment made right after an EMI, no other changes. Your terms allow part-prepayment after 12 EMIs. The part-prepayment charge is 2% + GST (about ₹2,360 on this amount); savings shown are before that charge.