Are there any fees or charges included in the Term Loan Calculator results?

Typically, a Term Loan Calculator does not automatically include fees or charges like processing fees, prepayment penalties, or foreclosure charges in its results. These calculators focus on calculating the loan’s repayment schedule, EMI, interest, and the impact of extra payments based on the loan amount, interest rate, and tenure.

However, depending on the type of loan, the lender may apply additional fees or charges that are not factored in by default in most calculators. Make sure to review these potential fees when using a Term Loan Calculator to get a comprehensive understanding of the total cost associated with the loan.