8 calculators
Loans
Find the monthly EMI, total interest and full repayment schedule for any loan. Each loan type has its own calculator because each works a little differently: home loans come with a down payment and tax benefits, car and bike loans with on-road price and shorter tenures, personal loans with processing fees, and education loans with a moratorium while you study.
Once you know the EMI, use the prepayment calculator to see how much interest an early part-payment saves, and the eligibility calculator to check how much a lender is likely to sanction on your income.
Learn
Guides
LoansHow is EMI calculated? The formula, explained with examplesHow banks calculate your loan EMI, why early EMIs are mostly interest, and how to read an amortisation schedule — with a step-by-step ₹10 lakh example.LoansHome loan tax benefits: Section 24(b), 80C and the new regimeHow much tax a home loan saves: the ₹2 lakh interest deduction, the ₹1.5 lakh principal deduction, joint loans, let-out property and what the new regime allows.LoansShould you prepay your loan or invest the money?Prepaying a loan earns a guaranteed return equal to its interest rate. Here is how to compare that with investing, including tax, timing and liquidity.LoansAfter a prepayment: reduce the tenure or the EMI?Reducing the tenure after a loan prepayment saves far more interest than reducing the EMI. See the numbers on a ₹50 lakh home loan and when each makes sense.LoansFlat vs reducing interest rate: why a “7% flat” loan really costs about 12.5%A flat interest rate charges interest on the original loan for the whole tenure. See how to convert a flat rate to its real reducing-balance equivalent, with examples.LoansProcessing fees, APR and the Key Fact Statement: the real cost of a loanWhy a processing fee raises your loan’s true interest rate, how APR is calculated, what the RBI Key Fact Statement must show, and how to compare loan offers.