Free · Instant · Accurate
EMI Calculator
Calculate your monthly loan instalment, total interest, affordability, and get a full repayment breakdown — all in real time.
MONTHLY EMI
₹0
per month
TOTAL INTEREST
₹0
extra over principal
INTEREST BURDEN
0%
of total outflow
TOTAL PAYABLE
₹0
principal + interest
Loan Details
₹10,00,000
₹50K₹1 Cr
8.5%
1%30%
5 Yr
1 Yr30 Yr
YOUR MONTHLY EMI
₹0
Equated Monthly Instalment
Principal Amount₹0
Total Interest Payable₹0
Processing Fee (est. 1%)₹0
Grand Total (incl. fee)₹0
ANNUAL OUTFLOW
₹0
Total paid towards this loan every year
INTEREST IN 1ST EMI
₹0
Interest portion of your very first payment
PRINCIPAL CLEARED YR 1
₹0
How much principal reduces in year one
Payment Breakdown
Total Outflow
₹0
Principal Amount
₹0(0%)
Interest Amount
₹0(0%)
Affordability Check
Enter your monthly take-home income. Lenders approve when EMI stays below 40% of income.
EMI-to-Income Ratio—
0%40% (safe limit)100%
RECOMMENDED FOR YOUR INCOME
Max advisable EMI (40% rule)—
Max eligible loan amount—
Amortization Schedule
| PERIOD | OPENING BALANCE | PRINCIPAL PAID | INTEREST PAID | TOTAL PAID | CLOSING BALANCE |
|---|
Prepayment Savings Calculator
Make a lump-sum prepayment to reduce outstanding principal and save significant interest. See exactly how much you save.
Tip: Even one extra EMI per year can cut months off your tenure and save lakhs in interest.
YOUR PREPAYMENT SAVINGS
Original tenure—
New tenure after prepayment—
Months saved—
Original total interest—
New total interest—
Interest saved 🎉—
Loan Type Guide — Tap to Apply Typical Rate
🏠
Home Loan
Rate: 8.5% – 10%
Secured. Tenure up to 30 yrs. Tax benefit under Sec 80C & 24B.
🚗
Car Loan
Rate: 10.5% – 13%
Secured. Tenure 3–7 yrs. Car is collateral; faster disbursal.
💼
Personal Loan
Rate: 14% – 24%
Unsecured. Quick approval. Shorter tenure 1–5 yrs. Higher cost.
🎓
Education Loan
Rate: 11% – 15%
Moratorium during study. Tax benefit on interest under Sec 80E.
🏢
Business Loan
Rate: 12% – 20%
For working capital or expansion. Collateral may reduce rate.
🏦
Loan vs Property
Rate: 9.5% – 12%
Secured against property. Large amounts, lower rate, up to 20 yrs.
Smart Borrowing Tips
Negotiate the rate first
Even 0.5% lower rate saves lakhs over a long tenure. Always compare 3+ lenders before signing.
Prepay with every bonus
Any surplus — bonus, gift, increment — put towards prepayment and cut months off your loan.
Shorter tenure = less interest
A 10-year loan often costs 2× a 5-year loan in interest. Pick the shortest tenure you can afford.
Keep EMI below 40% of income
Lenders use FOIR. Staying below 40% keeps finances healthy and maximises approval chances.
Consider balance transfer
If rates fall after you take a loan, switching to a cheaper lender can reduce your total outflow.
Watch for hidden fees
Lenders charge 0.5–2% processing fee plus GST. Factor all fees when comparing across banks.
Pre-Loan Application Checklist
Tick off each step before applying — it improves approval chances and helps you get the best rate.