Loan Calculators
Free, accurate calculators for every Indian loan — EMI, eligibility, prepayment, balance transfer.
Whether you're shopping for a home loan, comparing personal loan offers, or wondering if it's worth prepaying your existing loan, these calculators do the math instantly. Every result uses the standard reducing-balance EMI formula banks actually apply, with full month-by-month amortisation visible.
Start with the EMI Calculator for a quick payment estimate, then cross-check with Loan Eligibility to confirm what banks would actually sanction at your income. Before signing any flat-rate offer (common in dealer financing), run it through Flat vs Reducing to see the real cost.
Calculators in this category
Standard EMI formula for any loan, with full amortisation schedule.
Open →Property value, down payment, LTV ratio and processing fee included.
Open →On-road price with RTO, insurance and ex-showroom breakdown.
Open →Effective APR including processing fee, accurate to the rupee.
Open →Maximum loan based on income, FOIR and existing EMIs.
Open →Interest saved and tenure cut from any prepayment.
Open →Months needed to clear a loan at a chosen EMI.
Open →True reducing-balance rate behind any flat-rate offer.
Open →Cost-benefit of switching lenders, with breakeven month.
Open →How loan EMIs are calculated in India
Indian banks use the reducing-balance EMI formula: EMI = [P × r × (1+r)n] / [(1+r)n − 1], where P is principal, r is the monthly interest rate, and n is the tenure in months. Each EMI splits into an interest component (calculated on the outstanding balance) and a principal component. Early EMIs are mostly interest; later EMIs are mostly principal.
The single biggest factor in total interest cost is tenure, not rate. A 20-year home loan at 8.5% costs roughly twice as much in interest as a 10-year loan at the same rate. Run a prepayment calculation to see how much a single 1L prepayment in year 2 saves over the life of the loan — usually 3-4× the prepayment amount.
Choosing the right calculator
- Just want the EMI? Use the EMI Calculator with principal, rate, tenure.
- Buying property? Home Loan EMI handles down payment, LTV and processing fee.
- Buying a car? Car Loan EMI computes on-road price including RTO and insurance.
- Need an unsecured loan? Personal Loan EMI shows effective APR after processing fee.
- Planning a purchase? Loan Eligibility tells you the maximum bank will approve.
- Have surplus cash? Prepayment shows interest saved and months cut.
- Got a lower-rate offer? Balance Transfer computes net savings after switching cost.