— 100+ Free Calculators
100+ free online calculators for finance, loans, investments, health, and everyday life. Fast, accurate, and 100% free.
Use our free Loan Eligibility Calculator India to find how much loan you can get based on your income, existing EMIs, age and CIBIL score. Check home, car, personal and education loan eligibility with FOIR rules and compare all four loan types in one place.
Use our free Gold Loan Calculator India to find your loan eligibility from 18K, 22K and 24K gold as per RBI LTV rules. Choose Monthly EMI or Bullet Repayment, and check the processing fee, net disbursed amount, total interest and full repayment schedule.
Use our free Education Loan Calculator India to find your monthly EMI after the course and moratorium period. See the simple interest added during study, the processing fee, estimated Section 80E tax savings and a full repayment schedule with prepayment options.
Use our free Personal Loan Calculator India to find your monthly EMI, total interest and processing fee. Check the in-hand disbursed amount, the 30% affordability rule, full repayment schedule and prepayment savings.
Use our free Car Loan Calculator India to find your monthly EMI, total interest and loan amount after down payment. Check the 30% affordability rule, view the full repayment schedule and see how prepayments cut your interest.
Use our free Home Loan Calculator India to find your monthly EMI, total interest and loan amount after down payment. Add stamp duty, registration and processing fee to see the total cost of your home, and check how prepayments cut your interest.
Calculate your monthly EMI, total interest payable, real amortization schedule, and prepayment savings for Home, Car, Personal, or Education loans.
Loan Amount • Interest Rate • Tenure
Enter your loan details or choose a preset
to see results
View yearly or monthly breakdown
This schedule reflects the exact reducing-balance amortization of your loan principal and interest over time. Full months are scrollable below.
Detailed payment ledger
First calculate in the EMI tab to see the full amortization schedule here.
| # | Principal Paid | Interest Paid | Total Paid | Balance |
|---|
Simulate extra payments & savings
Configure your prepayment parameters and click
Calculate Savings
An EMI Calculator (Equated Monthly Installment Calculator) is an essential financial tool designed to help borrowers determine their exact monthly loan repayments instantly. Whether you are planning to purchase your dream home with a Home Loan, buy a vehicle with a Car Loan, fund higher education with an Education Loan, or manage immediate expenses through a Personal Loan, knowing your monthly outflow in advance prevents financial distress.
Manual calculations of loan amortization are complex and prone to human error because interest is calculated on the remaining reducing balance every month. This digital calculator automates the entire process, providing accurate breakdowns of principal, interest, year-wise schedules, and the financial impact of prepayments.
Banks and financial institutions across India calculate loan installments using the standard reducing-balance formula. Understanding this formula helps you see exactly how interest accumulates over your loan tenure.
Where each variable stands for:
Let us take a real-world scenario to understand how a loan amortizes over time:
Using the reducing-balance formula, your monthly EMI comes out to approximately ₹43,391. Over the course of 240 months, your total payment will be ₹1,04,13,840, out of which ₹54,13,840 goes strictly toward interest payments. The amortization schedule ensures that in the initial years, a major portion of your EMI goes toward interest, while in later years, more of it clears the principal balance.
Input your required borrowing amount using either the interactive range sliders or direct manual entry.
Input the annual percentage rate (APR) offered by conventional financial institutions or choose preset loan profiles.
Choose your preferred repayment duration in months or years to evaluate affordability.
Explore the Schedule and Prepayment tabs to simulate extra contributions and reduce your overall debt burden.
| Loan Category | Typical Interest Rate | Maximum Tenure | Primary Benefit |
|---|---|---|---|
| 🏠 Home Loan | 8.00% – 10.50% | 30 Years | Tax deductions under Section 24 & 80C |
| 🚗 Car Loan | 8.50% – 12.00% | 7 Years | Quick processing and asset financing |
| 💳 Personal Loan | 10.50% – 24.00% | 5 Years | Unsecured funding for emergency liquidity |
| 🎓 Education Loan | 8.00% – 13.00% | 15 Years | Moratorium period available during studies |
Use our free EMI Calculator India to find your monthly EMI, total interest and full amortization schedule for home, car, personal or education loans. Check how a one-time or monthly prepayment can cut your interest and loan tenure.