Finance tool
EMI calculator
Enter loan amount, interest rate, and tenure — get monthly EMI, total payable, and total interest instantly. Rupees throughout.
Start with the free manual tool. If you want the real document view after that, analyze a statement PDF.
Free tool
EMI calculator — home, car, or personal loan
Choose your loan type (home, car, personal), enter loan amount, interest rate (% p.a.), and tenure in years. The calculator shows monthly EMI, total payable, and total interest instantly.
Loan inputs
Typical rates as of 2026: home loans 8.5-9.5%, car loans 9-11%, personal loans 10.5-18%.
₹45.00 lakh
Annual rate quoted by the bank.
Home loans up to 30 years; cars 5-7; personal 1-5.
20 years × 12 = 240 EMIs at 8.5% p.a. on ₹45.00 lakh principal.
Loan amount you borrow.
52% of total payable.
Principal + all interest over tenure.
Interest portion in first 12 months — mostly interest early on.
EMI = P × r × (1+r)^n / [(1+r)^n − 1]
P = principal · r = monthly rate (annual ÷ 12) · n = tenure in months
Natural next step
Check your actual eligibility first
Banks in India verify loan eligibility primarily from bank statements. Upload your statement and our analyzer shows salary credits, existing EMIs, and average monthly surplus — the numbers lenders actually check.
What it gives you
Fast enough for a first pass
Each tool is intentionally narrow. The job here is a clean estimate, not a fake replacement for a full statement analysis.
Home / car / personal presets
Presets for home, car, and personal loan with realistic 2026 Indian rates. Toggle in one click.
Standard formula
Uses standard reducing-balance EMI formula — matches what your bank's amortization schedule shows.
Year-1 interest breakdown
Shows year-1 interest so you see how much of your early EMI is interest vs principal.
When it's useful
Standard EMI calculator for home, car, and personal loans in India. Uses the classic reducing-balance EMI formula.
Home loan shoppers in India
Compare EMI across banks' quoted rates before signing. A 0.25% difference on a ₹50 lakh 20-year loan is ~₹85,000 in total interest.
Car loan buyers
Dealers push 5-7 year tenures to keep monthly EMI low. Run the math here first — often shorter tenure saves a lot of total interest.
Personal loan applicants
Personal loan rates vary 10.5-18%. Even small rate differences matter when tenure is short. Run the calc before accepting a bank's offer.
People considering prepayment
Check the difference in total interest between your current tenure and a shorter tenure — motivation for prepayment comes from seeing the numbers.
Deeper context
Home loan EMI in India — what to compare
Three things matter more than the advertised rate.
Processing fee
Typically 0.25-1% of the loan amount. On a ₹75 lakh loan, that's ₹18,750-75,000 upfront. SBI is usually lower; private banks higher.
Repo-linked vs MCLR rate
Home loans are now mostly repo-rate-linked (RLLR) — directly tied to RBI's repo rate. Changes in repo rate pass to your EMI within 3 months. MCLR loans adjust more slowly. RLLR is usually cheaper when rates are falling.
Prepayment terms
Floating-rate home loans in India can't charge prepayment penalties by RBI rule. Fixed-rate loans can. If you plan to prepay, pick floating.
Deeper context
Common EMI mistakes
A few patterns that cost lakhs over the life of a loan.
Fixating on EMI, ignoring total interest
₹45,000/month for 20 years vs ₹38,000/month for 30 years feels like a win until you see the total interest: ₹58 lakh vs ₹92 lakh on a ₹50 lakh loan. Longer tenures are almost always a bad deal.
Not comparing effective rate across banks
Banks advertise headline rates but add processing fees, legal charges, and insurance bundled in. Compare APR (effective rate including all fees), not just headline.
Missing the step-up EMI option
Some banks offer step-up EMI where early payments are lower, increasing with salary growth. Good for young professionals but only if your salary growth is realistic.
FAQ