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US mortgages (PITI & PMI), home loans, personal loans, EMI schedules, and prepayments.
Calculate your equated monthly installment (EMI) and total interest for any loan in India.
Calculate Home Loan EMI, interest repayment, and tax deduction under Section 24(b) & 80C.
Calculate personal loan monthly EMIs and interest payouts across top Indian banks.
Calculate monthly installments and total interest on new or used car financing.
Calculate monthly EMI and interest for two-wheeler and motorcycle loans.
Calculate study loan EMI for India & abroad with Section 80E tax deduction benefits.
Find out the maximum loan amount you can qualify for based on your salary and existing EMIs.
Calculate how making part-payments reduces your loan tenure and saves lakhs in interest.
Calculate EMI, working capital repayments, and interest for MSME & Commercial Business Loans.
Calculate monthly interest payments and per-gram gold loan loan-to-value (LTV) estimates.
Calculate full monthly mortgage payments including Principal, Interest, Property Taxes, Home Insurance, and PMI.
Calculate Canadian monthly mortgage payments with semi-annual compounding, CMHC default insurance, and Bank of Canada stress test.
In India, scheduled commercial banks and NBFCs compute EMI using the standardized reducing balance formula: E = P × r × (1 + r)^n / ((1 + r)^n - 1), where P is principal, r is monthly interest rate, and n is total months. Interest is assessed strictly on the unpaid balance.
Fixed rate loans maintain an unvarying interest rate throughout the tenure, whereas floating rate loans fluctuate automatically with RBI repo rate revisions via bank External Benchmark Linked Rates (EBLR/RLLR).
Borrowers typically have the option to reduce either their loan tenure or their monthly EMI. Reducing tenure yields significantly higher cumulative interest savings over the life of the loan.
Indian lenders generally mandate a FOIR between 40% and 50% of net monthly income, ensuring your total combined monthly debt payments leave adequate cash flow for essential living expenses.