Calculate loan EMI live - home, car, personal, education, gold. Amortization, prepayment savings, processing fee, affordability check. Runs in your browser.
Who Uses EMI Calculator
EMI Calculator is the everyday tool for anyone planning a loan in India - first-time home buyers comparing 20-year vs 25-year tenures, car buyers checking whether a higher down-payment cuts the EMI enough to matter, students sizing up education-loan repayments, parents planning a marriage with a personal loan, and existing borrowers calculating prepayment impact before making a lump-sum payment. It's also useful for HR teams sanity-checking salary offers ("can this CTC service the home loan?") and for accountants modelling client cashflows.
EMI Calculator Features
- Indian-bank rate presets: Tap Home, Car, Personal, Education, or Gold to load realistic rate ranges and typical tenure for that loan type.
- Donut + yearly bars: Donut shows principal vs interest at a glance. Year-by-year bar chart visualises how the repayment shifts.
- Prepayment savings: Type a one-time lump-sum prepayment and see exactly how much interest you'd save over the life of the loan.
- Full amortization: Month-by-month breakdown of EMI, principal, interest, and remaining balance. Download the schedule as CSV.
How to Use EMI Calculator
Four steps. Updated for 2026 Indian bank rates.
- Pick a loan type: Tap Home / Car / Personal / Education / Gold for sensible defaults, or pick Custom for total control.
- Adjust the sliders: Tweak loan amount, interest rate, and tenure. Numbers update live - no submit button.
- Add prepayment + fee: (Optional) Add a one-time prepayment to see savings, and a processing-fee % to see the all-in cost.
- Download or share: Copy the summary, share the result, or export the full amortization table as CSV.
Frequently Asked Questions
How is EMI calculated?
Standard reducing-balance formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly rate (annual / 12 / 100), and n is tenure in months. The standard reducing-balance formula, so the EMI here should be close to your lender's quote for the same inputs.
Which loan-type presets are available?
Home Loan (6.5-12% p.a.), Car Loan (7-15%), Personal Loan (10-24%), Education Loan (6-14%), Gold Loan (7-18%), plus a Custom option that goes 1-36% with a 30-year tenure cap. Each preset loads sensible defaults so you don't have to guess where the slider should start.
Does prepayment really reduce my total interest?
Significantly. A ₹1 lakh prepayment on an ₹30L home loan at 8.5% over 20 years saves around ₹1.5L in total interest. The tool shows the exact saving live as you type the prepayment amount - so you can compare different prepayment sizes before committing.
What does the affordability check tell me?
A rule-of-thumb: banks typically recommend EMI ≤ 40-50% of monthly take-home. The tool flags a high-EMI warning above ₹50,000/month and shows the minimum monthly income at which the EMI is considered manageable (assumes 40% EMI-to-income ratio).
Why does the year-by-year chart shift colour?
In the early years of a loan, most of your EMI goes toward interest and a small slice toward principal. As the years pass, principal payments grow and interest shrinks. The bar visualises that shift - amber (principal) grows, red (interest) shrinks. Useful for understanding why prepayment EARLY in the loan saves the most.
Is the processing fee included in the total?
Yes. Pick a processing-fee percentage (0-2%) and the tool shows the one-time fee plus the "total cost of loan" (EMI × tenure + processing fee). Most Indian banks charge 0.5-2% as processing fee - the default of 1% is a reasonable starting point.
Can I download the schedule?
Yes. The full month-by-month amortization table (Month / EMI / Principal / Interest / Balance) downloads as a CSV file you can open in Excel or Google Sheets - useful for record-keeping or for comparing with the schedule your bank provides.
Is my loan data uploaded anywhere?
No. The maths runs in your browser and nothing you type is saved. When you copy the summary, a usage event records the loan type, the amount rounded to lakhs, the rate and the tenure. Refreshing the page wipes everything.
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