Loans Calculators
Loan calculators show the true cost of borrowing: the monthly EMI, the total interest across the tenure, the month-by-month split of principal and interest, and how much a prepayment would save you.
Monthly EMI, total interest and total repayment on a loan.
Loan Interest CalculatorTotal interest you will pay over the life of a loan.
Loan Amortization CalculatorFull month-by-month schedule of principal and interest.
Prepayment CalculatorInterest and time saved by prepaying part of your loan.
Which calculator do you need?
| If you are asking… | Use this |
|---|---|
| What will my monthly EMI be? | EMI Calculator |
| How much interest will this loan cost in total? | Loan Interest Calculator |
| Where does each payment actually go? | Loan Amortization Calculator |
| What would paying extra save me? | Prepayment Calculator |
The EMI is not the number to optimise
Borrowers usually shop for the lowest monthly payment, but the EMI only tells you what fits this month's budget. On ₹10 lakh at 10%, a ten-year loan costs about ₹5.86 lakh in interest; stretching it to twenty years drops the EMI by roughly ₹3,500 a month and pushes the total interest past ₹13 lakh. The sensible rule is to borrow over the shortest tenure whose payment you could still manage in a bad month.
Why early payments barely dent the debt
Interest is charged each month on the balance still outstanding, and at the start you owe everything. On a ₹25 lakh home loan at 8.5%, the first EMI of ₹21,696 contains about ₹17,708 of interest and only ₹3,988 of actual repayment. That is not a trick — it is arithmetic — but it does mean the early years buy you very little equity, and it is exactly why prepaying early saves so much more than prepaying late.
What these calculators do not include
Processing fees, loan insurance bundled into the sanction, and rate resets on a floating loan. Ask your lender for the full repayment schedule in writing and compare it against the one produced here — small differences of a few rupees are normal.
Loans — common questions
Why is my bank's EMI slightly different?
Banks may round the EMI, charge processing fees, or start interest from a different date. Expect a small difference of a few rupees.
Should I reduce the EMI or the tenure when prepaying?
Keeping the EMI and cutting the tenure usually saves more interest. The Prepayment Calculator shows both.