EMI Calculator

Advanced EMI Calculator

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Advanced EMI Calculator

Calculate your loan EMI, interest and payment schedule

Advanced EMI Calculator

Our powerful EMI calculator helps you plan your loan repayments with precision. Calculate monthly installments, total interest, and payment schedule for home loans, car loans, personal loans, and more. Compare different scenarios to make informed decisions.

How to use this tool:

  1. Click "Get Started" to begin
  2. Enter your loan amount and interest rate
  3. Set your loan tenure in years or months
  4. Enter processing fees (if any)
  5. Choose between reducing balance or flat interest method
  6. Optionally add prepayment scenarios
  7. View detailed payment schedule and charts
  8. Download your results as PDF, Excel or Image

Minimum 5,000, maximum 5,000,0000 (5 Crore)

Typical rates: Home loans 7-9%, Personal loans 10-18%

Longer tenure reduces EMI but increases total interest

One-time fees charged by the lender

Reducing balance is standard for most loans

Add prepayment scenarios to calculation
EMI Before & After Prepayment
Before Month 12
0
After Month 12
0
Monthly EMI
0
Fixed monthly payment
Total Interest
0
Interest paid over loan term
Payment Breakdown
0
Total Payment
0
Principal Amount
0%
Interest Percentage
Prepayment Breakdown
Before Month 12
0
After Month 12
0
Loan Summary Show Details
Loan Amount 0
Processing Fees 0
Interest Rate 0%
Loan Tenure 0 years
Interest Method Reducing Balance
Prepayment None
EMI Amount 0
Total Interest 0
Effective Rate 0%
Total Payment 0
Payment Schedule Hide Details
Month Opening Balance EMI Principal Interest Prepayment Closing Balance
Download Results
Save your EMI calculation results for future reference
Advanced EMI Calculator • Generated on July 5, 2025
00:00:00 Ready to calculate EMI

Key Features of EMI Calculator

Dual Interest Calculation Methods:

  • Reducing Balance (most common for mortgages)
  • Flat Rate (common for personal loans)

Prepayment Scenarios:

  • One-time, monthly, or yearly prepayment options
  • Choose between reducing EMI or reducing tenure

Detailed Payment Schedule:

  • Month-by-month breakdown of principal and interest
  • Visual charts showing payment composition

Multiple Download Options:

  • PDF, Excel, and Image reports
  • Shareable formats for financial advisors

Processing Fee Calculations:

  • Fixed amount or percentage-based fees
  • Included in total cost calculations

How to Use the EMI Calculator: Step-by-Step Process

Step 1: Enter Loan Details

Start by inputting your loan amount using either the slider or direct input. Our tool accommodates loans from ₹5,000 to ₹5 crore (50 million).

Step 2: Set Interest Rate

Adjust the interest rate slider or type your exact rate. The tool automatically converts annual rates to monthly figures for calculation.

Step 3: Choose Loan Tenure

Select your repayment period in years or months. Watch how changing the tenure affects your EMI in real-time.

Step 4: Add Processing Fees

Include any lender fees - either as a fixed amount or percentage of the loan.

Step 5: Explore Prepayment Options (Optional)

Activate the prepayment feature to see how making extra payments affects your loan:

  • Choose prepayment amount and frequency
  • Select whether to reduce EMI or loan tenure
  • Set when prepayments begin

Step 6: View Comprehensive Results

The tool generates:

  • Monthly EMI amount
  • Total interest payable
  • Payment breakdown (principal vs interest)
  • Amortization schedule
  • Visual charts

Frequently Asked Question (FAQs)

How accurate are the calculations?

Our tool uses standard financial formulas with precision to 8 decimal places. Results match bank calculations when using the same parameters.

Can I calculate loans in foreign currencies?

While amounts display in ₹, you can use the tool with any currency by mentally substituting the symbol.

Why do my bank's numbers differ slightly?

Some banks use slightly different rounding methods or calculation frequencies. Our tool shows unrounded calculations for maximum accuracy.

How often should I revisit my calculations?

We recommend recalculating whenever:

  • Interest rates change
  • Your income situation changes
  • You're considering prepayment

Is my data saved or shared?

All calculations happen in your browser. We don't store or transmit any of your financial data.

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