Plan your home loan, car loan, or personal loan repayments instantly. See your EMI, total interest and full amortization schedule — with clear charts.
Six powerful calculators in one place — all your numbers update live as you type.
Enter up to 3 loan options and we'll highlight the cheapest one for you.
No sign-up, no spreadsheets — just clear answers in seconds.
Drag the sliders or type in your loan amount, interest rate and tenure. Everything updates live.
View your monthly EMI, total interest, charts and a full month-by-month amortization schedule.
Export the schedule as CSV or copy a clean summary to share with family or your lender.
Indicative rates and tenures to help you plan. Always confirm with your lender.
Common questions about EMIs and loan repayment.
EMI is calculated from three numbers — the loan amount (principal), the monthly interest rate, and the number of monthly instalments. The formula keeps your payment fixed, so early EMIs are interest-heavy and later EMIs are principal-heavy.
EMI = P × r × (1+r)n ÷ ((1+r)n − 1), where P is the principal, r is the monthly rate (annual rate ÷ 12 ÷ 100) and n is the number of months.
By default most lenders reduce your tenure and keep the EMI the same — this saves the most interest. You can request to lower the EMI instead, but you'll pay more interest overall.
Keep all your EMIs combined under 40–50% of your net monthly income. Lenders use FOIR (Fixed Obligations to Income Ratio) and usually prefer it below 50%.
A fixed rate locks your EMI for the whole tenure. A floating rate is linked to the repo rate, so your EMI or tenure can move up or down when the RBI changes rates.
You'll typically face a late fee plus penal interest, and the missed payment is reported to credit bureaus — repeated misses lower your credit score and make future loans costlier.
Pick a shorter tenure, make periodic prepayments (especially early), negotiate a lower rate, or refinance to a cheaper lender. Even one extra EMI a year cuts years off a home loan.
It's a very close estimate. Real EMIs can vary slightly due to processing fees, GST, insurance, the exact day-count convention, and rounding by your lender.
CalcFin is a free, privacy-first toolkit for understanding loans. We don't sell leads or store your data — every calculation runs right inside your browser. Whether you're buying your first home, a new car, or planning investments, our calculators help you borrow smarter.