Loan & EMI Calculators
Calculate EMIs, check loan eligibility, and plan prepayments. Make informed borrowing decisions with accurate calculations.
6 calculators available
Home Loan EMI Calculator
Calculate monthly EMI for home loans with stamp duty, registration charges, and complete cost breakdown.
Mortgage Loan EMI Calculator
Calculate EMI for Loan Against Property (LAP). Compare with home loan and understand the differences.
Auto Loan EMI Calculator
Calculate car loan EMI with down payment options. See total interest payable over the loan tenure.
Home Loan Prepayment Calculator
Compare prepaying your loan vs investing the extra money. See which option saves more in the long run.
Home Loan Eligibility Calculator
Check how much home loan you can get based on your income, existing EMIs, and FOIR ratio.
Auto Loan Eligibility Calculator
Find out the maximum car loan you qualify for based on your salary and financial obligations.
Understanding Loan Calculators
Loan calculators help you plan your borrowing by showing exact EMI amounts, total interest payable, and loan eligibility. Whether you're buying a home, car, or need funds against property, these tools give you clarity before approaching a bank.
Types of Loans Covered
- Home Loan: For purchasing residential property. Lowest interest rates (8-9%), longest tenure (up to 30 years)
- Mortgage/LAP: Loan against existing property. Higher rates than home loan but flexible usage
- Auto Loan: For new and used cars. Tenure typically 1-7 years
Key Factors Affecting Your EMI
| Factor | Impact on EMI |
|---|---|
| Loan Amount | Higher amount = Higher EMI |
| Interest Rate | Higher rate = Higher EMI & total interest |
| Tenure | Longer tenure = Lower EMI but higher total interest |
| Down Payment | Higher down payment = Lower loan amount & EMI |
Frequently Asked Questions
How is home loan EMI calculated?
Home loan EMI uses the reducing balance method with the formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1). Our calculator handles this automatically and shows the complete amortization schedule with principal and interest breakdown for each month.
What is FOIR and how does it affect loan eligibility?
FOIR (Fixed Obligations to Income Ratio) is the percentage of your income going towards EMIs and fixed payments. Banks typically allow 50-60% FOIR. For example, if your income is ₹1 lakh/month and existing EMIs are ₹20,000, your FOIR is 20%, leaving room for additional ₹30,000-40,000 EMI.
Should I prepay my home loan or invest the money?
Compare your loan interest rate with expected investment returns. If your home loan is at 8.5% and you can earn 12% from equity, investing might be better mathematically. However, loan prepayment offers guaranteed, risk-free savings. Use our Prepayment Calculator to see exact numbers.