Free tool · 🏦 EMI calculator
EMI, interest,and what prepaying saves.
Home loan at 8.5%, car at 9.5%, business loan at 14% — the real cost over the full tenure, and the one number banks do not show: how much a small extra payment saves.
Reducing-balance method as used by Indian banks. Floating rates change the EMI or tenure over time; this shows the current rate held constant.
What it checks
Everything we would look at first on a client call.
Free, no sign-up, no email gate. If the report shows red, the fix is written next to it — and we are one click away if you would rather we did it.
- EMI, total interest, total payment, effective cost with fees
- Year-wise amortisation table
- Prepaymentmonths saved and interest saved
- Copy summary for comparison
FAQ
Common questions
Should I prepay or invest?
If your loan rate is higher than what you can safely earn after tax (e.g. home loan 8.5% vs FD 6.5% post-tax ~4.5%), prepaying wins. Keep an emergency fund first.
Why does the bank quote a different EMI?
Rounding, processing fees added to principal, or a different compounding convention. Differences are usually under 1%.