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Loan Calculator ProEMI & Savings

Know exactly what your loan really costs

Calculate your EMI, then find out what a part-payment actually saves you — in rupees and in years. Compare lenders on total cost rather than headline rate, and take away a full month-by-month schedule.

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  • 🔒Runs in your browserNo data sent anywhere
  • 🇮🇳Built for IndiaLakh/crore, GST, RBI method
  • ⚡Instant resultsNo sign-up, no email
  • 📊Full scheduleEvery instalment, exportable

Monthly EMI

₹43,391

for 20 yr · last instalment Sep 2046

Total Interest

₹54,13,879

₹1.08 interest per ₹1 borrowed

Fees + GST

₹29,500

Deducted upfront by the lender

Total Repayment

₹1,04,13,879

Principal + interest over the full term

Total Cost of Loan

₹1,04,43,379

Everything you pay, fees included

Where your money goes

Total repayment₹1.04 Cr
  • Principal47.9%
  • Interest51.8%
  • Fees + GST0.3%

Amortisation Schedule

240 instalments · every rupee accounted for

PeriodPaymentPrincipalInterestBalancePaid
2026(3 mo)₹1,30,173₹24,093₹1,06,080₹49,75,9070%
Oct 2026₹43,391₹7,974₹35,417₹49,92,0260.2%
Nov 2026₹43,391₹8,031₹35,360₹49,83,9950.3%
Dec 2026₹43,391₹8,088₹35,303₹49,75,9070.5%
2027(12 mo)₹5,20,694₹1,01,641₹4,19,053₹48,74,2663%
2028(12 mo)₹5,20,694₹1,10,625₹4,10,069₹47,63,6405%
2029(12 mo)₹5,20,694₹1,20,404₹4,00,290₹46,43,2377%
2030(12 mo)₹5,20,694₹1,31,046₹3,89,648₹45,12,19110%
2031(12 mo)₹5,20,694₹1,42,629₹3,78,065₹43,69,56113%
2032(12 mo)₹5,20,694₹1,55,237₹3,65,457₹42,14,32516%
2033(12 mo)₹5,20,694₹1,68,958₹3,51,736₹40,45,36719%
2034(12 mo)₹5,20,694₹1,83,892₹3,36,802₹38,61,47523%
2035(12 mo)₹5,20,694₹2,00,147₹3,20,547₹36,61,32827%
2036(12 mo)₹5,20,694₹2,17,838₹3,02,856₹34,43,49031%
2037(12 mo)₹5,20,694₹2,37,093₹2,83,601₹32,06,39736%
2038(12 mo)₹5,20,694₹2,58,050₹2,62,644₹29,48,34741%
2039(12 mo)₹5,20,694₹2,80,859₹2,39,835₹26,67,48947%
2040(12 mo)₹5,20,694₹3,05,684₹2,15,010₹23,61,80453%
2041(12 mo)₹5,20,694₹3,32,704₹1,87,990₹20,29,10059%
2042(12 mo)₹5,20,694₹3,62,112₹1,58,582₹16,66,98867%
2043(12 mo)₹5,20,694₹3,94,119₹1,26,575₹12,72,86975%
2044(12 mo)₹5,20,694₹4,28,956₹91,738₹8,43,91383%
2045(12 mo)₹5,20,694₹4,66,872₹53,822₹3,77,04192%
2046(9 mo)₹3,90,520₹3,77,041₹13,479₹0100%

Monthly EMI

₹43,391

Total interest

₹54.1 L

Why Loan Calculator Pro

Built for the questions other calculators ignore

Most EMI tools stop at the monthly instalment. The decisions that actually save money — when to prepay, what the bank should do with it, and which lender is genuinely cheaper — need more than that.

🎯

Part payments, modelled properly

Add as many lump sums as you like, plus a standing extra payment, and see the exact rupee saving. Most calculators allow one prepayment; real borrowers make several.

⚖️

Tenure vs EMI, side by side

The same ₹5 lakh saves wildly different amounts depending on what the bank does with it. Switch between cutting the term and cutting the instalment and watch both numbers move.

🏦

Four lenders at once

Compare up to four offers ranked by total outflow — not headline rate. A lower rate with a fatter processing fee is often the more expensive loan, and this makes that obvious.

🧾

Fees and GST counted in

Processing fee plus 18% GST is folded into a Total Cost of Loan figure, so you are comparing what actually leaves your account rather than an advertised rate.

📅

A schedule you can actually read

Real calendar months, collapsible by year, with the principal-interest split for every instalment. Export to CSV for your own spreadsheet, or print a clean PDF.

🔒

Nothing leaves your browser

Every calculation runs on your device. Your loan amount, salary and rates are never transmitted or stored — there is no account to create and no cookie to accept.

Calculators

A calculator tuned to your loan

Each one starts with sensible defaults for that product — realistic amounts, rate bands and maximum tenures — so you are not fighting the sliders before you begin.

🏠

Home Loan EMI

Up to ₹10.0 Cr · 30 yrs

Work out the EMI on a housing loan, see exactly how much of every instalment is interest, and find out what a single part-payment does to your 20-year tenure.

Typical rate from 8.5%Calculate
🚗

Car Loan EMI

Up to ₹2.0 Cr · 8 yrs

Price up a new or used car loan, including processing fee and GST, and see the true on-road cost of financing rather than just the sticker EMI.

Typical rate from 9.2%Calculate
👤

Personal Loan EMI

Up to ₹50.0 L · 7 yrs

Personal loans carry the widest rate spread of any product in India. Compare offers properly — including the processing fee — before you sign.

Typical rate from 12.5%Calculate
💼

Business Loan EMI

Up to ₹10.0 Cr · 15 yrs

Model working-capital and term-loan repayments, then check the cash-flow impact of clearing the balance early with a lump sum.

Typical rate from 14%Calculate
🎓

Education Loan EMI

Up to ₹2.0 Cr · 15 yrs

Plan study-loan repayments from the first salary onward and see how much a modest yearly prepayment shortens the term.

Typical rate from 10.5%Calculate
🥇

Gold Loan EMI

Up to ₹50.0 L · 5 yrs

Short-tenure gold loans move fast. Check the instalment and the total interest before you pledge.

Typical rate from 11%Calculate
The maths

How your EMI is actually calculated

Indian lenders use the reducing-balance method. Interest each month is charged only on what you still owe, so the interest share of every instalment falls as the balance drops.

EMI = P × r × (1+r)n ÷ ((1+r)n − 1)

P
Principal borrowed
r
Monthly rate (annual ÷ 12 ÷ 100)
n
Number of instalments

The consequence is the part most borrowers miss: on a ₹50 lakh 20-year loan at 8.5%, 81% of your first year’s payments are interest, and principal does not overtake interest within a single EMI until month 143. That is why a lump sum in year two is worth roughly three and a half times the same amount in year twelve — and why the year-by-year chart above is worth a look before you decide when to prepay.

Where a ₹50,00,000 home loan at 8.5% for 20 years goes

You borrow₹50,00,000
You repay in interest₹54,13,879
Monthly EMI₹43,391
Total repayment₹1,04,13,879

Add a single ₹5,00,000 part-payment in month 24 and cut the tenure: you finish 3 years 9 months early and avoid ₹14,57,301 in interest.

Figures produced by this calculator on the inputs shown — change them above to model your own loan.

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Bank interest rates, all in one table

Current rate bands, processing fees and maximum tenures across public banks, private banks, housing finance companies and NBFCs — each row dated and linked to the lender’s own published page, so you can verify before you act.

Home Loan ratesCar Loan ratesPersonal Loan ratesBusiness Loan rates
See all lenders
⚖️

Compare four lenders at once

Enter each offer with its own amount, rate, tenure, processing fee and prepayment plan. The comparison ranks them by total money out of your pocket and shows exactly how much extra the runner-up costs you.

  • Ranked by total cost, not headline rate
  • Processing fee and GST included in the ranking
  • Side-by-side EMI, interest and payoff date
  • Export the whole comparison to CSV
Open the comparison tool
Questions

Frequently asked questions

The questions we get asked most about EMIs, part-payments and comparing lenders.

EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the principal, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the number of monthly instalments. This is the reducing-balance method every Indian lender uses: interest each month is charged only on the balance still outstanding, so the interest portion of your EMI shrinks and the principal portion grows as the loan runs down.

Reducing the tenure almost always saves more money, because you stop paying interest sooner. Reducing the EMI keeps you paying for the original term and only lowers the monthly outgo. Choose tenure reduction if your cash flow is comfortable and you want the maximum interest saving; choose EMI reduction if your monthly budget is tight and breathing room matters more than the total saved. The calculator shows both outcomes side by side.

Yes, substantially. Interest is charged on the outstanding balance, so a rupee repaid in year 2 avoids interest for the remaining 18 years, while the same rupee in year 15 avoids only five years of it. On a typical 20-year home loan, a lump sum in year 2 can save several times what the identical amount saves in year 12.

Yes. The calculator applies your processing fee as a percentage of the sanctioned amount, adds GST on that fee (18% is the standard rate on financial services in India), and reports a Total Cost of Loan that includes both. This matters when comparing lenders: a bank offering a rate 0.1% lower but charging double the processing fee can easily be the more expensive option on a short tenure.

Yes. The comparison tool takes up to four lenders with independent amounts, rates, tenures, processing fees and part-payment plans, then ranks them by total outflow rather than by headline rate — which is the only comparison that reflects fees honestly. You can prefill the rates from our bank interest rates table.

Every calculation runs entirely in your browser. Loan amounts, rates and tenures are never transmitted to our servers or stored anywhere. We record anonymous page-view counts to understand which tools get used, using a random session identifier that is discarded when you close the tab and a one-way hash of your IP address — never the address itself, and never a tracking cookie. Visitors sending a Do Not Track signal are excluded entirely.

Every rate row carries the date it was recorded and a link to the lender's own published page. Rates in India change frequently — floating rates move with repo-linked benchmarks, and the rate you are actually offered depends on your credit score, income, loan-to-value ratio and existing relationship with the bank. Always confirm on the lender's website or in writing before acting on any figure.

No. Loan Calculator Pro is a calculation tool, not a lender, broker or financial adviser. It shows you the arithmetic of a loan on the numbers you enter. Whether a particular loan suits your circumstances is a decision for you, and if the amount is significant it is worth discussing with a qualified adviser. Your lender's sanction letter is the only authoritative statement of your EMI, interest and charges.

Something missing, or a number that looks wrong?

This calculator is built from what people actually ask for. Tell us what would make it more useful — every message is read.

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