# EMI Calculator for Home Loan, Car Loan & Personal Loan in India

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24,959

34,90,279

#### Total Payment(Principal + Interest)

59,90,279

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## What is EMI?

Equated Monthly Installment – EMI for short – is the amount payable every month to the bank or any other financial institution until the loan amount is fully paid off. It consists of the interest on loan as well as part of the principal amount to be repaid. The sum of principal amount and interest is divided by the tenure, i.e., number of months, in which the loan has to be repaid. This amount has to be paid monthly. The interest component of the EMI would be larger during the initial months and gradually reduce with each payment. The exact percentage allocated towards payment of the principal depends on the interest rate. Even though your monthly EMI payment won’t change, the proportion of principal and interest components will change with time. With each successive payment, you’ll pay more towards the principal and less in interest.

Here’s the formula to calculate EMI:

where

E is EMI

P is Principal Loan Amount

r is rate of interest calculated on monthly basis. (i.e., r = Rate of Annual interest/12/100. If rate of interest is 10.5% per annum, then r = 10.5/12/100=0.00875)

n is loan term / tenure / duration in number of months

For example, if you borrow 10,00,000 from the bank at 10.5% annual interest for a period of 10 years (i.e., 120 months), then EMI = 10,00,000 * 0.00875 * (1 + 0.00875)120 / ((1 + 0.00875)120 – 1) = 13,493. i.e., you will have to pay 13,493 for 120 months to repay the entire loan amount. The total amount payable will be 13,493 * 120 = 16,19,220 that includes 6,19,220 as interest toward the loan.

Computing EMI for different combinations of principal loan amount, interest rates and loan term using the above EMI formula by hand is time consuming, complex and error prone. Our EMI calculator automates this calculation for you and gives you the result in a split second along with visual charts displaying payment schedule and the break-up of total payment.

## How to use EMI calculator?

With colourful charts and instant results, our EMI calculator is easy to use, intuitive to understand and is quick to perform. You can calculate EMI for home loan, car loan, personal loan, education loan or any other fully amortizing loan using this calculator.

Enter the following information in the EMI calculator:

• Principal loan amount you wish to avail (rupees)
• Loan term (months or years)
• Rate of interest (percentage)
• EMI in advance OR EMI in arrears (for car loan only)

Use the slider to adjust the values in the EMI calculator form. If you need to enter more precise values, you can type the values directly in the relevant boxes provided above. As soon as the values are changed using the slider (or hit the ‘tab’ key after entering the values directly in the input fields), EMI calculator will re-calculate your monthly payment (EMI) amount.

A pie chart depicting the break-up of total payment (i.e., total principal vs. total interest payable) is also displayed. It displays the percentage of total interest versus principal amount in the sum total of all payments made against the loan. The payment schedule table showing payments made every month / year for the entire loan duration is displayed along with a chart showing interest and principal components paid each year. A portion of each payment is for the interest while the remaining amount is applied towards the principal balance. During initial loan period, a large portion of each payment is devoted to interest. With passage of time, larger portions pay down the principal. The payment schedule also shows the intermediate outstanding balance for each year which will be carried over to the next year.

## Floating Rate EMI Calculation

We suggest that you calculate floating / variable rate EMI by taking into consideration two opposite scenarios, i.e., optimistic (deflationary) and pessimistic (inflationary) scenario. Loan amount and loan tenure, two components required to calculate the EMI are under your control; i.e., you are going to decide how much loan you have to borrow and how long your loan tenure should be. But interest rate is decided by the banks & HFCs based on rates and policies set by RBI. As a borrower, you should consider the two extreme possibilities of increase and decrease in the rate of interest and calculate how much would be your EMI under these two conditions. Such calculation will help you decide how much EMI is affordable, how long your loan tenure should be and how much you should borrow.

Optimistic (deflationary) scenario: Assume that the rate of interest comes down by 1% – 3% from the present rate. Consider this situation and calculate your EMI. In this situation, your EMI will come down or you may opt to shorten the loan tenure. Ex: If you avail home loan to purchase a house as an investment, then optimistic scenario enables you to compare this with other investment opportunities.

Pessimistic (inflationary) scenario: In the same way, assume that the rate of interest is hiked by 1% – 3%. Is it possible for you to continue to pay the EMI without much struggle? Even a 2% increase in rate of interest can result in significant rise in your monthly payment for the entire loan tenure.

Such calculation helps you to plan for such future possibilities. When you take a loan, you are making a financial commitment for next few months, years or decades. So consider the best as well as worst cases…and be ready for both. In short, hope for the best but be prepared for the worst!

If you liked the EMI Calculator, please consider sharing it with your friends & family using the social sharing buttons. If you have further suggestions / questions OR wish to report any errors, please leave a comment below.

• Balaji Aiyyankar

it is a superb tool, hardly takes any time, in a jiffy! fantastic!

• Swetha

Sooper cool. Providing more details. Better than that of many bank websites in India.

• http://www.facebook.com/ats.handsome Ats Hansen

excellent…!!!

• MANOJ KUMAR

EXCELLENT

• harish

I wanted one with months and got it :), else had to do lot of calculations in excel using the formula

• Parvinder Bhagat

Itz a great tool…Very helpful ! Thanks !

• http://www.facebook.com/basil.joseph.50 Basil Joseph

great work…thanks

• Sohil

Thanks and nice work

• VIVEK SARAOGI

ITS REALLY VERY GREAT

• yogesh tikle

very easy

Superb ..Thanks

• Shailendra

Its a helping tool for those who are poor on maths or cant dig in for sake of time ….

• http://www.facebook.com/srinivasarao.karanam Srinivasa Rao Karanam

VERY BADLY NEEDED IT THANKS

• Laxman

Great!!!

• http://www.facebook.com/suresh.mittapelly Suresh Mittapelli

ITS REALLY VERY FANTSTIC…

• http://www.facebook.com/Awp.Harsh Awp Harsh

awesome app

• Deepak

awsome tool…. its like a NMS tool network monitoring tool..i like it <3

• mayank

I am planning to take a home loan and my property is not financed by SBI, so which other bank do you suggest.

• sreenivasa

Only few will have the will to serve by some means. Effort & your time is highly appreciated.

• srinivas

• Arun

Hi excellent work. It would be nicer if you can add options for calculating remaining payable amount after a bulk pay , say after ‘n’ number of months

• http://emicalculator.net/ Poornima@EMICalculator

Thanks for the suggestion…will try to see how we can address this. Maybe adding a monthly EMI payment schedule will help.

I like it thanks

• Mahesh

V good

• Harsh

Great work, Thanks alot. It would be more helpful if prepayment adjustment can be made in calculator. Many banks now a days are providing overdraft accounts (interest saver on excess funds in account).

• http://emicalculator.net/ Poornima@EMICalculator

Can you please explain what you mean by prepayment adjustment in the calculator? Are you saying that you want to estimate your EMI after making a partial prepayment on your existing loan?

• krrish

how much of rate of interest is equal to 1 rupee

• http://emicalculator.net/ Poornima@EMICalculator
• disqus_Z2kBVVD4HH

Great!!! But can you make it to monthly breakup calculation also.

• http://emicalculator.net/ Poornima@EMICalculator

We will add this shortly.

• disqus_UsnJu2CBvN

perfect

• biswajit singh

innovative and user friendly, thanks

• Vijayakrishnan Krishnan

Awesome tool. Good work. Especially on the usability part.

• chandan

good..

• chandan

• Srinivas Thokala

Excellent

• Ashok D

simply superb

• Hansraj

Best

• BalaMurugan Rajapandi

It is really good and more useful to find the EMI. One way it needs to be improved, which is based on Monthly payment I want to get the No. of years/months.

• http://emicalculator.net/ Poornima@EMICalculator

We are working on this feature and monthly payment schedule will be available in a few days.

• ravi

its grate appl’n …..superb….

• hardik

nice app. thanks

• Sangappan S

simple and excellent

• Ram Induri

I used the website lot of times.. Thanks

excellent

• Shashi

Really great work. :):)

• satya

one of the best emi calculators and emi calculator.

• ganesh

in this calculations are for compound interest, what about emi with simple interest?

• Rohit Singh

Would anybody tell me the difference between diminishing and flat rate?

• http://emicalculator.net/ Poornima@EMICalculator

Flat rate and reducing rate are two different methods of calculating interest on loans. In flat rate, interest is calculated on the full amount borrowed for the entire loan tenure irrespective of monthly payments. For example, you borrow Rs. 10,00,000 for 5 years and the interest rate is 10%. Then in the flat rate method, the interest payable will be Rs. 5,00,000. Every year you have to pay Rs. 2,00,000 (principal amount) + Rs. 1,00,000 (interest 10% of 10,00,000) = Rs. 3,00,000. So you will end up with paying principal amount Rs. 10,00,000 + interest Rs. 5,00,000 = Rs. 15,00,000.

In reducing balance method the interest is calculated on outstanding amount and not on the entire amount borrowed. For the above example, if the interest is calculated in yearly reducing balance method then the interest payable will be Rs. 3,00,000. So, first year you have to pay Rs.2,00,000 (principal amount) + Rs. 1,00,000 = Rs. 3,00,000. In the second year, Rs. 2,00,000 (principal amount) + Rs. (10% on remaining Rs.8,00,000 for the remaining 4 years) = Rs.80,000. In the third year Rs.2,00,000 + Rs. (10% on remaining Rs.6,00,000 for the remaining 3 years) = Rs. 60,000. In the fourth year Rs. 2,00,000 + Rs. (10% on remaining Rs.4,00,000 for the remaining 2 years) = Rs. 40,000. In the fifth year Rs. 2,00,000 + Rs. (10% on remaining Rs.2,00,000 for the remaining 1 years) = Rs. 20,000. Here, the calculation is done using yearly reducing balance method. However, while paying EMI you pay a portion of your loan every month to the bank. Therefore, lenders calculate the interest using monthly reducing balance method. In this method, every month the interest is recalculated on outstanding amount, which is even more beneficial to you.

Thus, to you as a borrower reducing interest rate is beneficial and proves to be lot cheaper that flat interest rate. Reducing / diminishing rate is also referred to as effective interest rate.

• Raffic

This gives a very clear picture of the loan repayment and interest we are going to pay in nushel. If any bulk payment in the tenure can be added to the calculator will be of much use. Raffic

• SYAM PRASAD E

VERY EASY ,VERY NICE, EVEN SCOOL BOY ALSO EASILY UNDERSTAND

• SYAM PRASAD E

WHAT IS THE DIFFERENCE ADVANCE E M I OR ARRIORS EMI? CAN ANY BODY PLEASE

• Ruchi

Thank u so much…… this is fantastic……..

• Nitin

This is very useful …….. good job…….

• Raaz

Just perfect and easily understandable

• KAUSHIK MEHTA

SIR, THIS IS VERY SIMPLE TO UNDERSTAND, EXCELLENT WORK, CONGRATULATIONS.

• http://emicalculator.net/ Poornima@EMICalculator

Thank you for encouraging words.

• Vijay chauhan

Really great work. very useful to get details of emi.

Thank you very much.

• rahul

excellant

• Biju

amazing work….

• thamizhchelvan

excellent, thank you and God bless you.

• Shyam

Really very good updates and well facility of this EMI Calculators. But please keep link of your Classic EMI Calculator. Sometime It Needs.

• http://emicalculator.net/ Poornima@EMICalculator

Can you tell us which feature of the Classic EMI Calculator are you missing in this version?

• Shyam

The current version is really best. But some users may have already taken loan in previous years. So they want to know actual loan amount or remaining months.

• http://emicalculator.net/ Poornima@EMICalculator

You can change the payment schedule start date. Check the section starting with “Schedule showing EMI payments starting from”. You can choose the start month and year of the loan (including past month / year).

• Shyam

Oh yes!! Thanks. That’s Really Great.

• http://www.facebook.com/veeruprabhu2006 Veeru Prabhu

Shyam when you ask us to keep link of CLassic Emi you should always tell whats the best feature in it which is missing here. So that Emicalculater people can incorporate it in their web page. Personally i feel its the this web page is really the best.

• Pawana

Very handy tool

• tejas

simple to understand

• http://www.nucleation.in/ Nucleation

No words to say, this is the best online emi calculator. Inspired from this I developed a windows application of emi calculation. There are no graphs though. Check out the windows version at http://www.nucleation.in/emicalculator/

• dharmendra

Excellent job

• sivaraman

Lovely

• LAVANYA

GUD THX…

• veer

Ghanta

• http://emicalculator.net/ Poornima@EMICalculator

Good app. Worked in Windows 8, but didn’t run in Win XP. Currency symbol was \$ instead of ₹.

• http://www.nucleation.in/ Nucleation

@emicalculator:disqus : The application identifies the currency symbol automatically from your machine. May be you have set \$ as the default currency symbol.

• http://emicalculator.net/ Poornima@EMICalculator

Wow…cool. Didn’t realize that! Congrats on the great app.

• VJ

Good job [Thumbs Up]

I would suggest you can add up a section where all banks current interest rates for all kind of loans (House, Car, Personal, Business, Gold, Land etc) tabulated in proper format ( Make it trust-able values and regular updates ). This makes your site for sure destiny for us

• http://emicalculator.net/ Poornima@EMICalculator

This is laborious task but we are working on it. We will have this ready shortly.

• Jubak student

Please put FB link so we can like your GREAT , AWESOME work.

• Ramesh

great Calculator.. Useful…

• Ramesh

Thanks..!!!!

• Avik C

Simply superb..

• Abhishek

Nice work.. thanks

• GD

Great and Easy one – Suggestion : If possible add an option like send the final result to somebody through mail.

• http://emicalculator.net/ Poornima@EMICalculator

Thanks for the suggestion. We will look into this.

• Jayanthi

Excellent……

• vinsal

thank you very much

• kuldeep

really help full

• http://www.facebook.com/kumar.anand.35110 Kumar Anand

very nice.. maybe another option to check for 1 time advance payment also

• Girish

just brilliant, awesome information thank you very much.

• Innovis

The year-wise breakup which is given, would be more helpful if given in the Financial year format, rather than Calendar Year format. Just a thought. Think about it ..

• http://emicalculator.net/ Poornima@EMICalculator

Good suggestion…will think about it.

• Vasu Ravuri

Good Work, helped me nicely. Thanks for all your efforts.

• Kuldeep Singh

Thanks; fantastic work…

• Sumeet

You should allow saving the results in PDF or Excel Format. That would be of great use.

• Siva Bulusu

The calculator is showing all figures clearly. I appreciate the good work. It’s very useful.
However i observe that we are not able to calculate changes in schedule due to prepayment.
If this feature is also added the tool would be simply superb and even more useful.

• http://emicalculator.net/ Poornima@EMICalculator

Thanks for the kind words. We will add another calculator shortly to help assess changes due to prepayment.

• venkat

Excellent. Keep up the good work

• praveen

great work
i never thought some would provide all these information and easy calculation app
hates off…

keepup

• Manjunatha BR

Thank you.. Excellent EMI calculator tool…

• Abhilash

clean work!

• BOOB

THANKS….

• vish

can u explain hw to calculate per year i.e u generated a graph na ……hw to calculate those va;ues manualy

• Karesh

Great tool! Thanks a lot…

• Venkatesh

good calculator

• lovesh gupta

great calculator

• vicky

grt job…thanks a lot…

• Aravind

Very helpful EMI calculators
Thanks

• kaleeswaran

super!!!!!! thanks

Excellent one

• kkkijkj

good

• Bishnu Samal

great utility

• Ritu

• Josh

Quick and Accurate Calculator – Excellent Work. Thank You.

• sampatkumar

good job, excellent……..!!!!!

• SAYYEDAHMED CHOUDHARI

EXCELLENT METHOD I;VE LEARNT FROM U THANKU

• Shyam

Great… ! Thanks.

• Vikash Kumar

Wonderful job !!!!!!

It’s very helpful for all of us. Thank you so much.

very useful thing

• Raghu

Good Tool!

• abhishek

Great job… You have saved lots of time of many people….Thanq

• Varun Chopra

thanks for the information

• om

best emi cal

• S.P.Sundar

it is very useful to me ……thanks……!!

• Fazal

Great work. Thanks to the collective who have put efforts in making it.
Appreciate if calculation is made flexible to include the prepartial payment.

• pralay maity

It helps a lot. Thanks bro..

• Karan

Awesome tool

Super work. I put it in my favourites to help others if they need and for my own needs. Thanks again!

• siva

superb, very useful

• mahesh m

great tool,thank you

• santos

nicely xplained…

• IBRAHIM

THANKS VERY USEFUL WEBSIDE

• UMESH KUMAR

thanks

• narayan singh

woh very nice brillient calculator….

• balaje

awesome, good work and nice calculator

• Nitesh

Great Work

• Daisal

Thanks

This is really helpful

• sudhir

excellent ………………. !!!! thanks

• Peter

Its a great job… very nice….Great help too!!!

• Priyo Ghosh

Excellent

• yogesh. G

superb…

• Tejas

It is very good to know the hidden things from bank……

• Sunny

very useful !!!

• Murthi

• Ven KY

really a good tool

• Suresh Kumar . S

Superb, its very usefull….. thanks a lot ………………….

• laxman

good work thanks

• Harish Nagar

very precise and useful…

• Pramesh Kumar

Great Help Full thnx………

• star

E = P.r.(1+r)n/((1+r)n-1)

the above said formula is for calculating the emi. but if we dont the interest rate then what is the formula to calculate the same example herebelow ?

if EMI is 500.00 pm
principal is 10000.00
tenure is 24 months

then what is the formula to calculate interest rate ?

• SAPAN

THIS IS VERY EASY TO UNDERSTAND…………….

• ஹரிஹரன் பழனிசாமி

Gr8 work………….

• nitesh kumar

very useful and impressive

• sayed zaheer

wow … excellent great idea

• dr krishnanand

very usefull

• omprakash singh

grat calculator

• Vipin Manchan

its very clear..yaar maza aa gaya

Very good article …

• ashok mittal

excellent

• Shoib Khan

this is the best tool for EMI calculations..Thanks to developers!!!! its saved lots of time….

• kalai

superb

• Iqbal

Thanks..
Nice and Easy explainations…

• Bala

it’s good

• Veera Pallati

Excellent Tool.
Thanks

• Praveen Kumar

Excellent

• vineet khanna

it is excellent tool to calculate your liability and helps a lot in finanacial planning.

• Sriman

Awesome…Really good site

• Dr.Katari

very good…thank u so much

• Ram

efficient tool.thanks.

• Vipin Khatri

very smooth, user friendly, awesome graphics…I always use this site for all emi calculations

• Vipin

Yours is bakwas, anybody can do that. learn something from this site before posting.

• http://www.nucleation.in/ Nucleation

Yes Vipin, it might be easy to make. I am not a software
developer. I developed it to improve my knowledge. I commented about it here
because I developed it by the knowledge gained from this site. I shared it
because I thought it might be helpful to someone. It may be useless or bad, but
Moreover, it is a freeware tool. If you search on Google, you can find similar
shareware applications.
A humble request, the next time you comment, do not make
others feel bad. Thanks…

• kapalavai pavan

Easy to understand……..good work

• NK

Best , EMI Calculator ever seen

• Indian

Awesome tool! Very useful ..

It is really helpful, Execllent work….

• shreyas

incredible job…first time am able experience 100% advantage on WEB..
Good job highly appreciated!!!!

• Bhushan

Toooo Gooooood

• Parag Mandhane

Works as one wants it to work….Simple and easy
Great work guys

• http://emicalculator.net/ Poornima@EMICalculator

Thanks for the kudos

• abhishek agrawal

good work

• Bharat

Great work

• Praveen Goyal

excellent tool

• manjunath

really helpfull to plan according our target and budgets, before we process any loan, everyone should get benefitted, cheers

• Srikanth

very well done.. clear and simple..

• prasenjit sasmal

well done .this is a fantastic job.

• vivek

excellent tool

• http://emicalculator.net/ Poornima@EMICalculator

Your work is much appreciated. No need to feel bad about one adverse comment.

• http://www.nucleation.in/ Nucleation

Thanks for that support.

• shweta

is there anyone can ask me that how to calculate power ??

• Deccan World Travel

Outstanding EMI calculator, highly recommended

• SANTHOSH

REALLY THANKS FOR THE CREATORS..DONE A WONDER

FULL JOB……….

• Prabhakar

great work no words to say simply amazing

• Jagan D

This is very very useful and helpful,…………………….

• George

Thank you. Awesome work.

• VINI

EXCELLENT………..!!!! G8 THANKS

• Abhilash

Nice tool… Good work.. thanks

• Chetan Trivedi

too gud

• Yogesh

Best description I have read online… Great

• Prabhakar Palukuri

This is the best site I have come across on EMI calculations. No other site is matching this!!!!

• Shrinivas Soragavi

good one very helpful….

• chetan

good job, hats off

• Samir Patel

Excellent. Keep up the good work.

Thank you.. Really very helpfull…

• jaanu

It is really wonderful…. good job…..it will show perfectly how much need to pay very clearly…

extremely helpful and grt app…… i will suggest to provide this as an app in android systems also…..

• Guru

Hi cool tool great work ………..

• rahul

Amazing website very nice design thinking..lot of hard work gone into …. one suggestion if possible u can add one feature .. how does this calculation changes when we do a prepayment….it would be a great help…

• sen

great tool. It Rokz…

• Mohammed Thaqi

Great work.
But It would be helpful if we know how to calculate the interest and principal amount from an EMI for each month

• Chandra Sekar

very good tool

• atul lal

great

• Nilesh

thanks……great job

• Avinash

amazing work.. thanks

• karim

Very Clear and Great Effort

• Kiran IBM

Very nice and interesting…

• pranav

its awesome very very helpful…..thank you

• Kiran

awesome tool…good job guys!!!!

• Natarajan

Great work, Very helpful. Thanks

• Sagar

what is the partial pre-payment charges (SBI says no Pre-payment charges) for car-loan?

• http://emicalculator.net/ Poornima@EMICalculator

Sometimes banks allow partial pre-payment without any charges only after certain number of months have elapsed. It also depends on whether interest rate on your loan is fixed or floating. Please check with your bank regarding this.

• Vijay

Great work, Rupee symbol is not visible, it shows some box format like square box..

• Amarjeet Chavhan

Superb… Cool and user friendly UI.
Gr8 Job.

• Suresh

• V.CHANDRASEKARAN

• Mohan

it’s really very good.

• Amol

coooooolllll! Excellent

• Anshuman Pandey

Fantastic and so easy to use.. Thumps UP !!

• vikas patidar

best in the world…………to understand the emi concept…………….thanks to emicalculator

• Amar

Excellent calculation.. good for reference

• Jeetendra

• Pawan Sethi

Superb…
hope you can add more details in that like
In Hand loan=Loan applied – processing fee – stamp duty – taxes

• Rachit

Excellent work! Thanks for sharing….

• ARK

Great Job

• akash

awesome calculator

• jack

Thanks

• cmvelusamy

VERY GOOD CALCULATION. VERY USEFUL

• Mohan

super.. excellent job….
Request: Export to Excel Sheet or PDF.. So that we can have hardcopy … If we have the hardcopy that can verfiy with the bank people.. Those guys always put hidden charges. Hope it will helpfull lot..

• http://emicalculator.net/ Poornima@EMICalculator

You can print this page using “File => Print…” from the browser menu (Ctrl+P on Windows and ⌘P on Mac).

• swapnil

Good Job…..Thank You …..

• balaje

superb …great work ..simple and easy to understand…

• kruthi

good

• Dhaval

Is this calculator for SBI max gain as well?

• Naga

Very very Helpful…. Thanks

• Ravi Kumar V

Very informative thanks!!!

excellent tool

• Bharathi Durai Raj

Excellent

• kutty

good work thanks

• Rudra

Nice work with good amount of explaination..

• Francis

Very nice that every one can able to understand the percentage of calculation. GoooooD…

• Jiss Antony

Simply Explained….Thanks….

• chinna

we couldnot understand i know only ptr/100

• sesha

superb

• Loganathan

Very good tool to check the emi based on different options.. thanks to the developer

• mohan kumar

Good information

• Sachin Sonawane

Excellent EMI Calculator !!!

• Shekhar Hardas

Excellent Work. Even none of the front line bank sales employee couldn’t explain in such a lucid & convincing manor. If such a transparency reflect in all the dealings happens in India then the country will certainly grow faster than expected.

Many good wishes to Team EMI Calculator and its founder.

Shekhar Hardas

• Arun

good work poornima

good work guys ,it helps me lot

Nice Analysis, and Great Look with Graphical representation, Keep Devoloping …Thanks

• Mohit Choksi

how to calculate it for a simple interest

• San Dutt

A computation for 30L @10.5% for 8 years shows EMI 46320, while at actual it is 48530 as per respective bank. Why such difference?

• http://emicalculator.net/ Poornima@EMICalculator

You should definitely ask that question to your bank representative.

• Shiva Lanka

Good work…thanks

• Thirumal V

very nice program…. thanks a lot…

• Anil

very good

• Bobby

Outstanding

• Cbe Mahendar

Great tool, useful to forecast ourselves rather than depending
Bankers

• Mahendran

Great tool. Usefl to pridict ourselves rather than to discuss with Bankers

• Cbe Mahendar

Great tool, Useful to pridict ourselves rather than discuss with Bankers.

• T.A.SREENIVASA RAO

A VERY USEFUL ONE POINT SOURCE OF INFORMATION FOR ORDINARY LOAN SEEKERS.
I SINCERELY APPRECIATE YOUR WONDERFUL EFFORT. EMI CALCULATOR IS A GREAT
CONTRIBUTION

• raj kumar

marvellous calculator hard to find out on any other site, monthly bifurcation of principal and intrested will make it superduper hit………………..

• Allah Rakha

Brilliant work !! You have thought of just about everything that a loan aspirant would need. Not what is usually expected of Indians. I am very impressed !

Excellent………. nice to calculate grt job.

• Ram

Awesome! great tool

• Indra

Excellent Tool , Easy to check the details. will suggest the link to more colleagues

• http://emicalculator.net/ Poornima@EMICalculator

Thanks for spreading the word.

• sumit

• anil mathapati

i cant afford

• Atul

perfect tool … thanks

• shyam babu,t

easy to understand. thank you

• Vasu

Very detailed information…. Thanks

• Dinesh

superb

• Natarajan

Great thanks

• DINESH

very useful….good one

• vivek k

Thats great job, Thanks

• Henry

Too good…very helpful. Thanx

• Arunjib Roy

nice job

very helpful and informative

• Ramani

simply superb

• VIPUL

• vishal

nice too . really helpful

• Bharat

Nice calculator loan lene se pahle jarur use karo

• Irfan ali

Good job
Thanx…Lot

great work

• Sanjairaj Ramasamy

Good work. Thanks..

• santhosh

very useful thanks

• Ajee Kuamr

Its very useful tool.

• Shivakumar

This is an perfect tool to analyze, one who looking for above mentioned loan.
Great and easy to understand loan – how it works?

• RAM MOHAN

Is there in workings chart for Property mortgage loan, project loan, Business loan ?

• keshav

very useful, great thing

• PSK

Very good work. But I want to know on what basis does the bank fix the high interest portion (from the EMI paid) in the beginning of the loan tenure.

yes it really good and easy to understand

• Lijesh Nair

Amazing website. I hope all Banks currently lending money to Customers who boast of transparent procedures also make provisions for such clear information on their respective bank websites. At present banks literally hide lot of information, especially the balance principle amount.

• Sk Parbesh

Superb.

• srikanth

Very impressive and informative

• test

awesome tool!!!

• J S Jolly

I use this EMI Calculator, often. Simple and Beautiful.

Jolly

• a.c.srivastava

Thanks for providing this facility. Let me also know that how (1+r)n be calculated easily i.e. (1 + 0.00875)120

• anil go

most useful for planning

• BALAJI

it is very gud

• sagar

great application,
also try to make it for adroied mobile

• Sudharshan Reddy

Awesome…really help full!!! Thanks a ton

• Anil Kumar

Outstanding work

• alok

excellent tool

• ameer

thanks

Good Tool and Easy understand breakups of the paybacks !!

• Ram

Extremely Handy!! and extremely user friendly interface!! Thanks !!

• Ashok Kumar

Nice… Simple U

• gokul K

very usefull

• somay

Perfect and very helpful

• PRERAK DESAI

• RAG

Simply thrilled…………….great efforts by creator…..thank a lot.

• sujit

Excellent work!!

• Sushant

Good Work.. more simplified…

• vishal rajkotia

It is easy to use and show all info in single view

• HARI HARAN

This EMI Calculator is Efficient, Magnificent, Intelligent

• Florence

that was really helpful.. thanks!

• Chandru

Great site, very useful

• Joe

Could you please explain why Total Payment = Prinicipal + Interest??…..Isnt Total Payment to Bank (at end of Tenure)=Total Interest Payable???
In slider if i take Loan Amount is 25,00,000 at interest is 9.95% for tenure of 20 years
Its computing 32,70,268….Then why again Total Payment 57,70,268

• Sharma Mukesh

i like

• komal

good reporting …

• vasanth

nice Good Job

• sandeep

Excellent…

• Ketan

Love you for making this.. U rock man !! Life became safe

• DSN

best tool, details all you need to know. thanks .

Awesome…

• veeru prabhu

One of the best sites for calculating EMI. Users can clearly see what they are getting into. This site can help a lot of people from getting cheated. Simplest UI even a person with basic computer knowledge will be able to use this application and get every minute details of LOAN he will be applying. Thank you to all who have contributed for this wonderful Web application. Keep up the Good Work..

• http://emicalculator.net/ Poornima@EMICalculator

Thanks for the kudos

• Prasanta

really nice….
gr8 wrk

• buzz

INDEED USEFULL HELP!!!

• Deeps

The work is awesome one more request … Can you implement export functionality? may ne as PDF or Excel?

• http://emicalculator.net/ Poornima@EMICalculator

You can print this page and save it as a PDF

• Karthikeyan

Very useful before proceeding on home loan,Good Job.!!!

• Shivang Vyas

Detailed explain… Very helpful Gre8 job…

• Mohankumar

rombo nalla website, thanks for the information…

• nsan

cool yaar thanks

• Patel Manoj

very nice formula

• mallikarjun

excellent website ..Plz prepare a emi calculation chart with pre-payment amount inclusion.

• Yogesh

so simple and informative, thanks

• Dhanaji

• Anil

• Anudeep

good work

• drjoice

excellent site.. i have a doubt.. Is it advisable to pay an additional amount apart from EMI, like once in two months or so.? does that bring down the total interest we pay? and if we are paying like that , when would it be more profitable(in the beginning of the loan tenure or towards the end) ?

• http://emicalculator.net/ Poornima@EMICalculator

Yes, extra payments help reduce your tenure and total interest. Since you pay more towards interest in the beginning, paying extra earlier is better than later.

• divyesh jain

excellent

• Rahul

keep it up…!

• sureshKusuma

my home loan principal is 12,00,000..tenure is 15 years..interest rate is 10.1%.If I pay 2,00,000 after 1 year, then what will be the EMI and what is the formula to calculate? Please do the needful…

• http://emicalculator.net/ Poornima@EMICalculator

I don’t fully understand your question. Are you saying that you will make an extra payment of Rs. 2,00,000/- after one year? Why will your EMI change after one year?

• sureshKusuma

no..i will pay 2 lakhs out of 12 lakhs principal after 1 year ……so what will be the EMI for remaining 10 lakhs?

• http://emicalculator.net/ Poornima@EMICalculator

Assuming you make an extra payment in the 13th month, you have two options:

1) Reduce loan tenure – In this case, your loan tenure will be reduced to 130 months from 180 months. Your EMI will remain ₹12,969.

2) Reduce EMI – In this case, your EMI will get reduced to ₹10,734.

I would prefer the first option. It makes a significant difference when you make extra payments earlier rather than later.

• sureshKusuma

thank you so much…In general how to calculate number of months to deduct based on the extra payment after certain period…

• http://emicalculator.net/ Poornima@EMICalculator

We will add another EMI calculator with pre-payment shortly.

• senthil

on 23/11/2013, sbi credit card offered a loan amount of rs 2,50,000 at a rate of 10.55% per annum for duration:4years, but when i asked about EMI, they told rs 7406+475=7881 this 475 is government tax, it will be reduced every month. this figure if put above fields in this web sites, i am getting rs 6407. when i told to customer care, they told this is flat rate of interest, and asked me to check from sbi web site, i checked sbi web site, it is same rs 6407. i am confused, can anybody clarify ?

• http://emicalculator.net/ Poornima@EMICalculator

You are being offered a loan on flat rate basis. i.e., your monthly payment of 7406 is sum of:
1. 5208.33 (250000 / 48 months) towards principal
2. 2197.91 (250000 * 10.55% / 12 months) towards interest

Flat rate loans are a very bad deal. Stay away from them, if possible.

• Anno

Awesome work ….

• Vetrivel Govindarajan

super

• Jothi Hari

Gr8 – who ever done this – excellent, thanks

• Deepak

excellent….. but how to get this into pdf….. ?

• http://emicalculator.net/ Poornima@EMICalculator

You can print this page and save as PDF.

• PRASHANT C PANHALE

• siddhika

excellent…!!!

• Haresh

Awesome EMI calculator.

• Mann

genuine calculator !

• Harish

Providing the details in easy steps..! Nice web site.. Thanks.

• Nikhil

Excellent tool

• Name

This is very helpfull and give complete detail. Very good for understanding. Nitin Bhatt

• Krishnamohan

very usefull

• Narayana

Very helpful. Great work done.

• http://www.instantpersonalloan.sg/ david thomos

this is superb ever seen great work

• Nagabhushana

Simply superb

really its good

• Uvais

It’s really great effort. Every one can easily understand the tips as you have described above..

Thank you so much for the great work and share the knowledge to others.. Really useful to all..

Uvais

• manish sharma

• Arun Mishra

Excellent

Nice UI and very clear explanation… Great Work Guys

• Raj

Best Website for EMI calculating…….

• NVK Pavan Buragadda

Superb …

• Sridhar

Very good site with clear explanation

• Chintan

It’s monthly reducing calculated?

• http://emicalculator.net/ Poornima@EMICalculator

Yes

• Sreenivas

Wonderful Job guys. Keep it up

this website rock! excellent!

• phani

good work

• Kamal

Great work

• Jynesh

great tools…great websie

• sagar

Excellent! contributions like this in web will benefit many people like me.. thank you

• Sunail Sharma

Very good tool

No words man ………. Thanx a lot !!!

• Binu

Hai, I need to know that if we are taking only 3 lakhs did we have to pay the interest to total amount(15 lakhs).

• http://emicalculator.net/ Poornima@EMICalculator
• Jai

its very useful one

• keshav

awesome awesome

Excellent Information

• Birudala Murali Mohan

excellent expalination

• Vijay

Good one …..

• Kapil

amazing very nice clear..

• Janak

Excellent !!

• BRAJA

NICE JOB

• SURESH

VERY USEFUL. GOOD WORK… THANKS

• Sridhar

really cool and great work…
Many thanks:)

• VijayReddy

good

• Krishnan

Worth.. thanks team..

• Vignesh

• vishal

gr8 work thx a lot

• Arun Khandelwal

Great work….

very good….

• Navi

wow, this is really great! amazing work, thank you

• Bhavesh

Great work…
can you provide wordpress widget for loan calculator?

• Bhavesh

okkk…Thanks..

Great work..

have you design widget for “INCOME TEX CALCULATOR” and “TDS CALCULATOR” ???

• koothi gounder

Useful first time coming across after years of manual calculation
Power of the web is true

• Ashwani

tis one of my frequently visited website, i recommed to all

• Kumarasamy Jagatheesan

good one

• Atambir Nanda

This is a simple calculation. They should have gone a step ahead to show how beneficial it is to pay the EMI in advance. The early we pay the more we save. The prepayment made in first three years depending upon the paying capacity would substantially reduce the interest part and reduction in loan tenure. If any one require further information please contact me on my email ‘atambirnanda@gmail.com

• Pravin

hi, a question for any genuine loan advisor or a person who really knows it….. When I approach any agent for personal loan purpose, they say that my company is not listed….. where do they actually refer my company’s name when they say that my company is not listed…?

• Ganesh

Made my Job easy

• Ramesh Nagula

excellent work…Its very much useful

• b3naam

Thanks for this.

nice….easy & simple.

• Tofan Kumar Behera

Realy it will help a lot to all…..

• vidya meshram

superb

• Ravi

Nice Work. Thanks for your efforts. Its very clear even a bank cannot explain in this way. Now without bank or anyone help a normal person can do calculation.

• Goutham

Thanks to all those genius and a common man thoughts used behind this tool preparation… its very simple and as per the expectation of a common man…

• Senthil Kumar K

Wow. Such a great tool…. Nice work.

• Achudharam

Great work

• Leo31

does this calculator work for education loans as well? Should we use the home loan widget for education loans?

• http://emicalculator.net/ Poornima@EMICalculator

It works for education loan as well.

• Senthil Kumar K

Hi Poornima@EMICalclator, when I enter data in personal loan tab and move to home loan, the data is lost. Is it possible to retain that? Would be much helpful.

• http://emicalculator.net/ Poornima@EMICalculator

The loan amount, tenure and interest rates for home loan, personal loan and car loans differ. Hence the 3 tabs. It doesn’t make much sense to retain the data when shifting between tabs.

• Rajesh

Excellent Job..it would be great if you could include report downloading and printing feature.

• Senthil Kumar K

Google chrome has a extension “Full Page Screen Capture”. You could use that to take a screenshot.

• Ariful Islam

Superb……Its very helpful to loan calculation.

• Deven

• Sharma

Great help! But how do we know that for a particular month’s emi how much is principle and how much is interest?? Please share that would be appreciable.

• http://emicalculator.net/ Poornima@EMICalculator

Click on the + sign in the year column in the EMI payment schedule above.

• dkzakhmi

lovely system

• sharath kumar

great tool to calculate the interest as per monthly and yearly wise. there should be an option to take the printout of the data with proper format this will be useful thanks for your tool. please provide proper data print out or pdf save option.

• Navneet Bagga

This Calculator is as per flat rate or Reducing rate of Interest.

• http://emicalculator.net/ Poornima@EMICalculator

Reducing rate

• http://www.myloancare.in/ myloancare

Good work

• Atul Thakur

really good one.

• NEELAKANTH MUTTAGI SEDAM

Thanks….

• Minhaj Bakhsh

Superb….great informative website !! ★★★★★

• Hari Prabu

Excellent tool. Would be very good if there is an export to excel or pdf option. I would save it for my future reference.

• Mufeem Pasha

Good Work please provide Export to pdf or excel option

• nagaraju patnam

superb calc very useful to all

• Ritika

awesome!!

• http://curaayurveda.wordpress.com/ Dr. Chetali Samant

excellent blog and very useful !!!

• muthu

very nice.thank u

• http://sureshsundar1986.blogspot.in Suresh Sundar

good job, it will useful for everyone, thanks

Regards,
Suresh Sundar

• dilip gupta

please calculate interest of loan rs 9500000.00 for 36 month first 12 month emi of rs 465000.00 next 12 month emi of rs 332000.00 next 12 month emi rs 211300.00 no advance emi please give me payment schedule with interest & principal amount thanks

• Santosh

Awsome….!!!!! Would be even great if we can take the printouts for the same.

• Rajith Ramachandran

Good work

• Ashish Kumar Yadav

Excellent …………!!!!!

• vikram

good job..

• Lokesh Tiwari

kudos for the work done for us, thanks a lot..

• Amar

• Raj

good help in understanding this product.
I inquired for loan transfer to SBI from my existing bank and they are charging 0.2% of loan amount for registration. My property is already registered. What this registration fee is for?

• Kalpana

Could you also provide export to Excel option.

• Kalpana

If this calculator also includes part payment option and produces the balance EMI, that will be really good too.

• http://emicalculator.net/ Poornima@EMICalculator

Will add this shortly.

• Sachin SVK

Simple.. minimal inputs.. great visual and breakup information format. Keep it as is guys. Great job !

• Sridevi Arisetty

Simple and superb

• Preetham

Absolutely brilliant work. One suggestion. Could you give an option to switch the graph from calendar year to Financial year too? That would help in tax planning too.

• Shravan Kumar

if in mean while , i will have to stop EMI then what is the process to paid remaining balance money

• Pesala Balakrishna

Really Great work
application really userfrndly

• http://www.mindfiresolutions.com/ Rajat Mohapatra

Do you have any Apps for mobile ?

• http://emicalculator.net/ Poornima@EMICalculator

Its in the works. Will release Android app soon.

• Pravin Dahalke

Great work sir!!!!
thanks a lot…
But i want to ask little more…
i have a home loan of 1950000 for 30 years on 10.25 ROI and if i paid 1,00,000 Rs. per year extra amount than my EMI then in how many years i will able to repay my loan?????..

• http://emicalculator.net/ Poornima@EMICalculator

This is for loan EMI calculator. Do you have option of Investment calculator.

• http://batman-news.com Ishwar Gavi

Excellent work done, Thanks..

• Dhanasekaran

Simple and easy to use. Good work guys. Highlight is indicated Yearly/Monthly payments. Kudo’s to your team.

• Purnananda Behera

Great work guys, its amazing.
A complete UI which provides all clear info to uses.

• Vignu Vigneswar

Excellent.. very useful.. helps as a Guide in the jungle of loans/bank/interest rates. Choosing tenure/amount,.. become more easy.

The best every calculator i have seen and used. Thanks for great work.

• Ankit Mishra

Greate work friends… thanks

• Arunkumar Sajja

THIS IS REALLY WONDERFUL AND UNDOUBTEDLY HELPFUL. THANK YOU GUYS.

• Jegathees Veeramani

Great ! very helpfull..

• disqus_Yj2e1q4UgK

the details are crisp and to the point .. thanks
just one clarification required – what % of EMI get splits into principle / interest component starting month from 1 to end of tenure ? i am interested in understanding the formula

• Anoop

Superb!! Makes our financial planning very easy. Thanks so much for developing this wonder site..

• Amit Bombatkar

Hii, I want to know, does the formula for calculating EMI changes for finding Car Loan, Home Loan and Personal Loan? If yes, what is the difference between all these formulas?. Thanks….

• http://emicalculator.net/ Poornima@EMICalculator

There’s no difference. Only the range of values for loan amount, tenure and interest rates vary.