Loan Calculator — Calculate EMI, Affordability, Tenure & Interest Rate
Amount in words, fixed/floating rate options, EMI scheme choices, and full repayment insights in one place.
Loan EMI
₹ 11,440.63
Eleven thousand four hundred forty one rupees onlyTotal Interest Payable
₹ 1,86,437.65
One lakh eighty six thousand four hundred thirty eight rupees onlyTotal Payment (Principal + Interest)
₹ 6,86,437.65
Six lakh eighty six thousand four hundred thirty eight rupees onlyBreak-up of Total Payment
- Principal 72.8%
- Total Interest 27.2%
Yearly Principal, Interest, and Balance Trend
Bars show yearly payment split. The line shows remaining balance at the end of each year.
Year-wise Repayment Schedule
Click any year to view month-wise breakup.
| Year | Principal (A) | Interest (B) | Total Payment (A + B) | Balance | Loan Paid To Date |
|---|---|---|---|---|---|
| ₹ 49,229.57 | ₹ 42,295.47 | ₹ 91,525.04 | ₹ 4,50,770.43 | 9.85% | |
| ₹ 82,448.39 | ₹ 54,839.17 | ₹ 1,37,287.56 | ₹ 3,68,322.04 | 26.34% | |
| ₹ 94,061.28 | ₹ 43,226.28 | ₹ 1,37,287.56 | ₹ 2,74,260.76 | 45.15% | |
| ₹ 1,07,309.83 | ₹ 29,977.73 | ₹ 1,37,287.56 | ₹ 1,66,950.93 | 66.61% | |
| ₹ 1,22,424.44 | ₹ 14,863.12 | ₹ 1,37,287.56 | ₹ 44,526.49 | 91.09% | |
| ₹ 44,526.49 | ₹ 1,235.86 | ₹ 45,762.52 | ₹ 0.00 | 100.00% |
Loan Calculator — Calculate EMI, Affordability, Tenure & Interest Rate
Plan better with amount-in-words support, fixed and floating rate comparison, EMI scheme choices, and clear repayment visibility.
- What is the monthly EMI for this loan amount, rate, and tenure?
- How much can I afford to borrow within a comfortable monthly EMI?
- How quickly can I close this loan with my selected tenure and scheme?
- What is my effective borrowing cost after fees, charges, and rate type?
APR is a broader view than plain interest rate because it includes one-time fees (like processing charges) along with interest. Use APR and total payable together while comparing loan offers.
Example: If interest is shown as 0% but processing fees are charged upfront, your effective borrowing cost is still positive. Always check APR.
EMI Calculator
Enter loan amount, rate type, and tenure to get monthly EMI, total interest, total payable, and full repayment schedule.
Loan Amount and Affordability
Use your comfortable EMI and expected tenure to estimate a practical borrowing limit before applying.
Loan Tenure Planning
Compare shorter and longer repayment windows to balance monthly burden, interest outflow, and closure timeline.
Interest Rate Sensitivity
Model how fixed or floating rate changes affect EMI and total payable so you can negotiate better with lenders.
Consumer Loans: Secured vs Unsecured
Secured Loans
In secured loans, you pledge an asset (for example property or vehicle). Because lender risk is lower, approval chances can be better and rates may be more competitive.
- Common examples: Home loans and auto loans
- Collateral can reduce lender risk and improve terms
- Default can lead to recovery action on pledged asset
Unsecured Loans
Unsecured loans do not need collateral. Approval is usually based on income, repayment history, and credit profile, and interest rates are often higher than secured loans.
- Common examples: Personal loans and small consumer credit
- Lenders rely heavily on credit score and repayment behavior
- Late payments can quickly raise borrowing cost in future
What Lenders Usually Check (Five C's of Credit)
- Character: repayment track record and credit discipline
- Capacity: ability to repay based on income vs existing obligations
- Capital: savings, down payment strength, and financial buffer
- Collateral: asset security value (applies to secured loans)
- Conditions: rate cycle, industry risk, and loan purpose context
Credit Score Reference (Indicative)
Many lenders in India use a 300-900 score scale. This quick reference is for planning and awareness.
| Score Range | Band | Typical Lending View |
|---|---|---|
| 750 - 900 | Strong | Higher approval odds and better rate negotiation room |
| 700 - 749 | Good | Usually eligible in many cases with standard terms |
| 650 - 699 | Moderate | Approvals possible, but terms can be stricter |
| 300 - 649 | Needs Improvement | Lower approval odds and often higher borrowing cost |
EMI and Credit Profile: 5 Practical Points
- Pay all EMIs and credit card dues on or before the due date every month.
- Keep credit utilization in a safer band (commonly below 30% to 40%).
- Avoid multiple loan applications in a short period to reduce hard inquiries.
- Use part-prepayments to reduce principal faster and lower total interest.
- Maintain an emergency buffer of at least 3 to 6 EMIs to prevent late payments.
Loan Type Specific Planning
- Check monthly repayment burden before taking short or medium-term borrowing.
- Review true borrowing cost using estimated APR, not interest rate alone.
- Export the schedule for records and monthly repayment budgeting.
This is an estimate tool for planning. Actual lender schedule can differ due to rate reset rules, taxes, and bank-specific processing policies.
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