About this site

Who publishes this site

Anchal Katyal owns KASP Digital (kasp.ae), a digital company focused on useful web products. KASP Digital publishes emicalculator.app so borrowers can inspect loan amount, interest, tenure, eligibility, prepayment, tax estimates, and side-by-side offer trade-offs without creating an account. The publisher is an independent educational publisher of loan-planning tools, not a lender, broker, bank, NBFC, chartered accountant, or regulated financial adviser.

The tools are for anyone planning a loan: salaried or self-employed borrowers, first-time home buyers, car buyers, students, and families reviewing existing debt. Calculators work in six currencies: INR, USD, GBP, EUR, AED and SGD. They open in INR with loan amounts and rates typical in India. India-focused pages also cover home loans by lakh amount and home loan tax estimates (Section 22 and 123, old 24(b) and 80C).

About Anchal Katyal

Anchal Katyal is a P&L owner and founder who builds retail and ecommerce businesses, with a focus on pricing, partnerships, residual value, circularity, and sustainability. Their work spans retailers, marketplaces, and Series A startups.

Anchal is Director of Recommerce and product owner for Zaam, a device subscription service, at Zension. Earlier, they built the laptops category at noon.com and led the Apple brand P&L at Emax (Landmark Group). They write and speak on Apple launches, circularity in consumer products, and what moves retail and marketplace margin.

That commercial background is why this site focuses on the full cost of a loan rather than the headline EMI: how pricing, fees, and financing terms change what a borrower actually pays. More at anch.al and on LinkedIn.

Why this site exists

Most loan conversations start with an advertised EMI. That number rarely shows total interest, the effect of fees, what a rate rise would do, or what happens if you prepay. emicalculator.app exists to make those trade-offs visible before you sit with a bank: equal-assumption comparisons, amortization you can export, and planning tools for prepayment, eligibility, balance transfer, and (for India) Year-1 tax estimates.

The product goal is clearer questions for lenders and advisors, not a substitute for their documents. If a page helps you spot a fee-heavy “cheap EMI” or a tenure stretch that hides interest, it has done its job.

Scope of expertise

This site’s strength is transparent reducing-balance maths: EMI, amortization, prepayment, eligibility estimates, offer comparison, balance-transfer break-even, and related planning models. The publisher builds, ships, and regression-tests the calculation tools described below. That is product and calculation expertise, not a claim of being a chartered accountant, CFA charterholder, registered tax practitioner, lawyer, or regulated financial adviser.

Tax, property, and lender-policy sections summarize publicly available rules and common product patterns so you can prepare better questions. They are not a substitute for case-specific advice from a qualified professional, or for the sanction letter and repayment schedule your lender issues. When a figure depends on ownership share, tax regime, property use, or a circular that may have been updated, treat the page as a starting point and verify the current source.

Calculation methodology

Regular instalment calculations use the standard monthly reducing-balance formula: principal, monthly interest rate, and number of monthly payments produce the EMI. The amortization schedule then applies interest to each opening balance and uses the remainder of EMI to reduce principal. See the EMI formula page for the full walkthrough and a worked example.

What the calculators cover today:

• Standard EMI and full amortization for home, car, personal, education, credit-card, and general reducing-balance loans
• Prepayment as lump-sum and/or recurring extras, with reduce-tenure or reduce-EMI modes
• FOIR-style eligibility estimates from income, existing EMIs, rate, and tenure
• Side-by-side offer comparison including processing fee and a five-year paid/outstanding snapshot
• Balance-transfer economics with transfer fees, plus Stay vs Prepay vs Transfer path costs
• India Year-1 home-loan tax estimates under Old vs New regime planning assumptions (Section 22 / 123, old 24(b) / 80C)

They do not give live bank quotes, credit scores or approval decisions, model daily-interest loans, convert a dealer's flat-rate quote for you, add insurance costs, or offer personal investment advice. Currency switching changes display units and market-typical defaults; it is not a live FX converter for disbursal.

How results are tested

The calculation engine is covered by automated unit tests in the repository. A classic regression check is ₹10 lakh at 10.5% for 120 months, which produces an EMI of about ₹13,493. Tests also check that schedules clear principal, principal components add back to the original amount, and total payment reconciles with principal plus interest, allowing for display rounding.

Prepayment, eligibility, credit-card fee paths, offer comparison, and balance-transfer paths have additional checks so a change in one tool does not silently break another. Releases are static pages rebuilt from that same codebase; there is no opaque third-party “EMI API” between your inputs and the schedule you see.

Assumptions and rounding

Calculator results assume inputs remain as entered unless a tool explicitly models a change. A fixed EMI example does not predict future floating rates. Results generally use monthly periods and round displayed currency values for readability while calculations retain greater precision.

A lender can produce a slightly different figure because of daily interest accrual, broken periods between disbursal and first EMI, payment dates, staged disbursal, rate-reset dates, financed insurance, fees, or institution-specific rounding. The lender’s signed documents and account statement govern the actual facility.

Content review process

Guides and calculator pages are treated as educational product content, not marketing claims about live loan offers. Before a material publish or refresh, the review checklist is:

1. Math consistency. Worked examples must match the live calculator for the stated principal, rate, and tenure.
2. Terminology. Reducing-balance vs flat-rate wording stays explicit so a advertised rate is not confused with the schedule method this site uses.
3. Scope labels. Tax, FOIR, and lender-policy text must say what is modelled and what still needs a bank letter or qualified professional.
4. Primary sources for key rules. India tax and regulatory claims that affect numbers are checked against current public sources (for example Income Tax Department materials / India Code text, and RBI product circulars where relevant) and dated to a financial year where possible.
5. Update stamps. Guide and calculator pages carry published and updated dates. When a rule or default changes, the related page is revised rather than left as an undated evergreen claim.

Guide and page copy may be drafted with AI assistance, then reviewed and edited by the publisher for clarity, internal consistency with the calculators, and alignment with cited public rules. Generative AI does not compute your EMI: the engines are hand-written, deterministic application code. If a page still feels wrong for your facts, prefer the lender document or a qualified professional over any summary on this site.

Start with the loan guides, then use a calculator with the figures in your sanction letter. Tax planning pages state a last-verified financial-year note where relevant (see the tax benefit calculator and tax benefit guide).

What this is not

emicalculator.app does not approve loans, collect applications, guarantee eligibility, broker products, or publish live lender rates as offers. Editable defaults are planning scenarios. Results are educational estimates for comparing assumptions, not financial, legal, or tax advice for your specific return or contract.

Full legal and planning limits are on the disclaimer page.

Who the tools are for

Use these tools to create a baseline, compare offers on equal assumptions, stress-test a floating rate, estimate a prepayment, or prepare questions for a lender. Calculators support Manual sliders and AI mode (describe a loan in plain English to fill amount, rate, and tenure on your device). The comparison tool helps normalize rate, fees, and tenure. The eligibility tool provides an estimate of income-based borrowing capacity, not an approval.

A useful workflow is to calculate the base EMI, repeat at a rate 1% and 2% higher, compare total interest, and preserve a monthly buffer for irregular costs. Existing borrowers should enter current outstanding principal and remaining months, not original sanction details.

How to verify a result

Match the calculator inputs with the written offer: disbursed principal, reducing-balance annual rate, rate type, tenure in months, and first payment date. Compare EMI, total interest, and the amortization schedule. Add processing fees, taxes, and mandatory charges separately. If figures differ, ask the lender to explain the exact accrual and rounding method before signing.

Contact

For publisher or website enquiries, reach KASP Digital through kasp.ae or anchal@kasp.ae. For a loan account, sanction, tax return, or repayment dispute, contact the lender or an appropriately qualified professional.

Last updated on Oct 7, 2026.