Loan EMI guides

EMI basics

• EMI calculatorHow amount, rate and tenure set an EMI, and why a lower EMI is not always the cheaper loan.
• EMI formula explainedReducing-balance EMI formula with a ₹10 lakh worked example, the Excel PMT formula and a free .xlsx.
• Loan amount and EMI calculator inputsLoan amount explained for EMI calculators: principal, sanctioned vs disbursed, LTV, down payment and fees. See how loan amount changes home loan EMI, car EMI, and total interest.
• Loan interest rates and EMIReducing-balance loan interest rates explained for borrowers worldwide. Fixed vs floating, benchmark resets, APR vs spread, and how a 0.5% to 1% rate change moves EMI calculator results and total interest before you borrow.
• Flat vs reducing interest rateConvert a flat interest rate to its reducing-balance equivalent and compare EMIs. Flat charges the original amount for the full tenure; reducing charges only what you still owe.
• Loan tenure vs EMIHow loan tenure changes EMI calculator results and total interest. Compare 10, 15, 20 and 25-year home loan EMI examples and pick the shortest repayment period your cash flow can still afford.

Home loan

• Home loan EMI calculatorCutting the interest on a running home loan: prepaying, switching lenders, rate resets and tax.
• How to reduce home loan EMIWays to lower home loan EMI or interest: principal reduction, lender repricing, prepayment, tenure changes and balance transfer. Test each lever in the home loan EMI calculator before you commit.
• Home loan balance transfer guideWhen a home loan balance transfer makes sense. Which fees to count, how to calculate break-even months and the new home loan EMI, and how to avoid restarting a costly tenure for a tiny rate cut.
• Home loan tax benefits and EMIIndian home loan tax benefits under Section 22 and 123 of the Income-tax Act, 2025 (old 24(b) and 80C) for tax year 2026-27. Old vs new regime, let-out rules, expired 80EEA, and why deductions should never decide home loan EMI size alone.

Also read: Floating-rate stress tests · Why prepayments save interest

Personal loan

• Personal loan EMI calculatorUnsecured, double-digit rates and fees taken off the disbursal: the total cost matters more than the EMI.

Start with: Flat rate vs reducing balance · Comparing loan offers fairly · Why prepayments save interest · Tenure vs EMI trade-off

Car loan

• Car loan EMI calculatorDown payment, dealer flat-rate quotes and a tenure that matches how long you keep the car.

Start with: Flat rate vs reducing balance · Interest rate basics · Comparing loan offers fairly · Tenure vs EMI trade-off

Education loan

• Education loan EMI calculatorInterest during the moratorium, what gets added to principal, and an EMI sized to a first salary.

Start with: Loan amount (principal) · Tenure vs EMI trade-off · Interest rate basics · Comparing loan offers fairly

Repayment strategy

• Prepayment calculatorWhen an extra payment saves the most, and whether to cut the EMI or the tenure.
• Prepayment and EMI interest savingsWhy early home loan prepayments save more interest than late ones. Compare lump sums with monthly extras in the prepayment calculator, then decide whether reducing EMI or tenure cuts lifetime cost more.

Also read: How to reduce EMI and interest · Balance transfer checklist

Rates and offers

• Compare loan offersReading a rate quote, stress-testing a floating rate and comparing offers on total cost.
• Compare loan offers fairlyCompare home loan EMI, car EMI and personal loan EMI offers on equal amount and tenure. Total interest, fees, APR, reset terms and net disbursal beat headline EMI when two quotes look close.
• Floating rate home loan EMIHow floating home loan EMI rate resets change installment or tenure. Stress-test +1% and +2% in the home loan EMI calculator so the payment still fits before you borrow.

Also read: Interest rate basics

Consumer EMI

• No-cost EMI calculatorNo-cost and credit card EMI on purchases: where the interest and fees actually go.

Start with: Flat rate vs reducing balance · Comparing loan offers fairly · Interest rate basics