Loan Calculators
Plan your finances with our easy-to-use loan calculators
Enter Loan Details
₹10K
₹1 Cr
5%
30%
1
84 months
EMI Results
Monthly EMI
₹16,430
Principal Amount
₹5,00,000
Total Interest
₹91,480
Total Amount Payable
₹5,91,480
Principal
Interest
EMI Schedule
| Month | EMI | Principal | Interest | Balance |
|---|
Your Financial Details
₹10K
₹5L
₹0
₹1L
5%
30%
1 Year
30 Years
Your Loan Eligibility
You may be eligible for up to
₹15,00,000
Monthly Income
₹50,000
Existing EMIs
₹0
Available for EMI (50%)
₹25,000
Maximum EMI Affordable
₹25,000
Debt-to-Income Ratio
0%
Good (0-30%)
Fair (30-50%)
High (50%+)
Compare Loan Options
Compare up to 3 different loan options side by side
Option 1
Monthly EMI
₹16,430
Total Interest
₹91,480
Processing Fee
₹5,000
Total Cost
₹5,96,480
Option 2
Monthly EMI
₹16,653
Total Interest
₹99,508
Processing Fee
₹7,500
Total Cost
₹6,07,008
Option 3
Monthly EMI
₹16,210
Total Interest
₹83,560
Processing Fee
₹10,000
Total Cost
₹5,93,560
Best Option
Bank C
You Save
₹13,448
How It Works
Understanding EMI Calculation
EMI Formula
EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)
P = Principal, r = Monthly Interest Rate, n = Number of MonthsTips for Lower EMI
- Choose longer tenure
- Make higher down payment
- Improve credit score
50% Rule
Banks typically allow EMI up to 50% of your monthly income for loan eligibility calculation.