Calculate EMI, total interest, and prepayment savings for any loan
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Free EMI calculator for home loan, car loan, and personal loan. Get full amortization schedule, prepayment analysis, and total interest breakdown. This tool is built for practical, real-world usage where speed, clarity, and reliable output matter. You can start with the default values, review the result, and then refine inputs step by step to match your exact scenario.
For best results, keep your inputs clean and complete. Double-check units, date ranges, and value formats before you calculate. If you are comparing multiple scenarios, change one variable at a time so you can clearly understand what moved the output.
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EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P = principal, r = monthly interest rate, n = total months.
Typically banks reduce the tenure while keeping EMI constant. This calculator shows tenure reduction with annual lump-sum prepayment.
Under Section 24(b), interest up to ₹2 lakh/year is deductible. Under 80C, principal repayment up to ₹1.5 lakh is deductible (old regime).
Purpose: Calculate EMI with amortization schedule, prepayment analysis, and interest savings.
Full-featured EMI calculator with year-by-year amortization table, optional annual prepayment analysis showing tenure reduction and total interest saved. Handles home loans, personal loans, and car loans with real-time computation.
This page includes tool-specific method notes, edge-case guidance, and reference context to provide substantial user value beyond a basic calculator interface.