EMI Calculator India 2026 — Home, Car & Personal Loan EMI
Free EMI calculator for any Indian loan — home, car, personal, education or business. Compute monthly EMI, total interest payable, and complete amortisation schedule.
FAQs
How is EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is tenure in months.
Should I prepay a home loan?
If your loan rate is > your investment after-tax return, prepaying wins. With home loans at ~8.5% and most safe investments at ~7% post-tax, prepaying is usually better — unless you're in the highest slab and claiming 80EE/80EEA + 24(b).
Fixed vs floating rate?
Floating rates (linked to RBI repo) tracked the 2022–24 hike cycle painfully. Fixed rates are 1–1.5% higher but predictable. Most Indian buyers pick floating, then refinance when rates fall.
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