Loan Eligibility & Affordability Calculator

Overview

Taking a loan is one of the biggest financial decisions most people make in their lifetime. Whether it is a home loan, car loan, personal loan, or education loan, understanding the true cost — not just the monthly EMI but the total amount you will repay over the entire tenure — is critical for making an informed decision. Our Loan Calculator does exactly this. Enter the loan amount, annual interest rate, and tenure, and instantly see your monthly EMI, total interest payable, and total amount payable. The full amortization schedule shows a month-by-month breakdown of how your payments are divided between principal and interest repayment. This breakdown reveals something important: in the early months, most of your EMI goes toward interest, not principal. Understanding this helps you see the financial benefit of making prepayments in the first few years of the loan tenure, which can save lakhs of rupees in interest.

How to Use

• 1

  Enter Loan Amount

  Input the total amount you want to borrow (e.g., ₹25,00,000 for a home loan).

• 2

  Enter Annual Interest Rate

  Enter the interest rate offered by the bank (e.g., 8.75% per annum).

• 3

  Set the Loan Tenure

  Enter the repayment duration in years or months (e.g., 20 years = 240 months).

• 4

  View EMI and Summary

  See your Monthly EMI, Total Interest, and Total Repayment Amount in the results panel.

• 5

  Analyse Amortization

  Scroll down to the amortization table to see principal vs. interest split for every monthly instalment.

Frequently Asked Questions