Loans & Borrowing Calculators
Ten calculators covering every stage of borrowing — working out an affordable EMI, seeing the true interest cost, and testing whether prepaying or refinancing is worth it.
Flat vs Reducing Loan
Compare interest calculation methods.
EMI Calculator
Equated Monthly Installments.
Home Loan Calculator
Amortization and schedule.
Car Loan EMI
Vehicle financing estimator.
Lease vs. Buy
Compare leasing vs buying a car.
Prepayment Calculator
Impact of extra payments.
Personal Loan
Unsecured loan EMI and interest.
Education Loan
Student loan repayment plan.
Loan Refinance
Balance transfer benefit analysis.
Credit Card Payoff
Time to clear credit card debt.
The number lenders show you is not the number that matters
A lender quotes the EMI because it is the smallest, friendliest figure available. The number that determines whether a loan is a good idea is total interest paid over the full tenure. On a 20-year home loan at 8.5%, you typically repay well over 1.9× the amount borrowed. Stretching the tenure to reduce the monthly EMI is not free — it is the single most expensive thing most borrowers do without noticing.
The amortisation schedule is where this becomes visible. In the early years the overwhelming majority of each payment services interest, not principal. That is why a prepayment made in year three is worth several times the same rupee or dollar paid in year fifteen. Run the prepayment calculator before you decide what to do with a bonus.
If you are already servicing a loan, the refinance calculator answers a narrower but valuable question: does the interest saved from a lower rate exceed the processing fee, legal cost and paperwork of switching? Sometimes it clearly does. Often the break-even sits further out than the marketing suggests.
For anyone comparing offers, the flat vs reducing balance calculator is essential. A "flat 7%" and a "reducing 7%" are not the same loan, and the gap is far wider than most borrowers expect.