Calculators
Plan your loanbefore you apply
Work out EMIs, eligibility and prepayment savings for any loan before you apply.
Monthly EMI
₹10,747
for 60 months
- Principal
- ₹5,00,000
- Total interest
- ₹1,44,817
- Total payable
- ₹6,44,817
For illustration only. Your actual EMI depends on the rate and tenure the lender offers you.
Yearly repayment schedule
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹80,253 | ₹48,711 | ₹4,19,747 |
| 2 | ₹89,097 | ₹39,867 | ₹3,30,651 |
| 3 | ₹98,916 | ₹30,048 | ₹2,31,735 |
| 4 | ₹1,09,816 | ₹19,147 | ₹1,21,919 |
| 5 | ₹1,21,919 | ₹7,045 | ₹0 |
Estimated maximum loan
₹13,79,791
- EMI you can afford
- ₹30,000
- EMI on this amount
- ₹30,000
An estimate assuming lenders allow up to 50% of your net income towards EMIs. Lenders also consider your credit score, employer and other factors.
Interest you save
₹9,18,211
Loan ends 3 yr 9 mo earlier
- Current EMI
- ₹26,511
- Tenure
- 240 → 195 months
- Interest without prepayment
- ₹33,62,717
- Interest with prepayment
- ₹24,44,506
For illustration only. Floating rate home loans to individuals have no prepayment charge; personal and fixed rate loans may charge a fee.
GST rate
Total with GST
₹11,800
- Amount before GST
- ₹10,000
- GST at 18%
- ₹1,800
- CGST (9%) + SGST (9%)
- ₹900 + ₹900
- Total
- ₹11,800
Within a state, GST is split equally into CGST and SGST. Between states, the full amount is charged as IGST.
How the EMI is calculated
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the tenure in months.