PRODUCTIVE IT / EMI CALCULATOR
Know your EMI before you sign.
Compare monthly payments, total interest and the cost of prepaying a home, car or personal loan.
HOW IT WORKS
Simple inputs. Clear next step.
01
Enter the loan amount, annual interest rate and tenure.
02
The EMI uses the standard reducing-balance formula and updates live.
03
Review the monthly or yearly amortisation schedule and test a prepayment.
FAQ
Answers before you decide.
How is EMI calculated?
EMI = P·r·(1+r)^n / ((1+r)^n − 1), where P is principal, r is the monthly rate and n is the number of months.
Does prepayment reduce EMI or tenure?
A one-time prepayment can be modelled either by recalculating the EMI for the same tenure or by keeping the EMI and shortening the tenure.