Calculate the EMI for a personal, car, education, business or home loan and compare offers from different banks in one view. Enter amount, interest rate and tenure to get the monthly instalment, total interest and an amortisation schedule; add processing fees to compare the true cost of each lender.
The comparison table ranks loans by total cost, the eligibility estimator shows how much you can borrow from your income and existing EMIs, and the balance-transfer check tells you whether refinancing an existing loan is worth it after fees.
How to use the loan emi & comparison calculator
- 1Select the loan type and enter amount, interest rate and tenure.
- 2Add processing fees, insurance or pre-closure charges if applicable.
- 3Add more offers to the comparison table to rank them by total cost.
- 4Use the eligibility tab to estimate your maximum loan from income and existing EMIs.
Loan EMI & Comparison Calculator — frequently asked questions
What is the EMI on a ₹10 lakh loan at 10% for 10 years?
About ₹13,215 per month, with total interest of roughly ₹5.86 lakh over the tenure. Change any of the three inputs above to see your own figure instantly.
What is the difference between flat and reducing-balance interest?
Flat interest is charged on the original principal for the whole tenure, so a "10% flat" loan costs roughly the same as 17–18% on a reducing balance. Always compare the reducing-balance (effective) rate, which is what this calculator shows.
How much loan am I eligible for?
Most lenders cap total EMIs at 40–55% of net monthly income (FOIR). The eligibility tab applies that ratio to your income, existing EMIs and the chosen rate and tenure.
Is a balance transfer worth it?
Usually only when the new rate is at least 0.5–1% lower and enough tenure remains for the interest saving to beat processing and legal fees. The refinance check does that maths for you.
Does the calculator include GST on processing fees?
Enter the fee inclusive of tax; in India banks charge 18% GST on processing fees, which the total-cost comparison then reflects.