Loan & Credit

Loan Prepayment Impact Calculator Unlike Calc #05 (single lump-sum prepayment), this calculator models the impact of making regular periodic prepayments — e.g., prepaying ₹10,000 every 6 months, or ₹50,000 every year. Many salaried borrowers receive annual bonuses and want to know how systematically directing that amount to their loan affects the overall picture. Loan Amount ₹ ₹50 K ₹1 Cr Annual Interest Rate % 5% 25% Loan Tenure Y 1 Y 30 Y EMIs Already Paid M 0 Tenure – 1 Fixed Prepayment Amount ₹ ₹1,000 ₹50 L Prepayment Frequency MonthlyQuarterlyHalf-YearlyAnnual Prepayment Allocation Reduce TenureReduce EMI Start Prepayment From Month M 1 n Interest Saved : ₹0 Net Money Saved ₹0 Original Loan Closure0 Months New Loan Closure0 Months Months Saved0 Months Total Interest Saved₹0 Total Prepayments Made₹0 Outflow Without Prepayment₹0 Outflow With Prepayment₹0 Net Money Saved₹0

Flat Rate vs. Reducing Balance Calculator Many two-wheeler loans, consumer durable loans, and informal lending schemes are quoted at a ‘flat rate’ of interest. This sounds lower but is significantly more expensive than a reducing balance rate. A 10% flat rate is roughly equivalent to a 17–18% reducing balance rate. This calculator exposes the real cost and converts between the two. Loan Amount ₹ ₹5,000 ₹50 L Flat Rate of Interest % 1% 30% Loan Tenure M 6 M 84 M Equivalent Rate : 0% Hidden Cost ₹0 Flat Rate EMI₹0 Flat Rate Total Interest₹0 Flat Rate Total Repayment₹0 Equivalent Reducing Balance Rate0% Reducing EMI at Same Nominal Rate₹0 Reducing Interest at Same Rate₹0 Extra Interest Paid₹0

Personal Loan vs Credit Card Calculator When faced with a large expense or existing credit card debt, users often wonder whether a Personal Loan (structured EMI, lower rate) or a Credit Card (flexible, higher rate) is the smarter choice. This calculator computes total cost under both options and makes a clear recommendation. Loan / Expense Amount ₹ ₹10 K ₹50 L Personal Loan Rate % 8% 30% Personal Loan Tenure M 6 M 60 M Personal Loan Processing Fee ₹ ₹0 ₹50 K Credit Card Rate % 24% 48% Monthly Credit Card Payment ₹ ₹1 K ₹3 L Recommendation : – Net Saving ₹0 Personal Loan EMI₹0 Personal Loan Total Interest₹0 Personal Loan Total Cost₹0 Credit Card Payoff Time0 Months Credit Card Interest₹0 Credit Card Total Cost₹0 Net Saving₹0 Recommendation–

Credit Card Payoff Calculator Credit card debt is among the most expensive in India, with effective annual rates of 36–44%. This calculator shows users the real cost of carrying a balance and motivates action by showing how different payment strategies dramatically alter payoff timelines. Current Credit Card Balance ₹ ₹1,000 ₹20 L Annual Interest Rate % 24% 48% Monthly Payment Amount ₹ ₹500 ₹2 L Any New Monthly Charges ₹ ₹0 ₹1 L Debt-Free In : 0 Months Total Interest ₹0 Months to Payoff0 Years & Months0 Months Total Interest You Will Pay₹0 Total Amount Paid₹0 Monthly Payment₹0 New Monthly Charges₹0 Effective Annual Rate Check0%

Balance Transfer Calculator A Balance Transfer (BT) involves moving an outstanding loan from one lender to another offering a lower interest rate. While the rate reduction saves interest, BT involves costs: processing fee at the new lender, foreclosure charges at the old lender, and legal/administrative fees. This calculator shows whether the transfer is genuinely worth it. Current Outstanding Loan Amount ₹ ₹50 K ₹5 Cr Remaining Loan Tenure M 12 M 360 M Current Interest Rate % 5% 25% New Bank Interest Rate % 5% 25% New Bank Processing Fee ₹ ₹0 ₹2 L Old Bank Foreclosure Charge ₹ ₹0 ₹2 L Other Transfer Costs ₹ ₹0 ₹1 L New Loan Tenure M 12 M 360 M Net Savings : ₹0 Net Savings ₹0 Current EMI₹0 New EMI₹0 Monthly EMI Savings₹0 Total Transfer Cost₹0 Gross Interest Savings₹0 Break-even Months0 Current Remaining Interest₹0 New Loan Interest₹0

Loan Prepayment Calculator When a borrower makes a lump-sum part-prepayment, they can either reduce their monthly EMI (keeping tenure same) or reduce their tenure (keeping EMI same). This calculator shows both scenarios and the interest savings from the prepayment. Original Loan Amount ₹ ₹1 L ₹1 Cr Annual Interest Rate % 1% 20% Original Loan Tenure M 12 M 360 M EMI Already Paid M 0 M Tenure – 1 Prepayment Amount ₹ ₹1,000 Outstanding Balance Prepayment Option Reduce Tenure Reduce EMI Interest Saved : ₹0 Total Interest Saved ₹0 Current EMI₹0 Outstanding Balance₹0 New Principal₹0 New Tenure0 Months New EMI₹0

Loan Comparison Calculator Users often receive multiple loan offers from different banks with varying rates, tenures, and processing fees. This calculator lets them compare up to 3 loans side by side and identify the truly cheaper option — factoring in not just EMI but total cost of borrowing including fees. Loan A Lender Name Loan Amount ₹ ₹1 L ₹1 Cr Annual Interest Rate % 1% 30% Tenure Y 1 Y 30 Y Processing Fee ₹ ₹0 ₹2 L Other One-time Charges ₹ ₹0 ₹1 L Loan B Lender Name Loan Amount ₹ ₹1 L ₹1 Cr Annual Interest Rate % 1% 30% Tenure Y 1 Y 30 Y Processing Fee ₹ ₹0 ₹2 L Other One-time Charges ₹ ₹0 ₹1 L Loan C Lender Name Loan Amount ₹ ₹1 L ₹1 Cr Annual Interest Rate % 1% 30% Tenure Y 1 Y 30 Y Processing Fee ₹ ₹0 ₹2 L Other One-time Charges ₹ ₹0 ₹1 L Best Option : – Lowest Total Cost ₹0 Cheapest Loan– Lowest EMI– Lowest Total Interest– Maximum Difference₹0 Metric Loan A Loan B Loan C Monthly EMI ₹0 ₹0 ₹0 Total Interest ₹0 ₹0 ₹0 Processing Fee ₹0 ₹0 ₹0 Total Cost of Loan ₹0 ₹0 ₹0 Effective Annual Rate 0% 0% 0% Recommended? – – –

Home Loan Affordability Calculator This calculator goes one step beyond eligibility. It helps a user understand the total affordable property price — accounting for the loan they can get AND the down payment they have. It also factors in registration, stamp duty, and other purchase costs. The output is a realistic ‘budget range’ for property hunting. Gross Monthly Income ₹ ₹30 K ₹50 L Existing EMI Payments ₹ ₹0 ₹2 L Available Down Payment ₹ ₹0 ₹1 Cr Expected Interest Rate % 7% 20% Loan Tenure Y 5 Y 30 Y Stamp Duty & Registration % 4% 8% Other Purchase Costs ₹ ₹0 ₹50 L Affordable Property : ₹0 Max Loan ₹0 Affordable Property Price₹0 Maximum Loan Amount₹0 Maximum Permissible EMI₹0 Estimated Stamp Duty & Registration₹0 Monthly EMI₹0 Down Payment Needed₹0 Loan-to-Value Limit0%

Loan Eligibility Calculator The Loan Eligibility Calculator estimates the maximum loan amount a borrower can be sanctioned, based on their net monthly income, existing EMI obligations, and the proposed loan’s interest rate and tenure. Indian banks typically apply a Fixed Obligation to Income Ratio (FOIR) of 40–55%. This is a pre-qualification tool — it sets realistic expectations before a user applies. Results should be shown as an indicative range, not a guarantee. Gross Monthly Income ₹ ₹10K₹10L Other Monthly Income ₹ ₹0₹5L Existing EMI Obligations ₹ ₹0₹5L Desired Tenure M 12 M360 M Interest Rate % 1%25% FOIR Assumption % 40%70% Eligible Loan ₹0 Maximum EMI ₹0 Total Monthly Income₹0 Maximum Allowable EMI₹0 Existing EMI₹0 Eligible EMI Capacity₹0 Maximum Eligible Loan₹0 Total Interest Payable₹0 Total Repayment₹0

Standard EMI Calculators The Standard EMI (Equated Monthly Instalment) Calculator computes the fixed monthly payment a borrower must make to fully repay a loan — principal plus interest — over a chosen tenure. It is applicable to home loans, personal loans, car loans, and any amortising loan with a fixed interest rate.This is the most-used financial calculator in India. It must be pixel-perfect in accuracy because users will cross-check against bank sanction letters. Principal Loan Amount ₹ ₹1 L₹10 Cr Annual Interest Rate % 1%25% Loan Tenure Y 1 Y30 Y Monthly EMI : ₹0 Total Amount Payable ₹0 Principal Amount ₹0 Interest Amount ₹0 Monthly EMI₹0 Total Interest Payable₹0 Total Amount Payable₹0 Interest as % of Principal0% Approx. Payoff Duration0 years