EMI
The monthly instalment, total interest and total repayment for an amount, rate and tenure.
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Loan Calculators
Four free tools to plan a loan before you apply: work out the EMI, see how much you may borrow, check what a balance transfer could save and find out what a part payment does to your loan. Questions? Call or WhatsApp +91 70815 55505.
Choose a calculator
Monthly EMI
₹21,618
- Total interest
- ₹2,97,077
- Total payable
- ₹12,97,077
- Tenure
- 5 years
You may be able to borrow about
₹9,25,157
- Affordable EMI
- ₹20,000
- Income used for EMIs
- 50%
- Tenure
- 5 years
Estimated net saving
₹3,45,518
- Current EMI
- ₹30,604
- New EMI
- ₹28,100
- Monthly saving
- ₹2,504
- Break-even
- 6 months
Estimated total outgo is lower after transfer, before any lender-specific conditions.
Ask an advisor to check this
Estimated interest saved
₹2,69,816
- Current EMI
- ₹25,607
- Revised EMI
- ₹25,607
- New balance
- ₹18,00,000
- Tenure saved
- 1 yr 6 mo
- Part payment as a share of the loan
The EMI is retained and the estimated tenure is reduced.
Ask an advisor to check thisAll results are estimates. Your actual EMI, eligibility, savings, charges and tenure depend on the lender’s policy and its checks.
Which tool to use
What each calculator tells you
Eligibility
A rough idea of the loan your income can support after your existing EMIs.
Balance transfer
Whether moving your loan to a lower rate saves money once the transfer charges are counted.
Part payment
How much interest a lump-sum payment saves, and whether to cut the tenure or the EMI.
Balance transfer
When does a balance transfer make sense?
A balance transfer moves your existing loan to a new lender at a lower rate. It is worth it when the saving over the rest of the tenure is clearly more than the costs: the new lender’s processing fee, legal and valuation charges, and any charge your current lender makes for closing the loan.
The calculator shows the break-even point, the number of months it takes for the monthly saving to cover those charges. If you plan to close the loan before then, the transfer may not pay off. Transfers are most common for home loans and loans against property.
Part payment
Cut the tenure or cut the EMI?
After a part payment, you can usually keep the same EMI and finish the loan sooner, or keep the same end date and pay a smaller EMI. Keeping the EMI and cutting the tenure normally saves more interest. Cutting the EMI eases your monthly budget.
Check your loan agreement before you pay. For floating-rate loans taken by individuals for personal use, RBI rules do not allow prepayment charges. Fixed-rate loans and some business loans can carry a charge.
Need exact numbers?
Get a lender-specific calculation
Share your loan type, amount and income, or your current loan details for a transfer. A LoanBazzaar advisor will work out the numbers with you. Prefer to talk now? Call or WhatsApp us, any time of day.
- +91 70815 55505Call any time, 24 hours a day
- WhatsApp usShare your requirement in a message
- Visit our Gomti Nagar office5/607 Vikas Khand, Gwari Rd, Churahari, Gomti Nagar, Lucknow, Uttar Pradesh 226010
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Your details go to our team on WhatsApp. This is not a loan application.
FAQs
Calculator questions, answered
Are these loan calculators free?
Yes. They are free to use as often as you like, and you do not need to share your name or number to use them.
Do the calculators save my numbers?
No. The calculations run in your browser and the numbers you type are not sent to us. Your details reach us only if you send an enquiry.
How accurate are the results?
They are close estimates based on standard formulas. A lender’s figures can differ because of its charges, the disbursement date, rounding and, for floating-rate loans, rate changes over time.
Which interest rate should I enter?
Use the rate in your offer letter or Key Facts Statement if you have one. If not, use a rate you have been quoted and try a slightly higher one too, to see how the EMI changes.
Can you check my actual eligibility with lenders?
Yes. A LoanBazzaar advisor can review your income, existing loans and documents against the rules of all major banks and loan providers. The lender still makes the final decision. Request a call back.
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