Precision loan repayment and credit planning calculators conforming to Reserve Bank of India (RBI) reducing-balance annuity conventions. Simulate monthly EMIs, discover how extra prepayments shave years off mortgage tenures, evaluate balance transfer economics, and inspect month-by-month principal and interest amortization schedules.
Statutory formulas verified against current Government of India regulations.
Calculate apartment RWA maintenance bills with per sq.ft., parking, sinking fund, and CBIC ₹7,500/month GST exemption check.
Calculate monthly EMI, total interest, and prepayment savings for home, car, and personal loans with complete amortization schedule.
Calculate home loan EMI, LTV ratio, down payment impact, processing fees, and full year-by-year amortization schedule.
Calculate auto loan EMI, on-road down payment impact, bank processing fees, and total upfront cash required.
Calculate monthly personal loan installments, bank processing fees, and net disbursed cash credited to your account.
Evaluate your home or personal loan eligibility based on monthly salary, existing EMIs, and bank FOIR guidelines.
Simulate part-prepayments or foreclosure to calculate interest saved and months shaved off your loan tenure.
Generate comprehensive monthly and yearly repayment schedules with opening balance, EMI, principal, interest, and closing balance.
Reveal the true effective reducing rate hidden behind flat loan interest rates. Compare EMI, total interest, and extra cost before borrowing.
Compare existing vs new home loan interest rates, calculate processing fees, net savings, and break-even recovery duration.
Estimate state-wise stamp duty, metro cess, and registration fees across Maharashtra, Karnataka, Delhi, UP, and more with female concessions.
Master home loan prepayment strategies. Compare tenure reduction vs EMI reduction, early vs late prepayment timing, and evaluate the debt payoff vs investing trade-off.
Banks compute monthly EMI using the formula: EMI = [P × r × (1 + r)^n] ÷ [(1 + r)^n - 1], where P is principal, r is monthly interest rate (annual rate ÷ 1200), and n is total months. Interest is charged solely on the outstanding principal balance each month.
No. Under RBI circulars, scheduled commercial banks and housing finance companies (HFCs) are strictly prohibited from charging prepayment penalties or foreclosure charges on floating-rate home loans sanctioned to individual borrowers.
Most Indian lenders like SBI, HDFC, and ICICI cap total debt obligations (FOIR) at 40% to 50% of your net monthly in-hand income to ensure comfortable repayment without financial distress.
A balance transfer is profitable when the interest rate reduction (typically 0.50% or higher) generates interest savings that substantially exceed the new lender’s processing fees, stamp duty, and administrative charges, typically recovering costs within 6 to 12 months.