Free loan calculators for Indian borrowers
Calculate. Compare. Plan.
Work out your loan EMI and total interest, see how prepayments change your loan, and compare two loan offers side by side — in Indian Rupees, right in your browser.
- Free to use
- No login required
- Standard EMI formula
- Calculated in your browser
EMI Calculator
Standard Monthly Reducing Balance EMI Calculation
Illustrative rates — actual lender rates may vary. Verify current rates with the lender.
Tax note: Home loan borrowers may be able to claim deductions on principal repayment (Section 80C) and on interest (Section 24(b)), subject to limits, conditions and the tax regime chosen. Tax information is provided for general reference only. Eligibility, limits and applicability depend on the applicable Income Tax rules, tax regime and individual circumstances. Consult a qualified tax professional for advice.
Monthly EMI
₹43,391 / month
240 monthly payments (20 yrs)
Breakup of Total Payment
Principal vs Interest- Principal
- ₹50,00,000
- Total Interest
- ₹54,13,879
- Total Amount
- ₹1,04,13,879
Enter valid loan details to see a prepayment estimate.
Calculations use standard EMI amortization mathematics. Actual lender schedules may vary because of lender-specific rounding, dates, fees, rate changes and other terms.
Loan calculators
Calculators & Planning Tools
Three calculators are available today. More are being built.
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Amortization schedule
EMI Calculator
Monthly EMI, total interest, processing fee with GST, and a year-by-year schedule by calendar or financial year.
Start Analysis -
Lump sum or recurring
Prepayment Calculator
See how a one-time, monthly or yearly prepayment changes your tenure, EMI and total interest.
Explore Prepayment -
Side-by-side
Loan Comparison
Compare two loan offers by EMI, total interest, processing fee and GST, total cost and effective annual rate.
Compare 2 Offers -
Coming soon
Loan Affordability
Estimate a loan amount that fits your income and existing obligations.
Not available yet
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Coming soon
SIP & Step-Up
Project a SIP corpus with annual step-ups at an assumed rate of return.
Not available yet
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Coming soon
Rate Change Simulator
See how a change in a floating interest rate could affect your EMI or tenure.
Not available yet
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Coming soon
Balance Transfer
Estimate the net effect of moving a loan to a new lender after switching costs.
Not available yet
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Coming soon
Rent vs Buy
Compare renting with buying a home under assumptions you choose.
Not available yet
How CalcWise works
Clear Loan Numbers, No Sign-Up
CalcWise does not ask for your phone number, email or any login. You enter loan details and see the numbers.
Standard EMI Calculation
Calculations use standard EMI amortization mathematics. Actual lender schedules may vary because of lender-specific rounding, dates, fees, rate changes and other terms.
Privacy-Conscious
Calculations run in your browser. The numbers you enter are not sent to or stored on a CalcWise server. See the Privacy Policy.
Print, PDF & CSV
Print or save amortization schedules as PDF, grouped by calendar year or financial year (April–March), or export them as a CSV file that opens in Excel.
Free
No login required
₹ INR
Lakh & crore formatting
3
Loan calculators
In-browser
Calculations