Disclaimer

Last updated: 25 September 2026

CalcWise provides financial calculations and general educational information. Results are estimates and may differ from actual lender calculations. Users should verify loan terms, interest rates, fees, taxes and eligibility directly with the lender or a qualified professional.

Calculation method

Calculations use standard EMI amortization mathematics (monthly reducing balance). Actual lender schedules may vary because of lender-specific rounding, dates, broken-period interest, fees, rate changes (for example, on floating-rate loans) and other terms. Amounts are shown rounded to the nearest rupee.

Interest rates

Any interest rates shown as quick examples are illustrative only. They are not current rates from any lender. Rates shown are illustrative and should be verified with the lender.

Prepayment charges

Prepayment charges depend on the loan type, lender and applicable regulations. Certain floating-rate loans to individual borrowers may have exemptions from prepayment charges under applicable RBI rules. Verify the current terms with your lender. The calculators do not include prepayment charges.

Fees and GST

Processing fees and GST are calculated only from the percentages you enter. Other charges (for example legal, valuation, insurance or stamp duty) are not included.

Tax information

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.

No advice

Nothing on CalcWise is personalised financial, investment, tax or legal advice, or a recommendation to take any loan or make any prepayment. Interest saved through prepayment is a reduction in the interest payable on a loan; it is not an investment return.