Is this calculator free to use?
Yes, completely free. No sign-up, no ads, no data collection. All calculations happen in your browser.
How accurate is the EMI calculation?
The calculation uses the standard reducing balance formula used by all Indian banks and is accurate to the rupee.
Can I model prepayments?
Yes. You can add any number of lump-sum prepayments or recurring extra EMIs on any future date and see the full impact on your schedule.
Does it work for floating rate loans?
Yes. You can add a rate-change event on any future date and the schedule will rebuild from that point forward at the new rate.
