IndianDecisions
Smart Financial Calculators for Confident Decisions
Accurate EMI, loan, and affordability calculators built for Indian users, helping you plan your finances with ease.
Accurate Formulas
Fast Calculations
Free to Use
Updated for India
Loan & EMI Calculators
Loan Affordability Calculator
Assess if a loan fits your budget and lifestyle.
Use CalculatorWhy Choose IndianDecisions for Your Financial Planning?
- Built specifically for the Indian financial system and regulations.
- Get a clear, transparent breakdown of your EMI, principal, and interest.
- No cumbersome logins or registrations required for basic tools.
- Optimized for fast performance across all devices, especially mobile.
Frequently Asked Questions
EMI stands for Equated Monthly Installment. It is a fixed payment amount made by a borrower to a lender at a specified date each month. It helps pay off both interest and principal sum every month, so that over a specified number of years, the loan is fully paid off.
The most common formula for EMI is: EMI = P × R × (1 + R)N / ((1 + R)N - 1), where P is the principal loan amount, R is the monthly interest rate (annual rate divided by 1200), and N is the loan tenure in months. Our calculators use this and other advanced formulas for accuracy.
Yes, absolutely. Any amount paid over and above your regular EMI is considered a prepayment. Prepayments directly reduce your outstanding principal loan amount, which in turn reduces the total interest paid over the loan tenure and can significantly shorten your loan period.
Our calculators are built with industry-standard financial formulas and are rigorously tested for accuracy. They factor in typical Indian banking practices to provide reliable estimations. However, final figures might vary slightly based on specific bank policies and additional charges.