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Financial Calculators — Plan Your Money

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Advanced EMI Planner

Prepayment impact · Amortization · Affordability · Loan types

💡 Annual prepayments reduce principal → save interest + tenure

Monthly EMI

₹4,499

Principal

₹5.00 L

Total Interest

₹5.80 L

Total Payment (Principal + Interest)

₹10.80 L

You pay 116% extra over 20 years

Affordability Check

Your monthly income should be at least

₹11,247

to keep EMI below 40% of income (recommended limit)

💡 Banks typically approve loans where EMI ≤ 40% of monthly income. Your EMI is 40% of ₹11,247.

Total Payment Breakdown

46%
54%
● Principal: ₹5.00 L● Interest: ₹5.80 L

Smart Tips

💡 Prepay early: Prepayments in first 5 years save 3x more interest than in last 5 years

💡 Refinance: If interest rates drop 1%+, consider balance transfer to save lakhs

💡 Shorter tenure: 15-year loan saves ~40% interest vs 30-year (same EMI effort)

Disclaimer: EMI calculation assumes fixed-rate loan. Actual EMI may vary for floating-rate loans. Processing fees, prepayment penalties, and GST not included.

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