Loans
EMIs, interest types, and repayment and prepayment choices.
Fixed vs Floating Interest Rates
A fixed rate keeps your EMI constant regardless of market movements; a floating rate moves with a benchmark, so your EMI or tenure can change over time.
Read guide loansHow Is EMI Calculated?
An EMI is calculated with a standard formula from the loan amount, the monthly interest rate, and the number of months. Each EMI pays some interest and some principal.
Read guide loansHow Loan Interest Works
Most loans charge interest on the reducing outstanding balance, so interest falls as you repay. A flat rate charges on the original amount throughout and is effectively costlier.
Read guide loansHow Loan Prepayment Works
Prepaying a loan reduces the outstanding principal, which lowers future interest. You can usually choose to shorten the tenure or reduce the EMI — shortening tenure saves the most interest.
Read guideLoans Calculators
EMI Calculator
Calculate your loan EMI, total interest and repayment.
Home Loan EMI Calculator
Home loan EMI, total interest and amortisation schedule.
Personal Loan EMI Calculator
Personal loan EMI, total interest and repayment schedule.
Car Loan EMI Calculator
Car loan EMI, total interest and repayment schedule.
Loan Prepayment Calculator
See interest saved by prepaying a loan.