Read the total, not only the EMI
A longer term can lower the monthly payment while increasing total interest. Compare total repayment and the time you will owe money, not only a smaller monthly number.
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Understand your loan, month by month
Estimate the monthly payment, compare interest rates and see how extra principal could change a fixed-rate loan.
1. Set loan assumptions2. Explore the breakdown3. Compare & export
Extra payments have conditions
The simulator assumes an extra amount is applied to principal each month. Your lender may charge fees or use different rules. Check your actual loan terms before making a payment.
What this estimate includes
A fixed-rate reducing-balance loan with monthly payments. EMI = P × r × (1+r)^n / ((1+r)^n - 1), where r is the annual rate divided by 12 and 100. At zero interest, EMI = P / n.
This is not a loan offer or financial advice. Fees, taxes, insurance, changing interest rates and lender-specific rounding are not included. Actual repayment can differ. Do not enter account numbers or personal details.
SEBI investor EMI calculator