Loan EMI Calculators for India
Planning a loan? Use BharatBills' free loan calculators to know your exact monthly EMI, total repayment amount, and full interest cost before you sign. Covers home loans, car loans, personal loans, education loans, and home loan eligibility.
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Pre-computed results for common scenarios — see the exact answer instantly.
EMI Calculation: ₹50 Lakh Home Loan at 8.75% for 20 Years
For a ₹50 Lakh loan at 8.75% over 20 years, you will pay more in total interest than the loan principal itself.
EMI Calculation: ₹25 Lakh Home Loan at 8.75% for 20 Years
Over 20 years at 8.75%, the total interest you pay equals roughly 1.07× your original principal — meaning you nearly pay for the home twice.
EMI Calculation: ₹30 Lakh Home Loan at 8.75% for 20 Years
At 8.75% for 20 years, total repayment on ₹30 Lakh is approximately ₹63.62 Lakh.
EMI Calculation: ₹1 Crore Home Loan at 8.75% for 20 Years
A ₹1 Crore loan at 8.75% for 20 years costs approximately ₹1.12 Crore in interest — more than the principal itself.
EMI Calculation: ₹10 Lakh Car Loan at 9% for 5 Years
A ₹10 Lakh car loan at 9% costs approximately ₹2.43 Lakh in total interest over 5 years.
EMI Calculation: ₹5 Lakh Personal Loan at 12% for 3 Years
At 12%, a 3-year personal loan of ₹5 Lakh costs approximately ₹97,770 in total interest.
EMI Calculation: ₹1 Lakh Two-Wheeler Loan at 10% for 3 Years
Total interest on ₹1 Lakh at 10% over 3 years is approximately ₹16,162.
EMI Calculation: ₹10 Lakh Education Loan at 11% for 7 Years
Section 80E allows full deduction of education loan interest for up to 8 years without any upper monetary ceiling.
Additional Pre-Computed Loan EMI Calculators for India Scenarios
Frequently Asked Questions
How is EMI calculated in India?
EMI is calculated using the standard monthly reducing balance formula: EMI = [P × r × (1+r)^n] / [(1+r)^n − 1], where P is principal, r is monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of monthly instalments. Indian commercial banks and NBFCs use this standard amortization method in compliance with RBI fair practices and loan disclosure norms.
What is the current home loan interest rate in India?
Home loan interest rates in India typically range from 8.5% to 9.5% p.a. for leading banks and HFCs, linked to the prevailing RBI repo rate benchmark. The actual rate depends on loan amount, tenure, credit score, and lender underwriting.
What is LTV ratio for home loans in India?
The Loan-to-Value (LTV) ratio represents the percentage of a property's value that a bank will finance. RBI's indicative regulatory ceilings are: up to 90% LTV for loans up to ₹30 Lakh; up to 80% for ₹30–75 Lakh; up to 75% for above ₹75 Lakh. Actual LTV is subject to lender policy and applicant credit profile.
Can I prepay my home loan?
Yes. RBI guidelines prohibit prepayment penalties on floating rate home loans from banks. Fixed-rate loans may carry prepayment charges. Part-prepayment reduces your outstanding principal and can significantly reduce total interest — especially if done in the early years.
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