Overview

• Housing loans accounted for 14.2% of all loans in India as of March 2023, driving broader use of EMI calculators among buyers.
• Users can adjust loan amount, interest rate and tenure inputs to quickly see how each factor affects their monthly instalments.
• Calculators let borrowers model partial prepayments to forecast reduced outstanding balances and recalculated EMIs for smarter repayment timing.
• By holding principal and tenure constant, users can compare interest rates from banks and NBFCs to identify the most cost-effective loan offers.
• Accessible online and via mobile devices, these free tools cut down on manual errors and streamline long-term loan planning.