Features

Looking to manage your loan repayments effectively? Our Smart EMI calculator provides a quick and accurate way to determine your Equated Monthly Installments. Simply enter the loan amount, interest rate, and tenure, and our calculator will instantly display your EMI amount. Moreover, we offer the flexibility to incorporate multiple prepayment and interest rate options.

Why use our Smart EMI Calculator?

  1. Easy and Convenient: Our user-friendly EMI calculator allows you to effortlessly calculate your monthly installments within seconds, making financial planning a breeze.

  2. Accurate Results: Say goodbye to manual calculations and potential errors. Our EMI calculator ensures precise results, helping you make informed decisions about your loan repayments.

  3. Multiple Prepayments: Our EMI calculator offers the flexibility to input multiple prepayment amounts. Additionally, you can incorporate monthly, quarterly, semi-annual, and annual payouts to further customize your loan repayment calculations.

  4. Prepayment Savings and Loan Tenure Reduction: Instantly calculate the savings on your loan amount for planned or paid prepayments and determine the new loan tenure after making the prepayment.

    Get a comprehensive overview of your EMI, total principal, interest amount, prepayment amount, prepayment savings, total loan amount, and loan tenure, all conveniently displayed in one place.

    Prepayment Savings Reduction

  5. Floating Interest Rates: With our EMI calculator, you can input multiple interest rates for specified time periods, enabling you to plan for fluctuating interest rates and effectively manage changes in your loan amount and tenure.

    Add Multiple Interest Rate

    For instance, if the interest rate rises from 9.5% to 11% for a period of three years (from Jan-2025 to Dec-2027), it results in an additional loan payment of 1,32,71. However, when the interest rate returns to 9.5% starting from Jan-2028, and the loan plan switches to “Reduce EMI,” the EMI amount will be adjusted accordingly. Otherwise, it would persist with the higher EMI calculated during the 11% interest rate period.

    Interest Rate Loan Increase

  6. Export and Import Input: Once the calculation is completed, there is no need to restart later. You can export the input values as a text file, and when you reimport the file, you can seamlessly pick up where you left off, saving you time and effort.

    Export/Import

  7. Comprehensive Repayment Schedule: Explore the detailed breakdown of repayment schedule that provides month-wise and year-wise breakdowns. This schedule allows you to examine accurate principal and interest components, track EMIs, and observe interest rate fluctuations for a deeper understanding of your loan repayment journey.

    For instance, if the interest rate rises from 9.5% to 11% between Jan-2025 to Dec-2027, the EMI increases from 23,303 in Dec-2024 to 25,705 in Jan-2025. Upon reverting to 9.5% interest rate in Jan-2028, the EMI reduces to 23,548. This reduction is a result of selecting the “Reduce EMI” option; otherwise, the higher EMI of 25,705 would persist.

    Detailed Repayment Schedule1 Detailed Repayment Schedule2

  8. Financial Planning: Calculate EMIs for various loan amounts, interest rates, and tenures to find the most suitable repayment plan that aligns with your budget and financial goals.

  9. Time and Money Savings: By knowing your EMIs upfront, you can plan your finances effectively, avoiding any surprises and ensuring timely repayments. This saves you both time and money.

Remember, our Smart EMI calculator provides an estimate and does not consider any additional fees or charges associated with the loan. For accurate information, consult with your lender.

Use our Smart EMI calculator today to gain clarity on your loan repayments and take control of your financial future. Start planning wisely and make informed decisions with our convenient and reliable EMI calculator.