Your privacy
All loan calculations run in your browser. We do not require names, bank details, Aadhaar, PAN or account registration. Optional saved scenarios and preferences use your browser's localStorage. They remain on your device and can be deleted with the Clear Saved Data button.
This app does not transmit financial inputs to a loan server. Your hosting company may process routine access logs (such as IP address and page requests) as part of serving the website.
Do not use a shared device to store sensitive scenarios. Clearing site data removes local records.
Understand your loan before you borrow
An EMI contains interest and repayment of principal. As outstanding principal declines, the interest portion generally falls and the principal portion rises in a fixed-rate reducing-balance schedule. A lower monthly EMI may cost more overall if the term is longer.
How is EMI calculated?
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), with P as principal, r as monthly interest and n as instalment count. A zero-rate loan uses P/n.
Understanding extra payments
Prepayments can reduce future interest. Check your agreement for charges and how additional amounts are applied. Estimates here do not automatically determine your legal entitlement.
Flat vs reducing rates
Flat-rate interest is charged on the original amount throughout the term. Reducing balance interest is calculated on outstanding principal. Advertised rates are not directly comparable.
Privacy-first calculations
Calculation runs in your browser. No sign-up, PAN, Aadhaar, bank details or MySQL database is required. Saved scenarios stay on this browser.