Loans & EMI

6 min

Comprehensive EMI Calculator

Calculate EMI for home, car, personal, education loans with tax benefits (80C, 24b, 80E)

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Calculate EMI for home, car, personal, education loans. Compare interest rates, tenure, tax benefits. Home loan: 80C (₹1.5L principal) + 24b (₹2L interest). Education: 80E (full interest, 8 years). EMI = [P × r × (1+r)^n] / [(1+r)^n - 1]. Plan prepayment to save interest.

Loan Type *

Loan Amount (₹) *

Annual Interest Rate (%) *

Home: 8-9%, Car: 8-12%, Personal: 11-24%

Loan Tenure (Years) *

Home: up to 30Y, Car: 7Y, Personal: 5Y

Processing Fee & Other Charges (₹)

Typically 0.5-3% of loan amount (one-time charge)

Your Tax Slab (%) - For Tax Benefit Calculation

Applicable for home loan (80C, 24b) and education loan (80E)

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Related Tax Hacks

Joint Home Loan Doubling

₹2.2 lakhs family savings

Double tax benefits: Both co-borrowers claim separately

80E Unlimited Education Loan

₹2-5 lakhs over 8 years

Deduct full interest on education loan for 8 years

Two Properties Self-Occupied

₹1-3 lakhs annually

No notional rent on second property from AY 2026-27