Loan Calculator & EMI Planner
com.loancalcul
Calculate EMI, interest, prepayments, loan eligibility, affordability and repayment schedules. Complete financial planning for home loans, car loans, bike loans, personal loans, education loans, and business financing.
Smart Borrowing Starts with Clear Repayment Clarity
Loan Calculator & EMI Planner is a complete loan planning app for calculating EMI, interest, repayment schedules, prepayments, loan eligibility, affordability and more.
Whether you are planning a home loan, car loan, bike loan, personal loan, education loan or business loan, use practical calculators to understand your estimated monthly payment and total cost of borrowing before committing to financial contracts.
Accurate EMI Estimation
Quickly compute monthly installments, interest vs. principal distribution, and comprehensive loan amortization schedules.
Save Thousands with Prepayment
Simulate annual lump-sum part-payments or extra monthly EMIs to see how many years and interest costs you can eliminate.
100% Offline & Private
All financial math happens strictly on your mobile device. No login, no accounts, and zero sensitive financial data uploaded.
Interactive Loan & Prepayment Studio
Adjust the sliders below to calculate your estimated EMI and test how prepayments reduce interest and tenure.
💸 Test Prepayment Scenario
See how paying extra monthly reduces tenure and interest.
By paying an extra each month, your loan finishes in approximately instead of !
🧮 EMI & Loan Calculators
Enter your loan amount, interest rate and repayment period to quickly understand your estimated EMI and overall loan cost.
EMI & Monthly Payment
Compute exact monthly EMI for fixed or floating rate loans. Adjust tenure in months or years to match your monthly budget.
Interest Rate & Total Interest
Calculate the total interest you will pay over the entire loan life. Compare rates to see how a fraction of a percent alters your total cost.
Loan Tenure & Payoff Date
Evaluate shorter vs longer repayment periods. Understand how tenure extension lowers monthly EMI but significantly drives up interest.
Loan Eligibility Calculator
Estimate the maximum loan amount you may qualify for based on your monthly net income, existing obligations, and desired FOIR / DTI ratios.
Loan Affordability
Calculate a comfortable borrowing ceiling so loan repayments don't overburden your family living expenses and emergency savings.
Down Payment Planner
Determine the ideal down payment percentage for vehicles or properties to keep your loan-to-value (LTV) safe and minimize interest.
💰 Prepayment & Repayment Planning
Want to repay your loan faster? Explore different prepayment scenarios to eliminate debt ahead of schedule.
Lump-Sum Prepayment
Test investing a bonus, tax refund, or maturity proceeds as an ad-hoc principal payment to drastically reduce interest.
Annual Prepayment
Schedule recurring annual prepayments (e.g. 1 extra EMI or ₹50,000 every Diwali/year-end) and see compound tenure savings.
Monthly Extra Payment
Add ₹2,000 or ₹5,000 atop your regular EMI each month. Every rupee goes directly to principal reduction.
EMI vs Tenure Reduction
Compare keeping your EMI unchanged (shorter loan tenure) versus lowering your monthly EMI (cashflow relief).
Specialized Calculators for Every Financing Goal
Dedicated calculators tuned for specific lending types with realistic tenure brackets and norms.
Home Loan Suite
- Home Loan EMI: 10 to 30 year amortization models.
- Home Loan Eligibility: Multi-applicant income analysis.
- Home Loan Prepayment: Save years on large 20-year loans.
- Home Loan Balance Transfer: Evaluate switching lenders.
- Home Loan EMI vs Rent: Buying vs renting financial comparison.
Car & Bike Financing
- Car Loan EMI: 1 to 7 year vehicle loan brackets.
- Bike Loan EMI: Two-wheeler financing & dealer rates.
- Vehicle Loan Down Payment: On-road price minus loan amount.
- Vehicle Prepayment: Pay off auto loans before trade-in.
Personal, Gold & Business
- Personal Loan: High-rate unsecured borrowing cost estimator.
- Business Loan: Working capital & term loan repayments.
- Education Loan: Moratorium period & post-study EMI.
- Gold Loan & LAP: Loan against property and gold collateral.
🔄 Advanced Loan Planning & Refinancing
Balance Transfer & Refinancing
Evaluating an offer from another bank? Factor in processing fees, stamp duty, valuation charges and remaining tenure to verify whether transferring your balance yields net profit.
Prepayment vs. Investment Comparison
Should you prepay a 8.5% home loan or invest extra surplus funds in mutual funds / fixed deposits? Compare guaranteed debt savings against projected post-tax investment returns.
Loan Restructuring
Simulate changing terms midway through your repayment: step-up EMIs, step-down EMIs, moratorium periods, and tenure realignment after salary increments.
Multi-Loan Comparison
Compare two or three quotes side-by-side using interest rates, tenure, upfront administrative fees, and total effective borrower cost.
📅 Sample Amortization Breakdown
Illustration of how your monthly payment shifts from interest-heavy to principal-heavy over time.
| Year | Annual EMI Paid | Principal Paid | Interest Paid | Ending Balance |
|---|---|---|---|---|
| Year 1 | ₹2,60,148 | ₹50,712 | ₹2,09,436 | ₹24,49,288 |
| Year 3 | ₹2,60,148 | ₹60,252 | ₹1,99,896 | ₹23,22,816 |
| Year 5 | ₹2,60,148 | ₹71,592 | ₹1,88,556 | ₹21,72,504 |
| Year 10 | ₹2,60,148 | ₹1,09,848 | ₹1,50,300 | ₹16,73,856 |
| Year 15 | ₹2,60,148 | ₹1,68,528 | ₹91,620 | ₹9,09,432 |
| Year 20 (Payoff) | ₹2,60,148 | ₹2,58,492 | ₹1,656 | ₹0 (Paid Off) |
* The mobile app generates complete 120-month or 240-month line-by-line schedules with one tap, including opening balances, principal, interest, and closing balances for every single month.
100% Offline & Private Financial Calculations
Your loans, salaries, and interest figures stay strictly on your device.
No phone number, email address, or banking credentials required. Download and start calculating immediately.
Saved calculations and loan profiles are kept locally in device SQLite / storage. You can delete or clear records at any time.
Export calculations to PDF or image summaries to share with your family or loan advisor via WhatsApp, email, or print.
Important Information & Disclaimer
All calculations are estimates based on the information and assumptions entered by you. Actual loan terms, interest calculation methods, fees, taxes, eligibility criteria and repayment schedules may vary by lender and loan product.
Loan eligibility results are estimates only and do not represent loan approval, an offer, or a guarantee from any bank or financial institution.
Investment returns used in comparison calculations are assumptions and are not guaranteed.
Loan Calculator & EMI Planner is an independent loan calculation and planning app. It is not affiliated with, endorsed by, or sponsored by any bank, lender or government organization.
Frequently Asked Questions
How is EMI calculated in the app?
EMI is calculated using the standard mathematical reducing-balance formula: EMI = [P x R x (1+R)^N] / [(1+R)^N - 1], where P is loan principal, R is monthly interest rate, and N is the number of monthly installments.
How does prepayment reduce my overall loan cost?
When you make a part prepayment, 100% of that extra amount goes directly toward reducing your outstanding principal balance. Because subsequent monthly interest is computed on the reduced balance, you avoid paying interest on that principal for all remaining years.
Is an internet connection required to use the app?
No. All calculators, prepayment planners, amortization schedules, and comparison engines run 100% offline using your phone's processor.
Can I compare two different loan offers?
Yes. Use the Loan Comparison tool to input two loans with different interest rates, tenures, and processing fees to see which loan costs less over time.
Plan Your Loan with Confidence
Download Loan Calculator & EMI Planner free on Android and take full control of your loan schedules and prepayment savings today.