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🇮🇳 India / Loans
Calculate EMI, total interest, and loan eligibility for Indian home loans and personal loans. Uses RBI repo rate benchmarks and actual lender rate ranges.
10 calculators
Calculate monthly EMI, total interest, and repayment schedule for any Indian business loan. Compare interest rates from banks and NBFCs to find the most affordable financing.
Calculate monthly EMI and total cost of a car loan in India. Enter loan amount, interest rate, and tenure to see your payment schedule and total interest paid to the bank.
Calculate EMI for Indian education loans including moratorium period and repayment phase. See total interest and plan repayment for domestic or overseas higher education financing.
Calculate Equated Monthly Instalment for any loan in India. Enter principal, interest rate, and tenure to get your monthly EMI, total interest, and complete amortisation schedule.
Calculate your gold loan eligibility, monthly interest, and total repayment cost. Estimate how much you can borrow against your gold jewellery from Indian banks and NBFCs.
Calculate EMI and total interest for a Loan Against Property in India. Estimate maximum LAP eligibility based on property value and LTV ratio offered by your lender.
Check your maximum home loan eligibility based on income, existing obligations, and lender norms. Find out how much a bank will lend you at current interest rates.
Calculate monthly EMI, total interest payable, and full repayment cost for any Indian personal loan. Compare rates from top banks and NBFCs to find the best deal.
Calculate monthly EMI and total cost of financing a bike or scooter in India. Compare two-wheeler loan rates from banks and see your complete repayment schedule.
Calculate EMI and total repayment cost for any vehicle loan in India. Covers cars, bikes, commercial vehicles, and electric vehicles financed by Indian banks or NBFCs.
India's lending market is benchmarked to the Reserve Bank of India's repo rate, which as of 2024 stands at 6.5%. Most floating-rate retail loans, including home loans, are now priced off an external benchmark (primarily the repo rate) following RBI's 2019 directive mandating external benchmark-linked rates (EBLR) for all new floating-rate loans. This means that when the RBI cuts or hikes rates, home loan EMIs adjust automatically within three months, giving borrowers more transparency than the earlier MCLR (Marginal Cost of Funds-based Lending Rate) system.
The EMI (Equated Monthly Instalment) is the standard loan repayment structure across India for home loans, car loans, and personal loans. Home loan rates typically range between 8.5% and 10% per annum depending on the lender, loan amount, and borrower profile, with PSU banks generally offering lower rates than private lenders. Personal loans, which are unsecured, carry materially higher rates of 10–24% per annum reflecting the additional credit risk to lenders.
Credit assessment in India revolves around the CIBIL score (range 300–900), issued by TransUnion CIBIL and equivalent in function to the US FICO score. A score of 750 or above qualifies borrowers for the most competitive rates across lenders. Other bureaus, including Experian, Equifax, and CRIF High Mark, also operate in India, but CIBIL remains the most widely referenced. Maintaining a low credit utilisation ratio and no missed EMIs are the primary drivers of a strong CIBIL score.
Home loan top-up eligibility (up to 90% LTV) is available for borrowers with existing home loans and a track record of regular EMI payments. The LTV ratio is subject to the property valuation, not just the original loan amount. For personal loans, pre-approved offers from existing bank relationships often carry sharply lower rates than fresh applications. Processing fees (0.5–2% of loan amount) add to the effective cost and should be factored into total loan cost comparisons.