Plan your finances with our free Loan EMI Calculator for FY 2025-26, tailored for Indian borrowers in cities like Chennai, Mumbai, Delhi, Bengaluru, and beyond. Calculate monthly EMI, total interest, and repayment schedules for home loans, car loans, or personal loans ranging from ₹50,000 to ₹1 crore. Understand tax benefits under Section 24 and Section 80C for home loans, explore foreclosure and prepayment options, and assess loan eligibility based on your income and credit score. Pair this tool with our Income Tax Calculator or SIP Calculator for comprehensive financial planning.
Plan your loan repayments with our free loan EMI calculator for FY 2025-26, designed for Indian borrowers.
Estimate your home loan EMI with interest rates of 8–12% and tenures up to 30 years, including tax benefits under Section 24 and 80C.
Get instant personal loan EMI and car loan EMI calculations for loans up to ₹1 crore with tenures up to 7 years.
Visual breakdown of principal and interest for your loan EMI.
| Month | EMI (₹) | Principal (₹) | Interest (₹) | Balance (₹) |
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Understanding loan eligibility, foreclosure, and prepayment rules is crucial for effective financial planning in FY 2025-26. Below are key details for Indian borrowers.
Eligibility depends on income, credit score (above 700 recommended), and debt-to-income ratio (below 40%). Salaried individuals, self-employed professionals, and businesses can apply. Required documents include identity proof (Aadhaar, PAN), address proof, income proof (salary slips, ITR), and bank statements.
Home loans range from ₹5 lakh to ₹10 crore (8–12% interest), car loans up to ₹1 crore (10–15%), and personal loans up to ₹50 lakh (12–24%). Maximum amounts depend on income and creditworthiness.
Foreclosure involves repaying the entire loan before its tenure ends. Banks may charge a penalty (1–5% of outstanding principal). Floating rate loans often have no penalty for individuals, but confirm with your lender.
Partial prepayments reduce the principal, lowering either the tenure or EMI. Penalties (1–3%) may apply for fixed-rate loans. Use our calculator to estimate savings, but verify lender terms.
Home loans offer deductions up to ₹2 lakh on interest (Section 24) and ₹1.5 lakh on principal (Section 80C) for FY 2025-26. Self-occupied and let-out properties have different rules. Use our Income Tax Calculator for detailed planning.
EMI is calculated using the formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is the loan amount, r is the monthly interest rate, and n is the repayment months.
Use our home loan EMI calculator by entering the loan amount, interest rate (typically 8–12%), and tenure (up to 30 years) to get instant results with tax benefit insights.
Our free loan EMI calculator India offers accurate EMI estimates, visual charts, and detailed repayment schedules for all loan types.
Yes, our car loan EMI calculator supports car loans with interest rates (10–15%) and tenures up to 7 years.
Loan foreclosure is the full repayment of a loan before its tenure ends. It eliminates future EMIs but may incur a penalty (1–5%). Check with your lender for FY 2025-26 terms.
Prepayment reduces the principal, lowering either your loan tenure or EMI, depending on lender terms. Use our calculator to estimate savings, but confirm with your bank.
Yes, use an average interest rate (e.g., 9–11% for 2025) in our calculator for an estimate. Floating rates vary, so results are approximate.
Home loans offer tax deductions up to ₹2 lakh on interest (Section 24) and ₹1.5 lakh on principal (Section 80C). Use our Income Tax Calculator for details.
Loan eligibility depends on income, credit score (above 700), and debt-to-income ratio (below 40%). Use our calculator to plan EMIs based on your budget.
Common documents include identity proof (Aadhaar, PAN), address proof, income proof (salary slips, ITR), and bank statements. Requirements vary by lender.
A higher credit score (above 750) can secure lower interest rates (8–10%), while a lower score may lead to higher rates (12–15%) or rejection.
Maximum loan amounts depend on income, credit score, and loan type. Home loans can go up to ₹10 crore, car loans up to ₹1 crore, and personal loans up to ₹50 lakh.