Plan your finances smartly. Use our EMI calculator to estimate monthly payments and total interest for education, home, and mortgage loans.
per month
| Loan Type | Typical Amount | Interest Rate | Typical Tenure | EMI Range |
|---|---|---|---|---|
| Education Loan (Abroad) | ₹10L-₹40L | 9-13% | 7-15 years | ₹12,000-₹55,000 |
| Education Loan (Domestic) | ₹2L-₹20L | 8-10% | 5-10 years | ₹4,000-₹30,000 |
| Home Loan | ₹20L-₹2Cr | 8.5-10% | 15-30 years | ₹18,000-₹1,50,000 |
| Mortgage/LAP | ₹10L-₹1Cr | 9-12% | 10-20 years | ₹12,000-₹1,20,000 |
The actual loan amount you borrow
Annual rate charged by the bank (varies by loan type and profile)
Duration for repaying the loan (longer tenure = lower EMI but more interest)
Paying 20-30% upfront reduces your loan amount and EMI significantly. Every lakh you pay extra saves thousands in interest.
Extending from 10 to 20 years can reduce EMI by 30-40%. But remember — total interest paid will be higher.
Making partial prepayments when possible reduces your principal and saves substantial interest over the loan life.
If rates drop, transfer your loan to a bank offering lower rates. Even 0.5% reduction saves lakhs over tenure.
Adding a co-applicant with income increases eligibility and may qualify you for better rates.
Banks offer waived processing fees and special rates during Diwali, New Year, and other festivals. Time your application right.