Plan your Home, Vehicle, or Personal Loan EMIs with detailed charts and amortization schedules.
Want to calculate EMI with prepayment impact or
under-construction loan disbursement?
Try the Advanced EMI Calculator →
⚠️ Calculations shown are approximate and for illustration purposes only. Actual EMI and interest may vary based on your bank’s terms.
A simple side-by-side comparison of India’s most popular retirement options.
| Feature | 🏦 EPF | 🏛️ PPF | 📈 NPS |
|---|---|---|---|
| Eligibility | Salaried employees (EPFO members) | Any Indian resident | 18–70 years (Indian citizens) |
| Returns | ~8.25% (Declared annually by Govt) |
~7.1% (Quarterly fixed rate) |
~9–12% (Market-linked equity + debt) |
| Employer Contribution | 12% employer match | No employer contribution |
Government: Mandatory employer contribution Private sector: Optional (corporate NPS) |
| Lock-in Period |
Until retirement (~58 yrs) Partial withdrawal allowed after 5 yrs |
15 years Extendable in blocks of 5 yrs |
Non-Government: • Normal exit after 15 years of subscription or at age 60, whichever earlier • Premature exit allowed with annuity conditions Government Employees: • Locked until age 60 (retirement) |
| Tax Benefit |
Section 80C (₹1.5L) Employer contribution tax-free |
Section 80C (₹1.5L) |
80C (₹1.5L) + 80CCD(1B) extra ₹50K |
| Withdrawal / Exit |
Full withdrawal at retirement Partial withdrawal allowed |
Partial withdrawal after 7 years Full maturity after 15 years |
Non-Government: • Exit after 15 yrs or age 60 • ≤ ₹8L → 100% lump sum • ₹8–12L → ₹6L lump sum + phased withdrawal • > ₹12L → up to 80% lump sum + ≥20% annuity Government: • Exit only at age 60 • Minimum 40% annuity required |
| Maturity Tax | Tax-free* | Tax-free |
60% lump sum tax-free Annuity income taxable |
| Pension | EPS pension | No pension | Annuity-based pension after retirement |
| Risk Level | Low | Low | Medium (market linked) |
| Calculate Returns | 🧮 Use EPF Calculator | 🧮 Use PPF Calculator | 🧮 Use NPS Calculator |
*Subject to service conditions and prevailing tax laws.
Learn how EMIs work, how tenure and rates impact cost, and smart strategies to save interest.
Each EMI has two parts: principal (loan repayment) and interest (lender's charge). Early on, 70-80% goes to interest; later, most goes to principal. As your balance decreases, interest decreases too. This is why prepaying early saves the most.
Longer tenure = lower EMI but much higher total interest. Example: ₹10L loan at 9% for 5 years costs ₹2.5L interest vs 10 years costs ₹5.2L interest — double! Choose the shortest tenure you can afford comfortably.
Small rate differences = big savings. On a ₹20L/20yr loan, reducing rate from 9% to 8.5% saves ₹1.2L in interest. Always compare 3-4 lenders. Check if fixed or floating (MCLR-linked) suits you better. Even 0.25% matters over long tenures.
Keep EMIs below 40-50% of income. Prepay in first 5 years for maximum impact — ₹1L prepayment in year 2 can save ₹2-3L interest. Choose "reduce tenure" option when prepaying. Maintain 6-month EMI emergency buffer. Avoid multiple loans simultaneously.
EMI (Equated Monthly Instalment) is the fixed monthly payment made to repay a loan. It includes both principal and interest. EMI is calculated using the reducing balance formula: EMI = [P × R × (1 + R)^N] / [(1 + R)^N − 1], where P = Loan Amount, R = Monthly Interest Rate, and N = Tenure in months.
Indian banks such as SBI, HDFC, ICICI and Axis Bank use the reducing balance method for EMI calculation. Interest is charged only on the outstanding principal each month.
EMI (Equated Monthly Instalment) is a fixed monthly payment
made to repay a loan. It includes both principal and interest components.
It’s calculated using the formula:
EMI = [P × R × (1 + R)^N] / [(1 + R)^N − 1]
where P = Loan Amount, R = Monthly Interest Rate, and N = Loan Tenure (months).
A higher interest rate or longer tenure increases the total cost of your loan. Reducing tenure increases your EMI but saves significant interest overall.
Yes! You can calculate EMIs for home loans, car/vehicle loans, and personal loans instantly by selecting the appropriate tab at the top.
Because each EMI includes an interest portion. Over the tenure, you pay back your loan amount (principal) plus total interest charged by your lender.
For fixed-rate loans, your EMI stays constant throughout. For floating-rate loans, the EMI or tenure may adjust when the bank revises rates.
An amortization schedule is a detailed breakdown showing how each EMI splits between interest and principal, and the remaining balance after every payment. Our calculator displays this in a year-wise grouped format - click on any year to expand and see the month-by-month details for that year.
Yes! You can download the full amortization schedule as a PDF or Excel file for record-keeping or analysis. The download includes all monthly details with interest, principal, and outstanding balance for each month of your loan.
Results are approximate and for guidance only. Actual EMIs depend on your lender’s rounding method, rate changes, and loan type. Always confirm with your bank before making financial decisions.