Loan Intelligence

EMI Calculator — Know Your True Loan Cost

Standard EMI calculation plus a prepayment analyzer showing exactly how much interest you save by prepaying, and whether your EMI burden is too high.

Calculate My EMI
Works for home, car, and personal loans
Prepayment analyzer shows exact interest saved on lump-sum or recurring prepayments
EMI-to-income ratio check against RBI's recommended threshold
Amortization breakdown — principal vs interest over the loan tenure

How it's calculated

1
Enter loan amount, tenure, and rate
Input your principal, interest rate, and tenure in years to get your monthly EMI.
2
See your EMI-to-income ratio
We compare your total EMI outflow against your monthly income using RBI's prudential debt norms.
3
Model a prepayment scenario
Enter a lump sum or extra monthly amount to see the reduced tenure and total interest saved.
4
Get a prioritized payoff strategy
If you have multiple loans, Fiiuno suggests which to prepay first based on interest rate and impact.

Benchmarks we use

40%
Max recommended EMI-to-income ratio
RBI prudential norm — total EMI outflow should stay below 40% of your take-home income.
50%+
High-risk EMI burden threshold
Above this level, you're considered over-leveraged with limited room for financial shocks.

Frequently Asked Questions

How is EMI calculated?
EMI uses the standard reducing-balance formula based on principal, monthly interest rate, and number of installments.
Does prepayment always reduce tenure, not EMI?
Most Indian lenders let you choose: reduce tenure (keep EMI same, pay off faster) or reduce EMI (keep tenure same, lower monthly payment). We show interest savings for tenure-reduction, which typically saves more.
Is there a prepayment penalty?
Floating-rate home loans in India generally cannot charge prepayment penalties per RBI/NHB rules. Personal and car loans, and fixed-rate loans, may still have charges — check your loan agreement.
Should I prepay my loan or invest instead?
If your loan interest rate is higher than your expected investment returns (post-tax), prepayment usually wins. Fiiuno's full platform runs this comparison using your actual numbers.

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This tool is one part of your complete financial picture. See your full score across cash flow, investments, insurance, debt, and emergency fund — free during beta.

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