Crededal

EMI Calculator

Estimate your monthly payment, total interest, and payoff timeline. No jargon.

Monthly EMI
₹12,668
for ₹10,00,000 over 10 years at 9%
Includes interest only. Fees and taxes may apply.
Extra payments
Use the toggles above to simulate recurring extras, a step-up plan, or a one-time payment.
Total Interest
₹5,20,109
Total Payment
₹15,20,109
Timeline
Principal vs Interest
Cut interest now
Try adding ₹600 monthly as an extra.
Close sooner
One‑time part‑payment of ₹38,003 can shave months off.
Step‑up plan
Increase extras by ₹500 every 12 months.

Smart borrowing guide

Personal loan + prepay
36 mo, 14% with ₹1k/mo extra
Car loan early close
Penalty 2%, ₹50k at 12th mo
Home loan India
₹50L, 9% for 20 years
Credit card payoff
₹80k, 36% APR + ₹2k extra
📉 Borrow smart
  • Prefer appreciating assets with clear ROI.
  • Keep EMI ≤ 30–35% of take‑home + 6‑month buffer.
  • Avoid rates >16% unless it’s short‑term and urgent.
💡 Use part‑payment
  • Use bonuses/refunds for one‑time part‑payments.
  • Add small recurring extras (₹2k/mo+) from month 1.
  • Compare penalty vs interest saved; choose higher gain.
⏱️ Close faster
  • Step‑up extras every 6–12 months.
  • Round EMI to next ₹500/₹1000 automatically.
  • Pay high‑interest loans first; collect NOC at end.

Disclaimer: Results are estimates. Actual EMI may vary by lender. Assumptions