Loan & CreditProfessional Tools
Make informed borrowing decisions with our comprehensive loan and credit calculators. Compare loan options, calculate EMIs, and plan your debt management effectively.
Loan & Credit Calculators
Choose from our professional loan planning tools designed to help you make informed borrowing decisions
Loan EMI Calculator
Calculate your Equated Monthly Installments for personal, home, or car loans
Key Features:
Benefits:
- âEstimate monthly loan payments
- âPlan your loan repayment strategy
- âUnderstand total interest payable
Loan Calculator
Calculate monthly payments and create detailed amortization schedules
Key Features:
Benefits:
- âUnderstand your monthly obligations
- âPlan loan repayment strategy
- âCalculate total interest cost
Loan Comparator
Compare different loan options side by side to make informed decisions
Key Features:
Benefits:
- âCompare multiple loan offers
- âFind the most cost-effective option
- âMake informed borrowing decisions
Types of Loans
Understand different types of loans and their characteristics
Personal Loan
Unsecured loans for personal expenses with higher interest rates
Key Features:
- âĸNo Collateral
- âĸQuick Approval
- âĸHigher Interest
- âĸFlexible Usage
Typical Rates:
10-24% p.a.
Home Loan
Secured loans for property purchase with lower interest rates
Key Features:
- âĸProperty as Collateral
- âĸLower Interest
- âĸLong Tenure
- âĸTax Benefits
Typical Rates:
7-12% p.a.
Car Loan
Secured loans for vehicle purchase with moderate interest rates
Key Features:
- âĸVehicle as Collateral
- âĸModerate Interest
- âĸQuick Processing
- âĸFlexible Tenure
Typical Rates:
8-15% p.a.
Business Loan
Loans for business expansion and working capital needs
Key Features:
- âĸBusiness Purpose
- âĸCollateral Options
- âĸFlexible Terms
- âĸGrowth Support
Typical Rates:
12-20% p.a.
Smart Loan Planning Tips
Essential tips to help you make better borrowing decisions
Compare Interest Rates
Always compare interest rates from multiple lenders to get the best deal.
Check Processing Fees
Don't forget to factor in processing fees and other charges when comparing loans.
Choose Right Tenure
Longer tenure means lower EMI but higher total interest. Find the right balance.
Read Fine Print
Carefully read all terms and conditions, especially prepayment charges and penalties.
Key Loan Concepts
Understand the fundamental concepts behind loan calculations
EMI (Equated Monthly Installment)
Fixed monthly payment that includes both principal and interest components.
Formula:
EMI = P à r à (1 + r)^n / ((1 + r)^n - 1)
Where: P = Principal, r = Monthly Rate, n = Total Months
Amortization
The process of paying off a loan through regular payments over time.
Key Benefits:
- âĸInterest decreases over time
- âĸPrincipal increases over time
- âĸTotal payment remains constant
Prepayment
Paying off a loan before the scheduled maturity date.
Key Benefits:
- âĸReduces total interest cost
- âĸImproves credit score
- âĸFrees up monthly cash flow