An EMI calculator made for borrowers, not lenders.

What this site is

indiaemi.com is an independent EMI calculator for Indian borrowers. It runs entirely in your browser. There is no signup, no "apply for loan" funnel, no commission for steering you toward one lender over another. Nothing you type into the calculator leaves your browser.

What it does that others don't

Three things, in order of importance:

• Tax-aware EMI for home loans. Every other calculator shows you the bank's EMI. We also show what you actually pay after Section 24(b) and 80C deductions are applied, under the old regime. For most home loan borrowers in the 20% or 30% tax bracket, the real cost is 15-25% lower than the headline EMI.
• Prepay-or-invest math. A surplus of ₹10 lakh — should you prepay your home loan or invest it? Most calculators won't answer this. Ours does, based on your loan rate, expected investment return, and tax bracket.
• Refinance breakeven. Considering a balance transfer to a lower-rate lender? We calculate exactly when the new rate offsets the processing fees, so you can decide whether it's worth the paperwork.

What it doesn't do

We don't sell your information. We don't recommend lenders. We don't show "best loan offers today" or rate-comparison tables that are secretly affiliate-driven. We don't push pre-approved offers or follow you around the internet with retargeting ads.

If you want loan comparison, BankBazaar or Paisabazaar do that well — they make money from lead-gen, and they're upfront about it. We made a different choice: be a pure calculator and let users go to lenders on their own terms.

How the math works

The EMI formula is the standard reducing-balance formula used by every Indian bank: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1). Our amortization schedule, tax calculations, and prepayment scenarios use this same baseline. We've tested our outputs against published figures from SBI, HDFC, ICICI, and Axis — they match.

Tax calculations follow the latest Income Tax Act provisions, including Section 24(b) (₹2 lakh interest cap on self-occupied property), Section 80C (₹1.5 lakh principal cap, shared with other 80C investments), and — for loans sanctioned between 1 April 2019 and 31 March 2022 only — Section 80EEA (₹1.5 lakh additional interest for first-time buyers of properties under ₹45 lakh; this window is now closed).

Who runs this site

indiaemi.com is built and maintained by an independent developer (not a bank, NBFC, or financial advisory firm). We're not regulated by SEBI, RBI, or any other authority because we don't sell financial products or provide investment advice. We're a calculator.

The site is part of a small family of focused single-purpose tools sharing the same design language and operating principles — calculate something useful, charge nothing, don't waste the visitor's attention.

Get in touch

Bug reports, calculator improvements, missing features: contactus@indiaemi.com