The Hindustan Calculator EMI is India’s free, all-in-one EMI calculator for home loan EMI, car loan EMI, personal loan EMI, and education loan EMI. Calculate your monthly EMI instantly, see total interest payable, view the complete amortization schedule, and understand your loan repayment breakdown — all without login or app download. Whether you are planning a home loan EMI calculation for SBI, HDFC, or ICICI, checking a car loan EMI for your next vehicle, or comparing a personal loan EMI calculator result — this free EMI calculator India covers every scenario with accuracy and clarity.
| Year | Opening Balance | Principal Paid | Interest Paid | Total Paid | Closing Balance |
|---|
Choose from Home Loan, Car Loan, Personal Loan, or Education Loan. Each type pre-fills a typical interest rate to get you started quickly.
Type your loan amount in rupees. For a home loan, this is your required loan (property value minus down payment). For a car loan, it’s the on-road price minus your down payment.
Use the slider or type the rate directly. Compare rates from SBI (8.50%), HDFC (8.70%), ICICI (8.75%), Kotak (8.65%), and Axis (8.75%). Set tenure in years or months.
See your monthly EMI, total interest payable, total amount payable, and a visual pie chart showing principal vs interest ratio. View the complete year-wise amortization schedule.
Change tenure or interest rate to compare EMIs. A shorter tenure saves massive interest; a lower rate dramatically reduces total cost. Use this tool to negotiate better terms with your bank.
All banks and NBFCs use the same standard EMI formula approved by RBI:
P = Principal loan amount | r = Monthly interest rate (Annual rate ÷ 12 ÷ 100)
n = Total number of months (Years × 12)
Example — Home Loan: ₹30 lakh at 8.5% p.a. for 20 years
r = 8.5 ÷ 12 ÷ 100 = 0.00708 | n = 240
EMI = [30,00,000 × 0.00708 × (1.00708)²⁴⁰] ÷ [(1.00708)²⁴⁰ − 1] = ₹26,035/month
Total Payable = ₹62.48 lakh | Total Interest = ₹32.48 lakh
Key insight: On a 20-year home loan at 8.5%, you pay more than double the loan amount total — ₹32 lakh in interest on a ₹30 lakh loan. Reducing tenure to 15 years saves ₹10+ lakh in interest, though EMI increases by ~₹5,000.
| Loan Type | Bank / NBFC | Interest Rate (p.a.) | Max Tenure |
|---|---|---|---|
| Home Loan | SBI | 8.50% – 9.65% | 30 years |
| Home Loan | HDFC Bank | 8.70% – 9.55% | 30 years |
| Home Loan | ICICI Bank | 8.75% – 9.80% | 30 years |
| Home Loan | Kotak Mahindra | 8.65% – 9.50% | 20 years |
| Car Loan | SBI | 8.85% – 10.15% | 7 years |
| Car Loan | HDFC Bank | 9.00% – 11.50% | 7 years |
| Personal Loan | HDFC Bank | 10.50% – 24.00% | 5 years |
| Personal Loan | SBI | 11.45% – 14.60% | 6 years |
| Education Loan | SBI (Vidya Lakshmi) | 8.15% – 10.85% | 15 years |
| Education Loan | Bank of Baroda | 8.40% – 11.00% | 15 years |
Note: Rates are indicative for 2026 and vary by applicant credit score, income, and loan amount. Verify with your bank before applying.
One tool for Home Loan, Car Loan, Personal Loan, and Education Loan EMI. Each type auto-fills a relevant interest rate range, saving you time on research and giving instant comparisons.
See principal vs interest as a visual donut chart — not just numbers. Instantly understand what fraction of your total payment is interest, helping you decide tenure and negotiate rate cuts.
View the complete year-by-year repayment schedule — opening balance, principal paid, interest paid, and closing balance for every year. Essential for tracking loan payoff milestones.
Whether you are buying your dream home, financing a new car, or managing a personal loan — the Hindustan Calculator EMI gives you the clarity to make better financial decisions. Calculate your home loan EMI at SBI or HDFC rates, check your car loan EMI before the dealership, or compare personal loan EMIs across lenders in seconds. Use the amortization schedule to understand exactly how your loan reduces each year — and where prepayment makes the most impact. Bookmark this free EMI calculator and share it with family and friends planning their next loan.
