5 Best Loan EMI Calculators in India - Loan Trivia


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Friday 24 February 2023

5 Best Loan EMI Calculators in India

If you are planning to avail of a loan in India, you must use an EMI calculator to calculate your tentative EMIs for the loan amount you are planning to take. Knowing this will help you assess the affordability of the loan for you as well as help you budget your monthly expenses. Here are 5 EMI calculators that are easy to use and accurate. 


If you do not know whether your lender will calculate your loan EMIs using the flat rate or based on the reducing balance method, you can use this calculator. It gives you various options to choose from and it can be trusted for accuracy every single time. 


This is again another EMI calculator that offers elaborate results. It asks you for basic information but it gives you an elaborate amortization schedule and tells you the exact amount of interest and principal left to be repaid after each month.


If you are using the PaySense calculator, you will not only know the EMI you will be required to pay each month with regard to the loan you wish to take, but you will also come to know the loan amount you are eligible for. Knowing your eligibility is helpful as it helps you achieve quick approval. 

Bajaj Finserv EMI calculator 

The Bajaj Finserv Home Loan EMI calculator is another super handy and easy-to-use EMI calculator. All you need to do to use this calculator is access it and enter three values- the principal amount you wish to borrow, the rate of interest you are being offered and the interest rate you will get. Once you enter this information, the calculator will give you your tentative EMIs as well as your total interest outgo for the principal amount you wish to borrow. 


This is another very good calculator. However, it can be used to calculate EMIs for only three different types of loans: personal loans, car loans, and home loans. 

An EMI calculator is a handy tool that can save you from making some terrible mistakes. Therefore, make sure to use this calculator to find the EMIs you can comfortably afford before applying for a loan of any kind.

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