EMI Calculator
Articles, guides, and in-depth tips for the EMI Calculator — everything you need to get the most out of it.
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Flat Rate vs Reducing Balance: The Same 7% Costs Double
Why Your Bank Extends the Loan Instead of Raising Your EMI — Variable Rate Mechanics and the Prepayment Decision
Floating rate loans that adjust tenure instead of EMI on a rate rise can extend your mortgage by 7+ years — costing ₹35+ lakh in additional payments — while keeping your monthly amount unchanged. Here's how the two rate-change adjustment mechanisms work (EMI adjustment vs tenure extension), why prepayment in the first year saves 3× more than the same amount in year 15, and India's RBI rules prohibiting prepayment charges on floating-rate home loans.
Why the Same Extra £5,000 Mortgage Payment Saves 3× More in Year 1 Than in Year 15 — Amortisation Mechanics Explained
An EMI is fixed every month, but the split between principal and interest changes dramatically across the loan's life — month 1 of a 20-year mortgage is mostly interest; month 200 is mostly principal. This is why a £5,000 extra payment in month 6 saves approximately £3,900 in future interest, while the same £5,000 extra payment in month 180 saves only £1,250. Here's the amortisation math, why early extra payments have disproportionate impact, and how to decide between overpaying vs investing extra cash.
Refinancing Breakeven: Why "Save $200/Month" Has a Cost — and a Timeline to Recover It
"Refinance and save $200/month" has an upfront cost that needs recovering — if closing costs are $4,000, the breakeven is 20 months, and selling or refinancing again before then turns the "savings" into a net loss. Here's the breakeven calculation, how "no closing cost" refinances shift rather than eliminate the cost, the points-vs-rate tradeoff, and why term-extension refinances are a fundamentally different (cash-flow vs total-cost) decision than rate refinances.
Business Finance Structures: Asset Finance, Invoice Factoring, and EBITDA-Based Lending
Businesses access finance structures that individuals can't: hire purchase vs operating lease for assets, invoice discounting to unlock cash from unpaid invoices, revolving credit facilities vs overdrafts, and EBITDA-based leverage ratios that determine how much a business can borrow.
Mortgages Explained: Amortisation, LTV, Fixed vs Variable Rates, and the Power of Overpayments
The EMI calculator gives a monthly payment — but total interest, LTV impact on rate, fixed vs tracker mortgages, and the overpayment calculation are what determine whether a mortgage is actually affordable over 25 years. Here's how mortgage amortisation works with real numbers.
EMI Calculator — How to Reduce Your Total Loan Cost with 3 Levers
Learn how EMI is structured, why early prepayment saves the most, and how to use the three levers — principal, rate, and tenure — to reduce your total loan cost, with a free EMI calculator.
EMI Calculator — Work Out Your Monthly Loan Payment Instantly
Learn how EMI is calculated, what affects your monthly loan payment, and how to use a free EMI calculator to plan home loans, car loans, and personal loans with real examples.
