Calculate your Equated Monthly Installment (EMI) for loans and plan your finances better.
See how your loan payments are distributed over time
| Year | Opening Balance | EMI Paid | Principal | Interest | Closing Balance |
|---|
Make informed decisions with these helpful tips
Longer tenure means lower EMI but higher total interest. Find the right balance for your budget.
Even a 0.5% difference in interest rate can save thousands over the loan tenure.
Making prepayments can significantly reduce your total interest burden.
Ensure your EMI doesn't exceed 40-50% of your monthly income for comfortable repayment.
Understand processing fees, prepayment charges, and other terms before applying.
Choose between fixed and floating interest rates based on market conditions and risk appetite.
Get instant approval and competitive rates with Hinex