Learn how EMIs really work
Short, practical guides that show the formula, walk through a worked example, and let you try the numbers yourself. Start with the pillar, then dig into the specifics.
Start here · Pillar guideHow EMI Is Calculated: The Formula, Explained Simply
How EMI is calculated with the reducing-balance formula — what each part means, a worked ₹10,00,000 example, and why early instalments are mostly interest.
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How Car EMI Is Calculated (With a Worked Example)
Car EMI uses the reducing-balance formula on your loan amount (on-road price minus down payment). See a full ₹8 lakh worked example with the split.
Updated 24 June 2026How EMI on a Personal Loan Is Calculated
Personal loan EMI uses the reducing-balance formula on an unsecured principal at a higher rate. See a full ₹5 lakh worked example with interest split.
Updated 24 June 2026How Home Loan EMI Is Calculated in India
Home loan EMI uses the reducing-balance formula on a floating repo-linked rate. See a ₹30 lakh worked example plus how RBI repo changes affect you.
Updated 24 June 2026What Is Reducing-Balance EMI?
Reducing-balance EMI charges interest only on your outstanding balance, which falls each month. See a ₹10 lakh worked example with the shifting split.
Updated 24 June 2026Flat Rate vs Reducing Balance: Why It Matters
A flat rate charges interest on the full principal throughout; reducing balance only on what you owe. A 10% flat rate ≈ 17.92% reducing — see the maths.
Updated 24 June 2026How Prepayment / Part-Payment Reduces Your EMI
Prepayment cuts your outstanding balance, so it kills future interest. See how a ₹3 lakh part-payment on a ₹30 lakh home loan saves ~₹9.5 lakh interest.
Updated 24 June 2026How Loan Tenure Affects Your EMI (and Total Interest)
A longer tenure lowers your EMI in a shrinking curve but raises total interest steeply. See a ₹10 lakh comparison across 10, 15, 20 and 25 years.
Updated 24 June 2026How the Interest Rate Affects Your EMI
See how each 0.5% change in your loan interest rate moves your EMI by a few hundred rupees but your total interest by lakhs over a 20-year term.
Updated 24 June 2026EMI vs No-Cost EMI, Explained
No-cost EMI splits a purchase into equal instalments with seemingly zero interest, but RBI says it is rarely truly free. Here is where the cost actually hides.
Updated 24 June 2026How to Reduce Your EMI: 6 Practical Levers
Six realistic ways to lower your loan EMI in India — from a bigger down payment to refinancing — and the trade-offs each one carries for your total interest.
Updated 24 June 2026What Happens If You Miss an EMI?
Missing a loan EMI in India triggers bounce charges, penal interest and a credit-bureau hit — and if it persists, recovery action. The timeline and what to do.
Updated 24 June 2026EMI on Top-Up Loans: How It Works
A top-up loan adds borrowing to your existing home loan at a slightly higher rate. See how its EMI is calculated and how it stacks onto your current instalment.
Updated 24 June 2026How Loan Foreclosure Affects Total Interest
Foreclosing a loan early saves interest because early payments are mostly interest. See how much you save closing a ₹10 lakh loan at 36 versus 60 months.
Updated 24 June 2026What Is an Amortization Schedule?
An amortization schedule lists every EMI's interest, principal and falling balance. See the first months of a ₹10 lakh loan and how the split shifts over time.
Updated 24 June 2026Home Loan Tax Benefits Explained (FY 2025-26)
How a home loan cuts your tax — Section 24(b) interest up to ₹2 lakh and Section 80C principal up to ₹1.5 lakh, and why the new regime changes the picture.
Updated 25 June 2026Old vs New Tax Regime for Home Loan Borrowers
The home-loan deductions live in the old regime, but the new regime's wider slabs often win anyway. How the break-even works, with a worked FY 2025-26 example.
Updated 25 June 2026Tax Benefits on a Joint Home Loan
Each co-owner who is also a co-borrower can claim Section 24(b) and 80C independently — so a couple can deduct up to ₹4 lakh interest and ₹3 lakh principal.
Updated 25 June 2026Pre-Construction Interest and How to Claim It
Interest paid before possession isn't deductible then — it's claimed in five equal instalments from the year construction completes, within the ₹2 lakh cap.
Updated 25 June 2026The 5-Year Sale Rule and 80C Reversal
Sell your home within five years of possession and the Section 80C principal deductions you claimed are reversed — added back to your income that year.
Updated 25 June 2026What Is FOIR and How Lenders Use It
FOIR is the share of your income already going to EMIs. Lenders cap it around 50–60% to decide your loan — here's how it sets the amount you can borrow.
Updated 25 June 2026How to Improve Your Home Loan Eligibility
Six levers that raise the home loan you qualify for — a longer tenure, clearing existing EMIs, a co-applicant, a better credit score and more, with the numbers.
Updated 25 June 2026Down Payment, LTV and What You Actually Need to Arrange
The loan only covers up to the LTV cap — the rest is your down payment, plus stamp duty and registration. Here's the real cash you need on a home purchase.
Updated 25 June 2026How the RBI Repo Rate Affects Your EMI
Most floating home loans track the RBI repo rate plus a spread. When the repo moves, your EMI or tenure moves — here's the chain, and what to do about it.
Updated 25 June 2026