Bank Loan EMI Calculator

- Bank Loan Calculator is a free tool to calculate your home loan and vehicle loan Monthly payments.
- Option to calcuate Loan EMIs based on Reducing/Diminishing Balance Interest Rate OR Flat Interest Rate.
- This tool also allows you to drag Rate and Tenure bars to see impact on your Monthly payment calculation dynamically.
- Also gives you an option to generate loan repayment chart. The chart allows you to see the Principal and Interest components of your monthly payments.
- Now you can view graph of Interest and Principal components of your EMI. In Reducing Balance Loans, Interest component in EMI is highest when loan starts and gradually decreases, as the Loan duration comes to end.
- Unlimited loan period. 20 yr limit has been removed
- Send email, save to dropbox, send sms,...
- Loan calculation as followed by all leading banks, such as, SBI, HDFC, ICICI, etc.,