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Trusted guidance, not just numbers on a screen.
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Accurate Calculations
Advanced tools to give you reliable EMI insights.
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Quick assistance via WhatsApp and call support.
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Calculators
Choose your loan type
Each loan type has its own calculator, pre-set with realistic rates and tenures for that product in India, plus current rate ranges, an EMI-per-lakh table and the documents lenders ask for.
Popular calculations
Common starting points. Selecting one fills the calculator for you.
Quick loan guide
Four things worth knowing before you borrow.
Common questions about loans and EMI
The things people most often want to know before borrowing.
How is EMI calculated?
EMI stands for Equated Monthly Instalment, the fixed amount you pay every month. It is calculated as P × r × (1+r)n ÷ ((1+r)n − 1), where P is the loan amount, r is the monthly interest rate (the annual rate divided by 12 and then by 100) and n is the number of monthly payments.
For example, a ₹10,00,000 loan at 10% for 5 years gives an EMI of ₹21,247. A ₹50,00,000 home loan at 8.5% over 20 years gives ₹43,391 a month.
What is the difference between flat rate and reducing balance interest?
Reducing balance charges interest only on the amount you still owe, so the interest falls every month as you repay. Flat rate charges interest on the original loan amount for the whole tenure, no matter how much you have already paid back.
This matters enormously. A 10% flat rate over 5 years costs about the same as a 17.3% reducing-balance rate. The two numbers can never be compared directly, so always ask a lender which basis they are quoting.
How much home loan can I get on my salary?
Lenders usually allow your total EMIs to be somewhere between 40% and 60% of your monthly income. Bankers call this the FOIR, or Fixed Obligation to Income Ratio. Whatever you already pay each month in loan EMIs comes off that allowance first.
On a ₹1,00,000 monthly income at a 50% FOIR with no existing loans, that is around ₹50,000 of EMI capacity, roughly ₹57 lakh borrowed over 20 years at 8.5%. The eligibility estimator works this out for your own figures.
Does prepaying a loan reduce the EMI or the tenure?
You normally get to choose. Reducing the tenure saves considerably more interest, because you stop paying interest sooner. Reducing the EMI frees up money each month instead.
Lenders differ in which one they apply by default, so confirm it and ask for a revised repayment schedule. The prepayment calculator shows both options side by side.
What is an amortisation schedule?
An amortisation schedule lists every single payment of your loan and shows how much of each one goes towards interest and how much actually reduces what you borrowed.
Early payments are almost entirely interest and later ones are almost entirely principal. That is exactly why prepaying early saves far more than prepaying late. You will find the full schedule beneath the results on the EMI calculator.
What does a monthly, quarterly or annual rest mean on a loan?
The rest is how often your lender recalculates the balance that interest is charged on. With a monthly rest, every payment immediately reduces that balance. With a quarterly or annual rest, money you have already repaid keeps earning the lender interest until the next rest date.
The same quoted rate therefore costs you more on a longer rest. On a ₹50,00,000 loan at 8.5% over 20 years, an annual rest costs about ₹1.53 lakh more than a monthly rest.
What happens to my EMI if interest rates go up?
On a floating-rate loan the lender does one of two things: raises your EMI and keeps the tenure the same, or keeps the EMI and extends the tenure. These produce very different outcomes and should never be mixed up.
A 1% rise on a ₹45,00,000 balance with 18 years left adds roughly ₹2,810 a month if the EMI absorbs it, or about four extra years of payments if the tenure absorbs it instead. The rate simulator models both.
Is this EMI calculator free, and is my data safe?
It is completely free and there is nothing to sign up for. Every calculation runs inside your own browser, so nothing you enter (your income, loan amounts or credit score) is ever sent to a server or tracked. The site may show Google-served ads, which is separate from your calculations and never affects them. See the Disclaimer page for details.
Every loan and every kind of interest, in one calculator
Loans you can calculate
Home loan, home construction and home renovation loans, loan against property, car loan, two-wheeler loan, personal loan, education loan, gold loan, business loan, MSME loan, consumer durable loan, loan against securities, agricultural loan and credit card EMI, fifteen products in all, each with its own typical tenure, eligibility factors and document list in the loan guide.
Types of interest it handles
Fixed rate, floating rate and hybrid fixed-to-floating. Reducing balance on a monthly, quarterly, half-yearly or annual rest. Flat rate, with the true reducing-balance equivalent worked out for you. Interest-only or bullet repayment, where you service the interest monthly and clear the principal at the end. Zero-interest schemes are handled correctly too.
What it works out
Your monthly EMI, total interest, total repayment and the real total cost once processing fees and other charges are counted. A full month-by-month amortisation schedule you can search, filter and download. How much you could borrow, what a lump-sum prepayment would save, and what a rate change would do to your loan.
EMI Calculator
Enter your loan details to see your monthly payment, the total interest you will pay, and what the loan really costs once fees are added. Everything updates as you type.
Where your money goes
Loan balance over time
How much you still owe after each payment, and how much interest you have paid by then.
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Amortisation Schedule
Every single payment of the loan above, and how much of each one goes towards interest versus paying off what you borrowed. It updates whenever you change the loan.
| Payment # | Date | Opening balance | EMI | Principal | Interest | Closing balance |
|---|
Interest is charged on what you still owe, so early instalments are mostly interest and late ones are mostly principal. This is also why a prepayment made early saves far more than the same amount paid years later.
Does a longer loan cost more?
The same loan over different repayment periods. Taking longer to repay always lowers your monthly payment, and always costs you more interest in total.
EMI vs tenure
Total interest vs tenure
Loan Eligibility Estimator
How much could you borrow? This works it out the way a lender roughly does: start with what you earn, take away what you already pay each month, and cap the rest at a sensible share of your income. You can see and change every assumption below.
How this number was reached
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Loan Comparison
Put up to three loan offers side by side and see which one actually costs you less. The advertised interest rate can be misleading, so every offer is compared on what you really pay in the end.
Best on each measure
Full comparison
EMI, interest and total cost compared
Not sure which offer is genuinely best?
👉 Talk to a Kaithi Finance loan expert, we'll help you read the fine print and pick the right one.
Prepayment Calculator
Paying a lump sum towards your loan cuts the interest you still owe. You can take that benefit in one of two ways: a smaller monthly payment, or finishing the loan sooner. Both are shown side by side.
Total interest under each option
Talk to a Kaithi Finance loan expert
👉 Want help deciding between a lower EMI and a shorter tenure? Talk to our loan expert, or message us on WhatsApp.
Floating Rate Simulator
If your interest rate goes up, what happens to your loan? Nobody can predict rates, but you can see exactly what a rise or a fall would cost you, and decide whether you could handle it.
Rate scenarios
Scenario comparison
Loan Guide
Written for someone borrowing for the first time. Every topic has a plain explanation, a real example, the points that matter, and a short list of what to check before you sign anything.
Glossary
Every term a lender is likely to use, in plain English.
Saved Calculations
Nothing saved yet. Open the EMI Calculator, enter a loan, and choose “Save calculation”.
Disclaimer & Financial Information
General disclaimer
The information provided on Kaithi Finance is for general informational and educational purposes only. While we strive to keep the information accurate and up to date, we make no warranties or representations of any kind regarding the completeness, reliability, or accuracy of the information.
Kaithi Finance is not a bank, financial institution, or NBFC. We do not provide loans directly. We act as a guidance and support platform to help users understand loan options and connect with third-party loan processing partners.
All loan approvals, interest rates, eligibility, and terms are determined solely by the respective banks or financial institutions. Kaithi Finance does not influence or guarantee any loan approval.
The EMI calculations, eligibility estimates, and other tools available on this website are indicative and meant for general understanding only. Actual loan terms may vary based on lender policies and individual profiles.
By using this website and submitting your details, you acknowledge that you are doing so voluntarily. You also agree that Kaithi Finance may connect you with relevant third-party partners to assist with your loan process.
Kaithi Finance shall not be held responsible for any financial decisions made by users based on the information provided on this website. Users are advised to verify all details independently before making any financial commitments.
On the interest rates shown
Privacy and security
- No financial data is sent to any server. There is no server. Your income, loan amounts and every number you enter on a calculator are calculated entirely on your own device.
- Just browsing the site does not collect anything about you, this site does not run its own analytics or tracking cookies.
- If you choose to reach out through the enquiry form or WhatsApp, we collect only what you share (typically your name, phone number, city and loan requirement) to understand your needs and, where relevant, connect you with a loan processing partner. See our full Privacy Policy for details.
- Anything you save stays on your own device and can be deleted from the Saved page.
- This site may show advertisements supplied by Google AdSense. Google and its partners may use cookies and similar technologies to serve ads based on your visits to this and other sites, and may collect data for that purpose. Your loan calculations are unaffected by this, those still run entirely on your own device and are never transmitted. You can review Google's practices at policies.google.com/technologies/ads and manage ad personalisation at adssettings.google.com.
Educational explanation vs current regulatory requirement
Verify current RBI guidance
Calculation methodology
- Reducing balance EMI
- EMI = P × r × (1+r)n ÷ ((1+r)n − 1), where P is the principal, r is the monthly rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly payments. Where the rate is zero, EMI = P ÷ n.
- Flat rate
- Total interest = P × annual rate × years. Total repayment = P + total interest. EMI = total repayment ÷ n.
- Amortisation
- Interest each month is charged on the opening balance. The final instalment is adjusted so the closing balance is exactly zero, absorbing accumulated rounding.
- Eligibility and affordability
- Assessable income × assumed EMI-to-income ratio, less existing EMIs, converted into a loan amount by inverting the EMI formula. All assumptions are shown on screen and adjustable.
- Rounding
- Calculations are performed at full precision; only the display is rounded. Your lender's figures may differ by small amounts because of day-count conventions, disbursement dates and its own rounding rules.
Full legal pages
This page summarises the essentials. For the complete text, see our Privacy Policy and Terms & Conditions.
Privacy Policy
At Kaithi Finance, your privacy is important to us. We are committed to keeping your information secure and using it responsibly.
Last updated: September 2026
1. Information we collect
When you choose to enquire with us, we may collect basic details such as your name, mobile number, city, and loan requirements. This information is provided voluntarily by you.
2. How we use your information
Your information is used only to:
- Understand your loan requirement
- Provide guidance and support
- Connect you with relevant loan processing partners
3. Data privacy
Your loan calculations on our website remain private and are not stored or shared. We only use the information you choose to provide when you make an enquiry.
4. Data sharing
We may share your details with trusted loan processing partners solely for the purpose of assisting with your loan application. We do not sell your personal information to third parties.
5. Your choice
You are always in control. You can choose whether or not to share your details with us.
6. Contact
For any questions regarding your data or privacy, you can reach out to us via WhatsApp or through our enquiry form.
Terms & Conditions
Welcome to Kaithi Finance. By accessing and using this website, you agree to the following terms and conditions. Please read them carefully before using our services.
Last updated: September 2026
1. Nature of services
Kaithi Finance is an independent platform that provides loan-related information, EMI calculation tools, and guidance services. We do not directly provide loans, nor are we a bank or NBFC.
Our role is to assist users in understanding loan options and, if requested, connect them with third-party loan processing partners.
2. No financial guarantee
Kaithi Finance does not guarantee loan approval, interest rates, or eligibility. All loan approvals are subject to the policies and decisions of banks or financial institutions.
3. Accuracy of information
While we strive to provide accurate and up-to-date information, Kaithi Finance does not guarantee the completeness, reliability, or accuracy of any content, calculations, or results displayed on this website.
EMI calculations and eligibility estimates are indicative and for informational purposes only.
4. User responsibility
Users are responsible for providing accurate information when making an enquiry. Any decisions taken based on the information provided on this website are at the user's own discretion.
5. Third-party services
By submitting your details, you agree that Kaithi Finance may share your information with trusted loan processing partners for the purpose of assisting with your loan application.
Kaithi Finance is not responsible for the actions, services, or policies of third-party partners.
6. No professional advice
The content provided on this website is for general informational purposes only and should not be considered as financial, legal, or professional advice.
7. Limitation of liability
Kaithi Finance shall not be held liable for any direct or indirect loss, damages, or consequences arising from the use of this website or reliance on any information provided.
8. Intellectual property
All content, design, and materials on this website are the property of Kaithi Finance and may not be copied, reproduced, or distributed without permission.
9. Changes to terms
Kaithi Finance reserves the right to update or modify these Terms & Conditions at any time without prior notice.
10. Contact
For any queries, you can reach out to us via WhatsApp or through our enquiry form available on the website.
Enquire Now
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About Kaithi Finance
Kaithi Finance is built with a simple goal, to make loans easy to understand and accessible for everyone. Backed by real-world experience in loan processing and customer guidance, we help individuals make informed financial decisions with clarity and confidence.
Our approach is transparent, practical, and focused on your needs. From calculating your EMI to guiding you through the loan process, we ensure you get the right support, without confusion and without stepping out of your home.
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Reach us
- Phone +91 81067 84342
- Email hello@kaithifinance.com
- Address Hyderabad, Telangana, India 500075
What to expect when you reach out
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- Guidance is free and comes with no obligation to proceed with any lender.
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