About
Why this site exists and what you can do here.
Why We Built This
Buying a home is one of the biggest financial decisions most people make — and a home loan brings a lot of questions with it that go beyond just "what will my monthly payment be?" Should you prepay your loan early? Is switching to a different bank actually worth it? Is it cheaper to rent instead of buy? What tax benefits can you actually claim? Most calculators only answer the first question. This site tries to answer all of them, in one place, for free.
What You Can Do Here
This site has 10 calculators covering every major home loan decision, not just the basic EMI:
- EMI Calculator — Core loan calculator with charts, prepayment and amortization
- Tax Benefit Calculator — Old vs new regime, Section 24, 80C, first-time buyer benefit
- Affordability Calculator — Find the maximum property price you can comfortably afford
- Refinance Calculator — Should you switch lenders? Compare costs and find the breakeven
- Rent vs Buy — Which is financially better given your numbers?
- EMI vs Full Cash — Compare net worth: take a loan and invest, or pay cash
- Opportunity Cost Calculator — What could your down payment be worth if invested instead?
- Salary Growth Simulator — Project your affordable EMI and prepayment capacity over time
- Compare Loan Offers — Put up to 5 bank offers side by side
- Home Loan Education — EMI, prepayment, tax benefits and best practices explained
Every calculation runs directly in your browser — your loan amount, interest rate, and income figures never leave your device.
Who This Is For
First-time homebuyers working out what they can actually afford, existing borrowers deciding whether to prepay or refinance, anyone comparing loan offers from multiple banks, and people trying to decide between renting and buying. No prior finance knowledge is assumed.
Frequently Asked Questions
What is EMI?
EMI stands for Equated Monthly Installment — the fixed amount you pay every month toward your home loan. Each EMI covers two things: interest on the amount you still owe, and a small portion of the amount you originally borrowed (called the principal).
How is my EMI calculated?
Your EMI depends on three things: how much you borrow, the interest rate, and how many years you take to repay it (the tenure). A larger loan or higher interest rate increases your EMI. A longer tenure lowers your monthly EMI, but you end up paying more total interest over the life of the loan.
Does prepaying my loan actually save money?
Usually, yes. Paying extra toward your loan — beyond your regular EMI — reduces what you owe faster, which cuts down the interest you'd otherwise pay over the remaining years. The Prepayment Simulator shows exactly how much you'd save and how much sooner you'd be loan-free, using your own numbers.
Is this free to use?
Yes, completely free, with no sign-up or login required.
Do you store my loan details?
No. Every calculation happens directly in your browser, on your own device. Your loan amount, interest rate, and other figures are never sent to or stored on any server.
Is this financial or legal advice?
No. These calculators are educational tools to help you understand your options. They are not financial, tax, or legal advice. Please speak with a qualified professional — your bank, a financial advisor, or a chartered accountant — before making borrowing decisions.