Free EMI Calculator India — Home Loan, SIP & Income Tax
India's most detailed free financial calculator. Calculate home loan EMI with prepayment impact,
project SIP corpus with step-up, plan systematic withdrawals, and compare Old vs New Tax Regime
for FY 2026-27. No login required. Export to PDF & Excel.
🏠 Home Loan EMI👤 Personal Loan🚗 Car Loan📈 SIP Calculator💸 SWP Calculator💰 Lumpsum🧾 Income Tax FY 2026-27🎯 Retirement Planning🛡️ Emergency Fund
What can Arthashastri calculate?
🏠 Home Loan EMI Calculator
Calculate monthly EMI for home, personal, car, education and business loans. Add prepayments and see exact interest savings and loan closure date.
📈 SIP Calculator with Step-Up
Project your SIP corpus with optional annual step-up. See year-by-year growth table and final corpus at any return rate.
💸 SWP Calculator
Plan safe monthly withdrawals from your corpus. Calculates whether your fund is sustainable or shows when depletion occurs.
🧾 Income Tax Calculator
Compare Old vs New Regime side-by-side for FY 2026-27. Includes 80C, 80D, HRA, home loan interest deductions.
🔄 Reverse Loan Calculators
Find missing loan variables — calculate affordable loan amount from EMI, find actual interest rate, or estimate repayment tenure.
🎯 Planning Tools
Emergency fund calculator, retirement corpus planner, and goal-based savings — all in one free tool.
Example: ₹40 Lakh Home Loan at 8.5% for 20 Years
Monthly EMI: ₹34,717 | Total interest: ₹43.32 lakh (108% of principal) | Adding ₹50,000/year prepayment saves ₹5.8 lakh and closes the loan 2 years 4 months early.
Frequently Asked Questions
How is EMI calculated for a home loan in India?
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P = loan amount, r = monthly rate (annual rate ÷ 1200), n = tenure in months. A ₹40 lakh loan at 8.5% for 20 years gives an EMI of ₹34,717.
Does prepaying a home loan reduce EMI or tenure?
Most Indian banks (SBI, HDFC, ICICI) reduce tenure by default when you prepay. Reducing tenure saves far more interest than reducing EMI. Always ask your bank to reduce tenure, not EMI, after a prepayment.
How much tax can I save under Section 24b on a home loan?
Up to ₹2,00,000 per year deduction on interest for a self-occupied property. Principal repayment is deductible under Section 80C up to ₹1,50,000 per year.
Old vs New Tax Regime — which is better for FY 2026-27?
The Old Regime allows deductions (80C, HRA, 24b). The New Regime has lower slabs but no deductions. For salaried individuals with a home loan and investments, the Old Regime is often better. Use Arthashastri's Tax Calculator to compare for your exact income.
How much should I invest in SIP to reach ₹1 crore?
At 12% annual return: ₹5,000/month for 30 years, ₹10,600/month for 25 years, or ₹21,000/month for 20 years. A 10% annual step-up significantly reduces the required monthly amount.
Is it better to prepay a home loan or invest in SIP?
If your loan rate is 8.5%, the post-tax effective rate is ~6% (after 24b benefit). If SIP returns 10–12%, investing beats prepayment long-term. But prepayment gives guaranteed, risk-free savings. Ideal: build 6-month emergency fund first, then split surplus between SIP and prepayment.
What is a SWP and how does it work?
A Systematic Withdrawal Plan (SWP) lets you withdraw a fixed amount monthly from a mutual fund corpus. For example, ₹50 lakh at 8% return supports ₹40,000/month withdrawal indefinitely. Use the SWP Calculator to find your safe withdrawal amount.