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Loan calculators

Understand EMIs, interest cost and repayment schedules.

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Guide

What loan calculators are for

A loan calculator turns the three numbers a lender quotes you — amount, rate and tenure — into the two that actually matter: what you pay each month, and what the loan costs you in total.

The second number is the one borrowers underestimate. On a long home loan, total interest can approach or exceed the principal, and the tenure moves it far more than a small difference in rate does.