Personal, home, car, education & other loans — same EMI math

Personal loans, home loans, car loans, two-wheeler loans, many business loans, loan against property, and education loans in the repayment phase typically share reducing-balance EMI. Use Loan EMI, Tenure, Interest, Amortization, and Prepayment with your product’s numbers in ₹.

Some education loans charge simple interest during study or moratorium, then convert to EMI. Some short-term products are pure simple interest. Credit cards and some overdrafts use different daily interest rules — not the same as a classic term-loan EMI.

Top-ups: if separate, calculate as a new EMI; if merged, use combined outstanding as principal. See the top-up guide.

Ignore the product marketing name. Take principal, annual rate, tenure (and floating resets or prepays if relevant) from your documents. Run the same tools. That keeps the product general without building a separate calculator per loan label.