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Loan & Deposit Calculators

EMI, FD, RD, compound & simple interest

Taking a loan for a car or home, checking how much you can afford to borrow, or parking savings in a fixed or recurring deposit — these calculators use the exact amortization and compounding math Indian banks use, so the numbers you see here match your loan statement or FD receipt.

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EMI Schedule

Monthly installment + amortization

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FD Maturity

Quarterly compounding value

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RD Maturity

Monthly deposit growth

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Compound Interest

Any compounding frequency

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Loan Eligibility

Max loan by income

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Car Loan EMI

Vehicle financing installment

All Loan & Deposit Calculators

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EMI Calculator

Monthly EMI, total interest, and amortization schedule for any loan.

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Home Loan Eligibility

How much home loan you can qualify for, based on income and existing EMIs.

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Car Loan EMI Calculator

Monthly installment and interest for financing a car.

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Fixed Deposit Calculator

FD maturity value with simple or compound interest, quarterly compounding.

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Recurring Deposit Calculator

RD maturity value from monthly deposits and interest rate.

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Compound Interest Calculator

Compound interest on a principal with any compounding frequency.

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Simple Interest Calculator

Simple interest on principal, rate, and time period.

Planning to take a loan?

Start with Home Loan Eligibility or the EMI Calculator to know your monthly outgo before you commit. If you're buying property specifically, the Real Estate section has a dedicated Home Affordability calculator that factors in your full salary picture.

Calculate EMI →Home Affordability

How Loan EMIs and Deposits Work

An EMI (Equated Monthly Installment) is a fixed monthly payment that covers both principal and interest on a loan, calculated so the loan is fully repaid over its tenure. Because interest is charged on the reducing balance, a larger share of your early EMIs goes toward interest — which is why prepaying a loan early saves disproportionately more interest than paying the same extra amount later in the tenure.

On the savings side, Fixed Deposits (FDs) lock in a lumpsum at a guaranteed interest rate for a chosen tenure, with most Indian banks compounding quarterly. Recurring Deposits (RDs) work the same way but let you build the deposit gradually with equal monthly contributions — useful for goal-based saving without needing a lumpsum upfront. Both are considered low-risk, capital-guaranteed instruments, in contrast to market-linked options like mutual funds.

Frequently Asked Questions

How is EMI calculated?

EMI is calculated using the reducing-balance formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan principal, r is the monthly interest rate, and n is the number of monthly installments. Each EMI includes a shifting mix of interest and principal — interest is front-loaded, so early EMIs pay down mostly interest.

FD or RD — which is better for me?

Choose an FD if you have a lumpsum to deposit today and want it locked in at a fixed rate. Choose an RD if you want to build savings gradually with a fixed amount every month — it works like a forced savings habit. Both are taxed identically: interest is added to your income and taxed at your slab rate.

Is FD interest taxable in India?

Yes. FD interest is fully taxable at your income tax slab rate, and banks deduct TDS at 10% if your interest income from that bank exceeds ₹40,000/year (₹50,000 for senior citizens) in a financial year. You can claim a refund at tax filing time if your total tax liability is lower.

What's a good EMI-to-income ratio?

Most lenders and financial planners recommend keeping your total EMI obligations (all loans combined) under 40-50% of your monthly take-home income. Going beyond that leaves little room for savings, emergencies, or a rate hike on floating-rate loans.