EMI & Loan Guides
Plain-English guides on EMIs, interest, prepayment and choosing the right loan in India. Updated regularly.
Latest
Rates & NewsRBI Repo Rate Hike (October 2026): What It Does to Your Home Loan EMIRBI raised the repo rate by 25 bps to 5.50% on 7 October 2026. See what a 0.25% rise does to your EMI and tenure, with worked numbers for common loan sizes.Personal Loans₹10 Lakh Personal Loan EMI: Rates, Tenures and Total CostEMI on a ₹10 lakh personal loan at 11%, 14% and 18%, over 3 and 5 years, with total interest and tips to pick the right tenure.Home Loans9 Ways to Reduce Your Home Loan EMI (With Numbers)Nine practical ways to lower your home loan EMI or total interest, from a bigger down payment to a balance transfer, with the rupee impact of each.Saving InterestHow to Prepay Your Home Loan and Save Interest: Monthly vs Lump SumCompare monthly extra payments and lump-sum prepayments on a ₹50 lakh home loan, with the interest and years saved, and when to reduce EMI or tenure.Home LoansHow Much Home Loan Can I Get on My Salary? (Eligibility Table)Banks cap total EMIs at 40 to 50% of take-home pay. See the home loan you can get at different salaries, with the formula lenders use and ways to raise it.EMI BasicsHow EMI Is Calculated: Formula, Example and Excel MethodThe EMI formula explained with a worked example, a month-by-month split of interest and principal, and the Excel PMT formula you can copy.
Rates & News
Personal Loans
Personal Loans₹10 Lakh Personal Loan EMI: Rates, Tenures and Total CostEMI on a ₹10 lakh personal loan at 11%, 14% and 18%, over 3 and 5 years, with total interest and tips to pick the right tenure.Personal LoansCredit Card EMI vs Personal Loan: Which Costs Less?Converting a purchase to credit card EMI or taking a personal loan: compare the real cost, hidden fees and when each makes sense, with worked examples.
Home Loans
Home Loans9 Ways to Reduce Your Home Loan EMI (With Numbers)Nine practical ways to lower your home loan EMI or total interest, from a bigger down payment to a balance transfer, with the rupee impact of each.Home LoansHow Much Home Loan Can I Get on My Salary? (Eligibility Table)Banks cap total EMIs at 40 to 50% of take-home pay. See the home loan you can get at different salaries, with the formula lenders use and ways to raise it.Home LoansHome Loan Balance Transfer: When It Is Worth It (With Savings Table)A home loan balance transfer can save lakhs, but fees and tenure matter. Learn the break-even test and see savings for different rate gaps and remaining tenures.Home Loans20 Years or 30 Years: Which Home Loan Tenure Is Better?Compare 15, 20, 25 and 30-year home loan tenures on EMI, total interest and income needed, with a practical rule for choosing the right one.
Saving Interest
EMI Basics
EMI BasicsHow EMI Is Calculated: Formula, Example and Excel MethodThe EMI formula explained with a worked example, a month-by-month split of interest and principal, and the Excel PMT formula you can copy.EMI BasicsFlat Rate vs Reducing Rate: What 8% Flat Really CostsA flat interest rate costs far more than the same number on a reducing balance. See the conversion table and a worked example for car, bike and personal loans.