EMI Result
Monthly EMI: ₹0
Tax Benefits
Principal (80C): ₹0
Interest (24b): ₹0
Total Tax Savings: ₹0
Loan Breakdown
Comparison Chart
Amortization Schedule
| Month | Principal | Interest | Balance |
|---|
Welcome to UniquePointer’s powerful and user-friendly Home Loan EMI Calculator with Prepayment, Tax Benefits. This free tool helps you accurately calculate your monthly EMI, track your loan repayment schedule, understand the impact of prepayments, and even estimate tax savings under the old regime. You can also download a PDF report for easy reference or sharing.
🔍 What Does This Calculator Offer?
- EMI Calculation – Enter loan amount, interest rate, and tenure to get your monthly installment.
- Prepayment Impact – See how partial or regular prepayments can help you reduce your total interest or shorten your loan duration.
- Tax Benefits – Estimate tax savings under old regime provisions (Section 80C and 24b).
- PDF Report – Generate and download a detailed report with amortization schedule and visual charts.
- New vs. Old Regime – Choose between tax regimes and automatically toggle the relevant fields.
⚠️ Disclaimer
This tool is provided for informational and planning purposes only. All calculations are approximate and may vary based on the specific terms and conditions of your lender. For exact values or financial advice, please consult your bank or a certified financial advisor.
Any changes in loan interest rate, tax rules, or repayment structure should be verified directly with the respective bank or financial institution.
🔍 Found an issue? If you notice any discrepancies or calculation errors, please report them to contact@uniquepointer.com so we can improve the tool.
🔐 Privacy Note
✅ Your inputs are not stored or transmitted to any server.
✅ This tool works entirely within your browser (client-side JavaScript).
✅ You retain complete privacy and control over your financial data.
🧮 How Is EMI Calculated?
We use the standard EMI formula:
EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]
Where:
- P = Principal Loan Amount
- R = Monthly Interest Rate (Annual rate / 12 / 100)
- N = Total Number of Monthly Installments
When you enable prepayment:
- Reduce EMI: keeps tenure constant, EMI amount is recalculated.
- Reduce Tenure: keeps EMI constant, tenure is reduced accordingly.
Tax savings (under old regime) are calculated using:
- Principal repayment: up to ₹1.5 lakh under Section 80C
- Interest paid: up to ₹2 lakh under Section 24(b)
These are applied against your inputted tax slab to estimate your potential savings.
📈 Why Use This Calculator?
- Instantly visualize your loan journey.
- Compare the cost of repaying early.
- Plan your finances better.
- Share or print your amortization schedule with ease.
📢 Start Calculating Now
Scroll down to use the calculator. Don’t forget to explore the chart comparisons and download your personalized report!
Please try our comprehensive EPF calculator as well and provide your valuable feedback on contact@uniquepointer.com
