Talk Money Pavan: Home Loan Calculator 2026
🏠Talk Money Pavan: Home Loan Calculator 2026
Monthly EMI
₹0
Total Interest
₹0
Total Payment
₹0
Loan Ends On
-
Amortization Schedule
| No. | Date | Opening Bal | EMI + Extra | Interest | Principal | Ending Bal |
|---|
People Also Ask (FAQs)
How does the 'Talk Money With Pavan' Home Loan Calculator help me save money?
This isn't just a calculator; it's a savings planner. By using the Prepayment Slider, you can see how paying just a little extra (like ₹2,000/month) can save you lakhs in interest and finish your loan years earlier. It turns complex math into simple savings.
Should I reduce my Loan Tenure or reduce my EMI amount?
The "Talk Money With Pavan" golden rule: Always reduce the Tenure. When you make a prepayment, reducing the tenure saves you massive interest. Reducing the EMI only lowers monthly burden but keeps you in debt for longer. Use the calculator to compare both scenarios!
the If I pay ₹5,000 extra every month, how fast will my loan finish?
It works like magic! For a standard 20-year loan, adding just ₹5,000 extra per month can often reduce your loan term by 5 to 7 years. Enter your specific amount in the "Extra Monthly Payment" box above to see the exact date you will be Loan Free.
Can I use this for a Car Loan or a Personal Loan repayment?
Absolutely! While the logic of "Home Loan" is long-term, the math remains the same. You can use this tool as a Car Loan Repayment Calculator or for Personal Loans by simply adjusting the Interest Rate and Tenure (e.g., 5-7 years for cars).
How do I budget my EMI using the Salary Calculator?
Great question! First, use our Talk Money With Pavan Salary Calculator to find your exact monthly surplus. If you have ₹30,000 left after expenses, try to keep your EMI under ₹15,000-₹20,000 so you still have room for investing and emergencies.
What if interest rates increase in 2025-2026?
Rising rates increase your tenure. If rates go up (e.g., from 8.5% to 9.5%), your bank usually increases the number of years, not the EMI. Use this calculator to see how a rate hike impacts your total interest and plan a prepayment to counter it.
Is it better to do a Lump-sum prepayment or increase the monthly EMI?
Both are great! A lump sum (like a yearly bonus) gives an instant drop in principal. Increasing monthly EMI builds a disciplined habit. This tool allows you to test the "Monthly Extra" option. For lump sums, you can simply subtract that amount from your Principal in the "Loan Amount" field to see the new EMI.
Does this calculator show the Amortisation Schedule?
Yes! Scroll down to see the Amortisation Table. It breaks down every single month's payment, showing exactly how much went into your Home (Principal) vs. how much went to the Bank (Interest).
How accurate is this Home Loan Repayment Calculator?
It is mathematically precise based on the "Reducing Balance Method" used by all major Indian banks (SBI, HDFC, ICICI). However, banks may have small processing fees or insurance charges which are not included here.
Why is my Total Interest higher than my Loan Amount?
This is the harsh reality of long-term loans. On a 20 or 30-year loan, you often end up paying double the amount you borrowed due to compound interest. The only way to beat this is by using the Prepayment feature on this tool!
.jpg)
Post a Comment