Loan Details
EMI Breakdown
Monthly EMI
Total Interest
Total Payment
Tech Venture Spot EMI Calculator
When planning a loan in India, the first number you need is your EMI (Equated Monthly Installment). Whether it’s a home loan in Mumbai, a car loan in Bengaluru, or a personal loan for business in Delhi, the right calculation can save you thousands of rupees and help you plan better.
Most online calculators show only the monthly EMI and total interest. The Tech Venture Spot EMI Calculator does more: it compares multiple loan offers side-by-side, factors GST and tax benefits, simulates prepayments, and produces shareable amortization reports—all for free and without registration.
Key Features (What Makes Our EMI Calculator Special)
- Multi-Loan Comparison: Compare home, personal, car, education, and business loan offers side-by-side and instantly see differences in EMI, total interest, and total repayment. [8, 13, 15, 16, 20]
- Bulk Upload (CSV / Excel): Upload bank offers or lender quotes and compare dozens of options in seconds—ideal for financial planners and advisers.
- GST & Tax-aware Calculations: Apply Indian GST where relevant and show tax savings under Section 80C and housing interest deductions. [30, 31, 32]
- Prepayment & Part-Payment Simulator: See how lump-sum payments lower interest and shorten tenure. [21, 22, 24, 27, 28]
- Detailed Amortization Schedule + Charts: Month-by-month principal/interest split and visual graphs for clarity.
- Export & Share: Download results as PDF/Excel; generate private shareable links for client reports.
- Accessible UI: Mobile-friendly layout, dark/light mode, keyboard navigation, and screen‑reader support.
Also Read: SBI SWP Calculator | Plan Mutual Fund Withdrawals
Loan Types Covered
Home Loan EMI Calculator
Includes options to factor in home loan interest deductions under Interest on house property (Section 24) — Income Tax Dept and Section 80C where applicable. The deduction for interest paid on a home loan is a significant tax-saving tool for homeowners. [7, 9, 10]
Car Loan EMI Calculator
Includes GST impact on the vehicle cost when applicable. When purchasing a car, the Goods and Services Tax is a major component of the on-road price. [39, 40] For official rates, refer to the GST rules & rates (CBIC / GST portal). [29]
Personal & Business Loan EMI Calculator
Calculates EMIs for unsecured personal borrowings and term loans for small business financing.
Education Loan EMI Calculator
Supports moratorium periods and other specific rules applicable to student loans in India. [37, 41]
Prepayment & Part-Payment Simulator
See how lump-sum payments or extra monthly payments can lower your interest outgo and shorten the loan tenure. After a prepayment, our tool shows scenarios for both reduced EMI and reduced tenure. For official guidelines on foreclosure, see the RBI guidelines on loan prepayment and foreclosure. [5, 6, 11, 12, 14]
Frequently Asked Questions (FAQ)
How is EMI calculated?
EMI is calculated using the formula: EMI = P × r × (1+r)^N / ((1+r)^N − 1), where P is the principal loan amount, r is the monthly interest rate (annual rate divided by 12 and 100), and N is the loan tenure in months.
Can I compare multiple bank loans?
Yes—our calculator allows you to upload multiple loan offers via CSV/Excel or enter them manually to compare EMIs, total interest, and repayment costs side-by-side. [8, 13, 16, 20]
Does this EMI calculator include tax benefits and GST?
Yes—you can enable tax options like Section 80C deductions and GST where applicable (for example, on cars or loan-related fees) to reflect the true cost of the loan. [30, 31]
Is the Tech Venture Spot EMI Calculator free to use?
Absolutely—it’s free and requires no registration for all key features, including comparison, amortization, and report exports.
How accurate is the calculator for Indian tax rules?
We incorporate common Indian tax considerations like Section 24 for home loan interest and Section 80C for principal repayment. [3, 4, 7] However, the applicability of these deductions can depend on whether you choose the new or old tax regime. For detailed guidance, consult the New vs Old tax regime FAQs — Income Tax Dept. [25] We always recommend consulting a tax professional for personalized advice. [18, 19, 23]
Which loans in India need GST included?
GST typically applies to goods and services financed by a loan, such as the purchase of a car. [39, 40] Our calculator lets you add these GST components to the total loan amount. The GST rates are determined by the GST Council notifications & rate clarifications. [17, 26, 36]
