Free Personal Finance Calculators & Tools

About CreditMantri Calculators

You do not need an accountant or a PhD in Maths to manage your personal finances. The CreditMantri website offers a range of tools that will help you simplify your personal finances whether related to loans, or income tax. Calculating interest payments, your tax liabilities or your monthly EMI payments was never so easy!

The CreditMantri online tools are:

Quick – you get instant results, saving your hours of calculations

Accurate - they eliminate the possibility of human error especially when doing multiple calculations

Simple to use – the tools are designed so that they are easy to use and do not require any specialised knowledge of finance or maths

Free – Using our free tools saves you the expense of paying a finance professional.

Personal Loan EMI Calculator

Our easy-to-use online personal loan EMI calculator helps you calculate your monthly EMI. With CreditMantri’s online personal loan EMI calculator, you can plan your borrowings and loan repayments as per your requirements. You can try a variety of combinations of loan amounts, tenures and interest rates to check which loan offer is best suited to your needs.

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Home Loan EMI Calculator

Confused about the innumerable home loan offers on the market? Use CreditMantri’s free Home Loan EMI Calculator and relieve yourself of the tedious and repetitive calculations required to find the best offer. You can input any number of combinations of loan amounts, tenures and interest rates to calculate your potential repayment burden. This simple and easy-to-use tool will instantly let you know your monthly EMI on a variety of home loan offers.

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Income Tax Calculator

Doing your IT return is never fun. Our easy-to-use and free online tool helps you save time and effort when calculating your taxes. It helps determine the income tax liability for salaried, self-employed or business people in a simple, accurate and structured manner.

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Currency Converter Calculator

A currency converter is an online tool that converts the value of one currency into the relative values of other currencies. Currency conversion is achieved using special software codes that is pre-programmed in the currency convertor and is designed such that the conversion is done quickly and accurately.

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What is EMI?

Today, unlike earlier times, loans have become an integral part of our lifestyle. Whether you want to buy a car, or a house, or have an unexpected emergency, loans have become a convenient go-to option and play a vital role in our everyday life.

It therefore becomes all the more important to understand all aspects of a loan. One of the most important words associated with any loan is EMI. EMI stands for Equated Monthly Installment and is the monthly payment you need to make to pay off your loan fully and on time. An EMI payment includes contributions towards both the principal amount as well as the interest due on the loan amount.

What is an EMI Calculator?

An EMI Calculator is an easy way to calculate your monthly financial outflow towards making loan repayments. It is an online tool that requires you to input the amount of money you want to borrow (loan amount), the duration of the loan (tenure or period), the interest rate and the processing fee. (If you do not know the processing fee, you could check with your lender.) An online EMI calculator is the preferred choice when it comes to calculating your monthly EMIs as it gives instant and accurate results and can be used any number of times.

How is the EMI calculated?

Calculating EMIs can be a tedious and often confusing process. CreditMantri’s free and user-friendly online EMI Calculator helps you quickly calculate the monthly instalments payable on any of the loans you have undertaken—be it a personal loan, home loan or auto loan. Using our EMI Calculator, all you need to do is enter the following information:

  • The loan amount
  • Tenure
  • Rate of Interest
  • Processing fee

Our tool will do the rest for you and present you with a detailed break-up of the monthly repayment amounts you need to make over the entire tenure of your loan in order to pay off your loan in full.

Types of Calculator tools

Personal Loan EMI Calculator

CreditMantri’s Personal Loan EMI Calculator is a free online tool that helps calculate the exact amount that you will have to pay on a monthly basis as EMI when you decide to take a personal loan. With this user-friendly tool, all you need to do is to input just 4 details - the amount you want to borrow, the interest rate, the time period of the loan and the processing fee. The Calculator will do the rest. The tool will provide you with the EMI amount you will need to pay every month.

In addition to your monthly EMI outflow, you will also see the amortization table on your loan. An amortization table gives you details about every monthly payment you have to make and the payment schedule for the tenure of your loan. It helps you understand where you stand with your payments at any point of time. A basic amortization table includes the following:

  • Monthly EMI amount
  • Interest component of EMI
  • Principal component of EMI
  • Remaining loan balance

Home Loan EMI Calculator

CreditMantri’s Home Loan EMI Calculator is a user-friendly online tool that allows you to calculate the exact amount that you will need to pay on a monthly basis to pay off your home loan. The tool will show you a detailed break up for each monthly payment including the principal and interest components. Use CreditMantri’s free online Home Loan EMI Calculator before applying for a loan to check what kind of loan you can afford to borrow.

You can use the EMI calculator any number of times, using different loan amounts, tenures and interest rates to check your borrowing capability. The tool is fast, easy to use, accurate and free and will help you gain a better understanding of your repayment obligations.

Income Tax Calculator

You can now use CreditMantri’s user-friendly Income Tax Calculator to calculate your taxes. The Income Tax Calculator allows you to calculate your tax liabilities in a hassle-free and easy manner. You will need to input the details needed to calculate your income tax - for example, your gross salary, your income from other sources, possible deductions under 80C, 80D, 80G, 80GG, and other sections wherever applicable. The tool will do the rest for you. It is designed to be simple to use and to take out much of the stress and anxiety of correctly calculating your taxes year after year.