Loan Mitra: EMI Saathi

Loan Mitra: EMI Saathi is a clear, fast loan calculator that shows you the real cost of a loan before you commit — the monthly EMI, the total interest, every instalment, and the effective annual rate. WHAT YOU CAN DO • Work out the monthly EMI for any loan amount, tenure and interest rate • Compare interest methods — Flat, Reducing balance and Annuity • See the full repayment schedule, month by month, with principal, interest and the outstanding balance • Include processing fees, monthly service fees and optional insurance, so the total cost is not a surprise • See the Effective Annual Rate (EIR), which folds the fees into one honest number you can compare • Save scenarios and compare up to three of them side by side • Check affordability — how much of your monthly income your EMIs take up, and whether you are inside the safe 40% band BUILT TO BE TRUSTWORTHY • Transparent maths: instalments are rounded to the rupee and the final instalment is adjusted so the balance ends exactly at zero • Your saved scenarios stay on your device and are never uploaded • No clutter, no dark patterns, no pushy offers IMPORTANT Loan Mitra: EMI Saathi is a calculation and simulation tool. We do not provide loans, we do not disburse funds, and we do not approve credit. All figures are estimates for planning purposes and may differ from a lender's own calculation. Always read the terms offered by your lender before borrowing.