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Category 11
EMI, prepayment, credit card, and debt optimization.
11 TOOLS
Monthly reducing balance EMI: [P × r × (1+r)^n] / [(1+r)^n - 1] with complete principal/interest split
Recalculates amortisation schedule with lump-sum prepayments or periodic EMI step-ups; computes tenure and interest saved
Side-by-side comparison of interest rates, processing fees, and net total interest outflow between lenders
Exposes true effective APR of deceptively low flat-rate dealer loans compared against reducing balance loans
Standard EMI plus combined tax deduction savings: Sec 24(b) (max ₹2L interest) + Sec 80C (max ₹1.5L principal)
Computes car loan EMI plus on-road components: insurance, RTO tax, dealer processing fees, and depreciation
Repayment schedule factoring moratorium period and 100% uncapped tax deduction on interest under Sec 80E for 8 years
Computes personal loan EMI with 18% GST on processing fees and optional loan protection insurance
Solves for maximum loan borrowing capacity given monthly disposable surplus: Max Loan = EMI Capacity × [(1 - (1+r)^-n) / r]
Evaluates whether paying a higher down payment (interest saved) creates more wealth than investing the difference in equity mutual funds
Calculates instant overdraft credit line based on pledged equity (50% LTV) and debt (80% LTV) mutual fund units