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Financial Calculator

Let your financial journey benefit from the right decisions at every step of the way. IDFC FIRST Bank can help you make the right decision with the help of its financial calculators. Our financial calculators can assist you in evaluating the EMIs and SIPs of your loans and investments.

You can use the financial calculators online and structure your payments and investments most effectively. You can find different bank calculators on our website, including bank EMI calculator, SIP calculator, personal loan calculator, home loan calculator, car loan EMI calculator and FD calculator.Read More

From equated monthly instalment to interest cost, tenure, and loan amount, these financial calculators can tell you everything about your payments. From an investment perspective, you can use the SIP calculator and FD calculator to align your monthly or lump-sum investment with your long-term and short-term goals.Read Less


How do I use a financial calculator online?

Financial calculators can be used to calculate the EMI, loan amount, loan tenure and other details. They can also be used for getting the best out of your investment portfolio. You can select one from many bank calculators such as home loan EMI calculator and personal loan calculator, and then insert the relevant data to know the interest cost, equated monthly installment, and flexible loan amount.

How is monthly instalment calculated?

The equated monthly instalment is a function of three factors: loan amount, tenure, and interest rate. Usually, the monthly instalment is calculated using the formula:

EMI = [P x R x (1+R) ^ N] / [(1+R) ^ (N-1)]

EMI stands for equated monthly instalment; P is the loan amount you borrow; R is the rate of interest; and N is the tenure.

What are the different ways in which EMI can be calculated?

You can calculate your EMI by using the mathematical formula, the Excel spreadsheet, and online calculators.

The mathematical formula for calculating the EMI is:

EMI = [P x R x (1+R) ^ N] / [(1+R) ^ (N-1)]

EMI stands for equated monthly instalment; P is the loan amount you borrow; R is the rate of interest; and N is the tenure.

You can also use the PMT function on the Excel spreadsheet and calculate your EMI. It uses the syntax: PMT (rate, nper, pv). In the formula, rate represents the rate for the loan; nper represents the total number of payments for the loan; and pv is the present value.

Alternatively, you can use financial calculators for getting accurate estimates of your EMI. Home loan EMI calculator, personal loan calculator, car loan calculator, and bank EMI calculator are a few popular online bank calculators.