Financial Toolkit
Your comprehensive financial planning solution
Formula: EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1]
Where P is the loan amount, r is the monthly interest rate, and n is the number of monthly installments.
Formula: Total Payment = P + (P × r × t)
Where P is the loan amount, r is the annual interest rate, and t is the loan tenure in years.
Formula: FV = P × [((1 + r)^n - 1) / r] × (1 + r)
Where P is the monthly investment, r is the monthly return rate, and n is the total number of payments.
Formula: Future Value = P × [((1 + r)^n - 1) / r]
Where P is the monthly savings, r is the monthly return rate, and n is the total number of payments until retirement.
EMI Calculation Results
Payment Breakdown (P+I+T)
EMI Breakdown
Monthly Principal
Monthly Interest
Monthly Tax
Total Payments
Loan Calculation Results
Loan Breakdown
SIP Calculation Results
SIP Breakdown
Retirement Planning Results
Retirement Breakdown
Financial Education
Expand your financial knowledge with these key concepts and terms
Understanding Interest Rates
Interest rates determine the cost of borrowing money. Lower rates mean cheaper loans, while higher rates increase returns on savings.
Power of Compounding
Compounding is when your investment earns returns, and those returns earn further returns. Over time, this creates exponential growth.
Importance of Insurance
Insurance protects against financial losses from unexpected events. Life, health, and property insurance are essential components of a solid financial plan.