Terms & Conditions

By accessing and using this EMI Calculator ("the Service"), you accept and agree to be bound by the terms and provision of this agreement. If you do not agree to abide by the above, please do not use this service.

We reserve the right to modify these Terms & Conditions at any time without notice. Your continued use of the Service following any changes indicates your acceptance of the new Terms & Conditions.

The EMI Calculator is an educational and informational tool designed to help you understand how loan EMIs are calculated. The service provides:

• EMI calculations based on inputs you provide
• Amortization schedules showing month-by-month payment breakdowns
• Key Facts Statement generation in RBI-mandated format
• Annual Percentage Rate (APR) calculations
• Loan comparison and affordability analysis tools
• Educational content about loans and borrower rights

In no event shall we be liable for any indirect, incidental, special, consequential, or punitive damages arising from:

• Your use of or inability to use the Service
• Reliance on information provided by the calculator
• Any loan decision you make based on our calculations
• Financial losses or damages resulting from loan agreements
• Service interruptions, errors, or omissions

You use this Service entirely at your own risk and discretion.

This Service is NOT financial advice. We do not provide financial, legal, or tax advice. The information on this platform is for educational purposes only.

Before taking any loan decision, you should:

• Consult with a certified financial advisor
• Review loan documents carefully with a lawyer if needed
• Compare offers from multiple lenders
• Assess your personal financial situation
• Understand all terms, conditions, and charges

EMI Formula Used: All EMI calculations use the RBI-accepted monthly reducing balance method.

EMI = P × r × (1+r)^n / [(1+r)^n − 1]

While our calculations use precise mathematical formulas, rounding errors may occur due to currency precision (2 decimal places). The final month's payment may vary slightly to account for accumulated rounding.

Important: Banks apply various methods to determine EMI. Some may use different rounding methods, compounding frequencies, or fee structures that may result in different EMI amounts.

We do NOT collect, store, or transmit your data. All calculations are performed locally in your browser.

No Account Required: This calculator does not require login, registration, or personal information.

Your Privacy: Any data you enter stays on your device. We have no access to your inputs or calculations.

Browser Data: Your browser may cache data locally as per your browser settings. This is not controlled by us.

Third-Party Services: If the platform uses any analytics or third-party services, they are governed by their own privacy policies.

You agree to use this Service only for lawful purposes and in a way that does not infringe upon the rights of others or restrict their use and enjoyment of the Service.

Prohibited behavior includes:

• Harassing or causing distress or inconvenience to any person
• Transmitting obscene or offensive content
• Disrupting the normal flow of dialogue within our platforms
• Reproducing or redistributing the calculator's content without permission
• Using automated systems to scrape or copy data

Unless otherwise stated, we own the intellectual property rights for all material on this platform. All intellectual property rights are reserved.

You may view and print pages from the Service for your personal use, subject to restrictions set in these Terms & Conditions.

You must not:

• Republish material from this Service
• Sell, rent, or sub-license material from this Service
• Reproduce, duplicate, or copy material from this for commercial purposes
• Redistribute content unless content is specifically made for redistribution

The information on this platform is provided on an "as is" and "as available" basis. We make no representations or warranties of any kind, express or implied, as to the operation of this Service or the information, content, materials, or products included on this Service.

You expressly agree that your use of this Service is at your sole risk. To the full extent permissible by law, we disclaim all warranties, express or implied, including but not limited to, implied warranties of merchantability and fitness for a particular purpose.

We do not guarantee that this Service will be available at all times. The Service may be subject to limitations, delays, and other problems inherent in the use of the Internet and electronic communications.

We will not be responsible or liable for any interruptions, delays, errors, or problems in the Service.

This platform may contain links to third-party websites. We are not responsible for the content, accuracy, or practices of these external websites. Your use of third-party websites is at your own risk and subject to their terms and conditions.

We do not endorse or assume responsibility for any third-party content, products, or services.

RBI Compliance: This calculator follows RBI-accepted EMI calculation standards. However, it is not endorsed or approved by the Reserve Bank of India.

Not a Banking Service: We are not a bank or financial institution. We do not offer actual loans or lending services.

Applicable Laws: For disputes in India, the following laws apply:

• Reserve Bank of India Act, 1934
• Banking Regulation Act, 1949
• Consumer Protection Act, 2019
• Information Technology Act, 2000

These Terms & Conditions are governed by and construed in accordance with the laws of India. Any legal action or proceeding related to your use of this Service shall be exclusively subject to the jurisdiction of the courts in India.

By using this Service, you consent to the exclusive jurisdiction and venue of such courts.

You agree to indemnify and hold harmless the platform, its owners, operators, and agents from and against any and all claims, damages, losses, costs, and expenses (including reasonable attorney's fees) arising from:

• Your use of this Service
• Your violation of these Terms & Conditions
• Your violation of any third-party rights
• Your violation of applicable laws

If any provision of these Terms & Conditions is found to be invalid or unenforceable, such provision shall be severed, and the remaining provisions shall continue in full force and effect.

If you have any questions about these Terms & Conditions or the Service, please contact us through the contact information provided on this platform.

For RBI-related grievances: Contact RBI Banking Ombudsman at www.rbi.org.in or lodge complaints at complaints.rbi.org.in