Welcome to Financial Calculators

EMI(Equated Monthly Installment) is the amount payable every month to the bank or any other financial institution until the loan amount is fully paid off.

SIP(Systematic Investment Plan) a kind of investment scheme offered by mutual fund companies. Using SIP one can invest small amount peridically (weekly, monthly, quaterly) into a selected mutual fund.

Simple interest is a handy, easy tool for estimating the interest earned or paid on a certain balance in one period. This means it can dramatically understate the amount of interest earned or paid over time.

Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously-accumulated interest.

The CARG(compound annual growth rate) for short, is the average rate at which some value (investment) grows over a certain period of time assuming the value has been compounding over that time period.

Recurring Deposits(RD) is an investment tool which permits those with an ability to make regular deposits earn decent returns on their investment. Basically consisting of regular deposits and an interest component, a Recurring Deposits provides flexibility and ease of use to individuals.

This debt reduction calculator can be used to estimate how much money you can save, as well as the number of months saved, by increasing the amount of money paid toward reducing your debt.