About EmiSetu
Free, precise EMI calculators built for Indian borrowers — by the team at Quantilence AI Solutions.
Who We Are
EmiSetu is a product of Quantilence AI Solutions, a fintech software company focused on building precise, transparent financial tools for Indian consumers. Our engineering team combines software product experience with a deep interest in how retail lending works in India — from RBI policy changes to the fine print inside a bank's sanction letter.
We built EmiSetu because the existing EMI calculators we found while evaluating personal loans were either inaccurate, covered in ads, or required a login. A borrower trying to compare a home loan from SBI against one from HDFC shouldn't need to create an account or wade through a lead-generation funnel to get a number. We built the tool we wished existed.
Our Mission
Borrowing money is one of the most significant financial decisions most people make. Yet the mathematics behind EMIs, total interest cost, and amortisation schedules is rarely taught — and lenders have little incentive to make it simple. EmiSetu exists to change that: we give every Indian borrower a clear, instant picture of what a loan actually costs before they sign anything.
What We Build
EmiSetu is a suite of free online financial calculators tailored to the Indian lending market. Each tool is pre-loaded with current 2026 rate ranges from major lenders and follows the reducing-balance formula mandated by RBI guidelines.
Our Methodology
Every EMI calculation on this site uses the standard reducing balance (diminishing balance) formula used by all RBI-regulated lenders in India:
Where P is the principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the tenure in months. This is the same formula as Excel's PMT() function. Results are reliable estimates; actual figures from your lender may vary slightly due to processing fees, GST on charges, and lender-specific rounding conventions. Always confirm final numbers with your bank before signing.
Interest rate defaults and eligibility guidelines in our tools are reviewed and updated with each RBI Monetary Policy Committee meeting and when major lenders announce rate revisions.
Our Principles
Free, always
Every calculator on EmiSetu is and will remain free to use — no sign-up, no paywall, no trial.
No data collected
We do not store your loan inputs. All calculations happen entirely in your browser.
Honest estimates
We label results as estimates and explain the assumptions behind every formula clearly.
Get in Touch
Have a suggestion, found a calculation error, or want to discuss a partnership? We'd love to hear from you. Visit our Contact page or email us at support@emisetu.com.
EmiSetu is a product of Quantilence AI Solutions. All calculators are provided for informational purposes only and do not constitute financial advice. See our Disclaimer and Privacy Policy.