Question 1

Is EMI Optimizer free to use?

Accepted Answer

Yes, the core features of EMI Optimizer are free. The free tier lets you manage one active loan, one borrower, and one prepayment. Pro plans unlock unlimited loans, co-borrowers, AI insights, and more.

Question 2

What is the difference between reducing balance and flat-rate EMI?

Accepted Answer

Reducing balance EMI recalculates interest on the outstanding principal each month, resulting in lower total interest. Flat-rate EMI calculates interest on the original principal amount throughout the loan tenure, resulting in higher total cost. Our calculator supports both methods plus step-up EMI.

Question 3

Can I manage multiple loans with co-borrowers?

Accepted Answer

Absolutely! You can add multiple loans and multiple co-borrowers. Track each person's income contribution (percentage or fixed amount), allocate payments intelligently, and see comprehensive analytics for your entire financial portfolio.

Question 4

How does prepayment planning work?

Accepted Answer

Our prepayment planner lets you schedule lump-sum payments in specific months. The calculator instantly shows you interest savings, reduced tenure, and optimal allocation strategies. You can use annual bonuses or savings to accelerate loan payoff and save lakhs in interest.