EMI Calculator

Most car loans look affordable—until you uncover what’s really hiding behind those low EMIs. In this guide, we break down three common traps that can leave borrowers paying far more than they expected—even after selling the car. Learn how to avoid costly interest, long-term debt, and financial stress with smart, AI-powered planning from gearsKit.

Think a low EMI means your loan is safe? In 2026, that belief is destroying finances silently. Discover the 3 hidden loan traps banks don’t explain—and how smart borrowers avoid lakhs in losses before signing the loan.

Most people believe their loan is “manageable” simply because the EMI fits their monthly budget.But the real danger of a loan doesn’t show up suddenly.It shows up slowly, quietly, and invisibly.Month...

We spend days comparing phones.We research endlessly before buying a laptop.We even read reviews before ordering something as small as a kitchen appliance.But when it comes to loans — decisions that i...

Ask anyone how they judge a loan and you’ll hear the same answer:👉 “If the EMI fits my salary, it’s fine.”If the EMI feels manageable → they assume the loan is affordable.If it feels high → they assu...

Most people think loans are simple:“Compare EMI → Compare interest rate → Pick the lowest one.”If only it were that easy.The EMI you see is just the surface.Underneath every loan are hidden financial...

😮 Why Your Salary Still Feels “Not Enough” — Even After a Hike You get a raise. You switch jobs. Your salary increases. For a moment, life feels easier… lighter.

Most people check only three things before taking a loan:✔ EMI✔ Interest rate✔ TenureBut they forget the most important question:👉 “Is this loan actually affordable for me?”Banks approve loans based...

Imagine one number that could instantly tell you:✔ If your finances are healthy✔ If you can safely take a new loan✔ If your income supports your lifestyle✔ If your future is stable✔ Or if you're walki...

When people compare loans, they almost always ask:❓ “Which EMI is the lowest?”❓ “Which bank gives the smallest monthly payment?”❓ “Which tenure gives me the cheapest EMI?”But here’s the financial trut...

Most people ask all the wrong questions when applying for a loan:❌ “Will the bank approve my loan?”❌ “Can I get the lowest EMI?”❌ “Which bank gives the best interest rate?”But the real question — the...

For over a decade, the 50/30/20 rule has been one of the world’s most popular budgeting formulas:✔ 50% → Needs✔ 30% → Wants✔ 20% → Savings