FinAbac.com

FinAbac stands for Finance Abacus. It is a comprehensive suite of free financial tools designed to help you calculate, plan, and optimize your financial growth. From mortgage EMIs to complex investment compounding, we provide accurate and easy-to-use tools for everyone.

Yes, all tools and calculators on FinAbac.com are 100% free to use. Our mission is to facilitate financial literacy and provide decision-making tools to everyone without any cost.

Our calculators use standard financial formulas used by banks and financial institutions worldwide. While they are highly accurate for planning purposes, we recommend consulting with a certified financial advisor before making significant financial commitments.

No. Your privacy is our priority. All calculations happen within your browser. If you use features like the Net Worth tracker, the data is stored locally on your device (in Local Storage) and never uploaded to our servers.

EMI stands for Equated Monthly Installment. It consists of both principal and interest components. The formula used is: [P x R x (1+R)^N]/[(1+R)^N-1], where P is Principal, R is monthly interest rate, and N is the number of months. Our EMI calculator handles all this complexity for you instantly.

A Loan Balance Transfer can save you thousands by moving your outstanding principal to a lender offering a lower interest rate. Use our Balance Transfer Calculator to see the net savings after accounting for processing fees and other charges.

Top-up loans are usually offered on existing home loans at interest rates much lower than personal loans. They are ideal for home renovation, education, or debt consolidation. Our Top-up calculator helps you analyze the blended EMI and total interest impact.

Yes! Even small prepayments early in your loan tenure can significantly reduce your total interest outgo and shorten your loan term. Our EMI Calculator includes a prepayment analysis tool to show you exactly how many months you can save.

A SIP allows you to invest a fixed amount regularly (monthly/quarterly) in mutual funds. It helps in rupee-cost averaging and disciplined investing. Use our SIP & Investment Calculator to project your future wealth based on expected returns.

A Step-up SIP is an investment where you increase your monthly contribution by a fixed percentage or amount every year (usually as your income increases). This significantly boosts your final corpus compared to a flat SIP. Our growth calculator supports Step-up analysis.

Compounding is the process where the interest you earn begins to earn interest itself. Over long periods, this "interest on interest" effect can lead to exponential growth of your wealth. Time is the most important factor in compounding.

SWP is the opposite of SIP. It allows you to withdraw a fixed amount regularly from your investment corpus, typically used during retirement. It provides a steady income while the remaining balance continues to grow.

Choosing between renting and buying a home depends on factors like property appreciation, rental yield, loan interest rates, and how long you plan to stay. Our Decision Hub includes a Rent vs Buy tool that compares the net wealth in both scenarios over time.

Generally, if your loan interest rate is higher than the post-tax return of an FD, it's better to pay off the loan. However, you must also consider liquidity needs. Our Part Payment vs FD calculator helps you see the math behind this decision.

Net Worth is the single most important metric of your financial health. It is the total value of everything you own (Assets) minus everything you owe (Liabilities). Tracking it monthly helps you see if you are truly getting wealthier or just earning more while spending more.

List all your bank balances, stock investments, gold, property value, and cash. Then subtract all your outstanding loans (home, car, personal, credit card). The result is your Net Worth. Our Net Worth Tracker makes this easy with categories and visualizations.