EMI Calculator - Loans1.0.8

EMI stands for Equated Monthly Instalment which is a fixed amount of payment a borrower has to make to the lender at a specified date on monthly basis.

EMIs consists of your principal loan amount and interest amount, payable every month.

Although the EMI remains fixed for every month, the amount paid towards principal and interest changes.

The interest component constitutes a major portion of the EMI payment in the initial stages.

However, as the loan period progresses and the principal outstanding reduces, the portion of interest repayment decreases.

This happens until the end of the loan period when the entire loan amount has been paid off.

EMI can be calculated for a Car Loan, Home Loan, Personal Loan, Gold Loan, Education Loan etc.

EMI amount depends on the following factors:

• Amount of Loan
• Tenure of the Loan
• Complete your Loan as Soon as Possible
• Fluctuation in Interest Rates

This Loan EMI Calculator App helps you to save your time as well as wipe out your bank visit.

You need to just entering you’re details like Loan Amount, Rate of Interest (per annum) and Loan Tenure period in years & calculate the EMI.

Features of EMI Calculator

* User Friendly Interface
* Available Free of Cost
* Graphs
* Easy to use
* No Internet connection
* Consumes less time
* Reports

With this APP, you can view EMI reports either Yearly or Monthly