About EMI Calculator
This is the Best EMI Calculator / Loan Calculator on Play Store™. This app is beautifully designed and developed to calculate EMI and Loan , prepare Amortization Chart and Amortization Table , calculate interest rates , variable interest rates and compound interest rates. Its also supports calculation for Home Loan , Car Loan , Education Loan , Personal Loan and other type of Loans and it is very easy to use. You can do some many things with this EMI calculator. So basically its a all type loan calculator.Few of its features are listed below :
1- EMI in Advance and Arrears : This feature of EMI calculator helps you to calculator EMI in Advance and Arrears for the same Principal Amount , same Interest rate , and same Loan tenure.
2- Compare Loan : EMI calculator lets you compare two loans side my side. You just need to enter principal amount, interest rate and Loan tenure.
3- Create Loan Profile : This app lets you create different loan profile so that you can easily see and manage all your loans at one place. Best part is that the app will send you automatic EMI notifications on EMI date. This feature is only functional if user wants to use it.
4- View Loan Profile: See all the loan profiles created by you. See Statistics , Graph and Loan details.
5- Loan Eligibility : Using Loan Calculator you can check whether you are eligible for a particular type of loan or not.
6- Saved Files : This app lets you save all your EMI and Loan details in excel form so that you can share all the loan and EMI details with anyone very easily and smartly.
7- Amortization Chart : EMI calculator creates amortization chart for you that is very handy to understand your laon details and each months starting balance and ending balance along with each months interest and principal amount that you have to pay. This app will create two separate amortization tables , one is a yearly amortization Table and other is monthly amortization table. You can download both these charts in excel format and later share them with your bank and other financial institutions.
8- Simple UI: App has a very simple UI that is beautiful and very easy to understand.
9- EMI Notifications: EMI reminder for each month that you can set as per your needs.
How to Calculate EMI:
Step-1 : Open EMI calculator and enter the principal amount for which you want to calculate EMI.
Step-2 : After principal amount enter the processing fee for banks and financial institutions like SBI™(State Bank Of India) , Axis™ Bank , ICICI™ Bank , HDFC™ Bank , Bank of America™ and other bank in India.
Step-3 : Enter the interest rate and loan tenure to and touch calculate button to calculate monthly installment EMI.
Step-4 : Share results with other.
Step-5 : Click on View Statics to Amortization chart for the loan amount you entered. You can also download this chart for offline use.
Where to use:
You can use this app as a Home Loan Calculator , Car Loan Calculator , Personal Loan Calculator , Property Loan Calculator , Compound Interest Calculator , Mortgage Loan Calculator and other Loan Calculations.
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