EMI Calculator

Calculate Equated Monthly Installment (EMI) for Home Loan / Housing Loan, Car Loan & Personal Loan in India. EMI is the amount payable every month to the bank or any other financial institution until the loan amount is fully paid off. It consists of the interest on loan as well as part of the principal amount to be repaid.

EMI Calculator provides the best way to calculate EMI and other important details related to a loan. This is simple loan calculation app. It helps user to quickly Calculate EMI and view payment schedule. You can choose to share this information via e-mail, SMS or any other messaging app.

Download the app and enter the following information in the EMI Calculator:
» Principal loan amount you wish to avail (rupees)
» Loan term (months or years)
» Rate of interest or Interest Rate (percentage)

Key features of the app includes:
» Calculate EMI - Enter Amount, Interest, Tenure (Years / Months). The app will shows EMI information. You can view statistics in yearly or monthly form. You can even share the statistics information via any of the media sharing app. Statistics will show you yearly or monthly information. It also saves log for the calculations done. So you can refer it whenever you like.

» Calculate Loan Amount - Here you will enter EMI you will be paying, Interest rates (%), and Tenure. The app will show you principal amount payable by you. There is provision to share the data using any of the available media sharing app. Saved log will provide history of calculations done, so you can refer it later.

» Calculate Tenure - Here you need to enter principal amount, EMI (%), and interest. The app will show you the tenure in months, you need to pay EMI.

» Calculate Interest - You will enter principal amount, EMI (%), and Tenure in months/years. The app will show you interest rates (%) for that amount.

» Saved Profile - It will show you the list of EMI calculations you saved for further review. It will show you total loan amount, total EMI, Loan Paid till date, Number of EMI Remains, etc.

» Compare Loan - Here you can compare loan between two different banks. You need to enter Principal Amount, Rate of Interest (%), and Tenure. The app will show you comparison between loan provided by two different loan providers.

» FAQs - Here it provides information about EMI, How to Calculate EMI, and How to use EMI Calculator.

» Built-In functionality to share the data, with your friends and family members.

» Create Different Loan Profile using app and view them at any time.

» Calculate EMI with statistics (Montly / Yearly Mode) .


The formula to calculate EMI:
E = P * r * ((1+r)^n / ((1+r)^n) - 1)

where,
E is EMI
P is Principal Amount
r is rate of interest calculated on monthly basis
n is loan term/tenure/duration in number of months

Keywords: Loan Calculator, Loan EMI Calculator, EMI Loan Calculator, EMI Calculation, Car Loan EMI Calculator, Loan Payment Estimator, Loan Tenure, Mortgage Calculator

-------------------------------------------------------------------------------------------------------------------------------------------------

This App is developed at ASWDC by Ujash Sadariya (120540107011), Akash Tanna (120540107037), and Harshit Trivedi (130540107107), 7th Sem CE Student. ASWDC is Apps, Software and Website Development Center @ Darshan Institute of Engineering & Technology, Rajkot run by Students & Staff of Computer Engineering Department

Call us: +91-2822-293032

Write to us: aswdc@darshan.ac.in
Visit: http://www.darshan.ac.in http://www.darshan.ac.in/aswdc

Follow us on Facebook: https://www.facebook.com/DarshanInstitute.Official
Follows us on Twitter: https://twitter.com/darshan_inst