EMI calculator

EMI calculator Free App

Rated 4.50/5 (2) —  Free Android application by DNeers

About EMI calculator

Equated Monthly Installment – EMI for short – 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. The sum of principal amount and interest is divided by the tenure, i.e., number of months, in which the loan has to be repaid. This amount has to be repaid monthly. The interest component of the EMI would be larger in the initial months and gradually reduce when compared to the principal amount. The exact percentage allocated towards payment of the principal depends on the interest rate. Even though your monthly EMI payment won’t change, the proportion of principal and interest components will change with time. With each successive payment, you’ll pay more towards the principal and less in interest.

How to Download / Install

Download and install EMI calculator version 1.0 on your Android device!
APK Size: 301 KB, downloaded 100+ times, content rating: Not rated
Android package: com.dneers.calculator.emicalculator, download EMI calculator.apk

All Application Badges

Free
downl.
Android
2.2+
n/a
Not
rated
Android app

App History & Updates

More downloads  EMI calculator reached 100 - 500 downloads
More downloads  EMI calculator reached 50 - 100 downloads

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Rating Distribution

RATING
4.55
2 users

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