The Description of Easy EMI Calculator & Loan Calculator APK
Easy EMI Calculator & Loan Calculator APK: Is the idea of repaying debt, calculating an EMI and setting a payment program like a nightmare for you? Do you confuse the EMI calculator in Excel, because of the array of used formulas? Where will you get an EMI calculator with down payment?
If such questions bother you, this EMI calculator app is perfect for you!
EMI, or equal monthly installment, is the amount which is required to be paid every month by a bank or a lending financial institution until the debt settlement happens. EMI includes the interest earned on the principal amount and amount. The EMI calculator app is a convenient tool that allows users to calculate the EMI for instant credit and set up the payment schedule. Upon using the calculator for the loan EMI, you can effectively pay off your debt and make a financial plan according to the monthly cost.
The EMI Calculator has the following uses:
- EMI calculator for bike loan – get your own bike and become the master of your traffic!
- EMI calculator for car loan in India – is a dream car? Make it in reality!
- EMI calculator for home loan – your home will always be your home, so get one now!
- EMI calculator for education – education is the biggest investment; Give it importance to which it deserves.
- EMI calculator for personal loan – A personal loan can meet all your monetary requirements.
- Quick and accurate calculation – You only have to enter the number of EMI, loan principal, prevailing interest rate and loan duration and you will get EMI amount in a short time!
- The EMI calculator with table calculates the EMI, represented by data in colorful formats such as pie, tables, and other charts, which can be easily understood even when being a financial expert.
- EMI calculator online allows you to compare two loans and decide for better options, which increases your savings.
- Some loans allow a grace period for the borrower, during which they do not need to repay – it is known as Moratorium. EMI calculator with Moratorium allows you to factor in additional interest deposited during the moratorium period and grace period also.
- Paying a part will affect your loan, effective interest and EMI’s tenure. With part payment, this app divides the EMI into a particular period for interest payments and loan repayment classes.
- Refinement indicates a mortgage shortage through regular payments. With the amortization, this is app creates an amortization table which displays the EMI segmentation in the amount spent in repaying the amount of principal and interest paid. After each payment, it updates the table in the latest balance.
- Pre-payment will allow you to repay your debt faster and reduce the total interest charged. If you prepay on your loan, EMI calculator with pre-payment option factors and effective interest in EMI.
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- Some co-operative societies and budding financial institutions provide loans on simple interest to benefit the stakeholders. On the other hand, most loans are calculated on compound interest, which means that if you have borrowed an amount on simple interest, then a regular this is app can not be useful. With simple interest, the EMI calculator that is embedded in the app allows easy calculation of EMI for interest.
- Under flat-rate borrowing, in the case of most personal loans, the interest is calculated from the amount borrowed without completing repayment. With the flat rate, this is app can help you calculate the app for settling the loan on flat rate interest. Generally, flat rate loans provide a high EMI.
- Latest EMI calculator about bank interest rates from leading banks.
- The app by EMI calculator with details can be easily shared in PDF format to plan a loan.
Just download the EMI calculator now and enjoy life!
|Size: 6.0 MB|
Version: 1.0.1 [Latest Version]
|Updated: September 03, 2019|
|Requires Android: 4.4 and up|
App By: Xplore Institute
|Category: Free Personalization APP|
Official Website: Visit website
Download Easy EMI Calculator & Loan Calculator APK