Loan EMI Calculator

Contains ads
10K+
Downloads
Content rating
Everyone
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About this app

Easily calculate your loan EMI, interest, and total cost with the EMI Loan Calculator app. Whether itโ€™s a personal loan, home loan, car loan, student loan, or mortgage, our app provides accurate and reliable calculations to help you plan your finances effectively.

Key Features:
Auto Loan Calculator: Calculate EMIs for car or auto loans quickly and accurately.
Home Loan Calculator: Plan your mortgage payments with ease.
Student Loan Calculator: Manage your education loan with smart calculations.
Personal Loan Calculator: Understand your monthly installments and total cost.
Loan Interest Calculator: Determine interest amounts for any loan type.
Mortgage Loan Calculator: Get detailed repayment schedules for home loans.
Customizable Loan Settings: Enter your loan amount, tenure, and interest rate for tailored results.

How the EMI Calculation Works:
EMI (Equated Monthly Installment) is calculated using the formula:

๐ธ๐‘€๐ผ=[๐‘ƒร—๐‘Ÿร—(1+๐‘Ÿ)^๐‘›] / [(1+๐‘Ÿ)^๐‘›โˆ’1]

Where:
P = Loan amount (Principal)
r = Monthly interest rate (Annual interest rate รท 12)
n = Loan tenure in months

Our app calculates:
Monthly EMI: Fixed monthly payments, including principal and interest.
Total Interest Payable: The total interest on the loan over its term.
Total Loan Cost: Total repayment amount (principal + interest).

Why Choose EMI Loan Calculator?
Accurate & Fast: Provides precise calculations instantly.
User-Friendly Interface: Simple and intuitive design for easy use.
Comprehensive Tools: Suitable for all loan types, from auto loans to mortgages.
Compare Loan Options: Test various interest rates and tenures to find the best fit.
Completely Free: Use the app without any hidden costs or fees.

Disclaimer:
- This app is only a Calculator app and does not provide any financial services.
- The calculations provided are estimates based on standard fixed-rate formulas. Actual loan terms may vary based on your lender's terms and conditions.

Download EMI Loan Calculator App and simplify your loan planning with precision and ease.
Updated on
Feb 19, 2025

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
This app may share these data types with third parties
App info and performance and Device or other IDs
No data collected
Learn more about how developers declare collection
Data is encrypted in transit
Data canโ€™t be deleted

Whatโ€™s new

EMI Loan Calculator
-Bug Fixed and Performance Improved.

App support

About the developer
Nirav Pankajbhai Katharotiya
chirag.r.desai1@gmail.com
Station Road Mithapur Dungri Chalala, Gujarat 365630 India