Loanster is made for calculating the EMI as well as providing the graphical representation in order to help user to understand about both total EMIs and total amount which user will pay in specific time span. It also allows user to add prepayments which can help them to save money by paying less total interest amount.
How it works:
1. Calculate the total interest and total amount by using loan amount, interest rate and tenure.
2. Adding prepayments.
3. It also make detailed list which contain principal amount, interest, principal remaining and prepayments.
4. It provides piechart according to details which enter by the user.