With colourful charts and instant results, this free Loan EMI Calculator app is easy to use, intuitive to understand and is quick to perform. You can calculate EMI for home loan, personal loan, car loan, education loan or any other fully amortizing loan in India using this app. You can also check how prepayment can help reduce total interest outgo and reduce loan tenure.
Download the app and enter the following information:
- Principal Loan Amount (rupees)
- Loan Tenure (months or years)
- Rate of Interest (percentage)
- Fees & Charges (rupees) - Optional
- EMI Scheme (EMI in arrears or EMI in advance) - Optional
- Start Date (month & year) - Optional
- Extra Payments / Prepayments - Optional
You are presented with payment summary with break-up of principal and interest components, payment schedule and chart for the loan details entered. You can choose to share this information via e-mail, SMS or any other messaging app. You can also share the results to your favourite note taking app.
The app also computes the loan APR (aka IRR) using the fees and charges entered. This is especially useful for loans with 0% EMI schemes where fees and charges are levied (instead of interest) when purchasing mobiles, computers or household items.
Please visit the EMI Calculator website http://emicalculator.net/ for more information.
+ New App Icon
+ Start Date moved from Advanced mode to Regular mode
+ Better form navigation
+ Better charts with MPAndroidChart library
+ Bug fixes
+ Loan Balance chart
+ Admob changes
+ Validations that prevent user mistakes
+ Usability changes
+ Rating prompt
+ Versioning bug fix
+ 'Loan Paid To Date' bug fix
+ Advanced Mode with Extra Payments / Prepayments
+ Improved math accuracy of the calculator
+ Lots of bug fixes
Internet access required for ads and analytics