The EMI/Loan calculator is a simple loan calculator that allows you to quickly calculate your monthly EMI and interest for the intended loan. Use this EMI (Equated Monthly Instalment) calculator to plan your loan repayment in an effective way.

"CALCULATE: With this EMI interest calculator you can calculate your monthly EMI by adding your loan amount, interest at which the bank is offering you the loan, tenure for which you are willing to take the loan.
You are presented with payment summary with break-up of principal and interest components, and monthly EMI amount for the loan details entered. It helps you envision the total loan to be paid visually with the help of attractive bar graphs."

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Where to Use :-

Personal loan: A personal loan allows you to borrow money to pay for personal expenses and then repay those funds over time. Personal loans are a type of installment debt that allows you to obtain a lump sum of funding. You might use a personal loan to even cover medical bills and wedding expenses. It can also be used for unexpected expenses.

Home loan: Buying a house is a big decision and the loan can go on for long time. Hence, it needs a lot of diligent work when selecting the right loan for this purchase. With the help of this EMI home loan calculator, you can compare the loan given to you by different institutions and pick the best one suiting your needs.

Education loan: This is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses. It may differ from other types of loans in the fact that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in school. With this EMI app, calculate the EMI amount for different interest rates.

Similarly you can use this app to make an informed decisions about your EMIs for your property loan and mortgage loan.

Why you should use this app?

This simple app can save you a lot of time, effort and money. To use this EMI app, you do not need any kind of prior finance knowledge. This finance calculator helps you take informed decisions about your finance and financial goals like EMIs for your loans.

The EMI interest calculator could be used for financial planning and budgeting. This app is suitable for individuals as well as financial planners.

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