EMI Calculator: No More Laborious Calculations
The EMI Calculator is a simple, no-frills calculator for EMI (equated monthly instalment). You enter the principal amount, the rate of interest and the period in months/years and tap on ‘Calculate’. Voila! Your EMI is calculated and ready! You can then go and look at the month-wise statistics which shows you the monthly outgo of principal and interest. Instantly share the results with your banker or borrower, by email, WhatsApp or any other mode. Further options include creation of loan profiles for loans already taken and monitoring progress of repayments. An interesting feature is to compare two loan options, where the principal amount, interest or loan tenure may vary. You can check the EMI under both options, to help you take a decision. It also gives you the option of comparing the effect of EMI paid in advance with EMI in arrears. There are many other financial calculators available; but I found this the simplest and easiest for the layperson for calculation of EMI.
iOS: https://goo.gl/WlwSQk (slightly different version, but works the same way)
Mrityunjay Vastrad
5 years ago
Pradeep Kumar M Sreedharan
5 years ago
Thanks greatly, this is empowering.
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