Used EMI Calculator for Android?


EMI Calculator Analysis

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EMI Calculator is a free Android app designed to assist users in calculating Equated Monthly Installments (EMIs) for loans. The application allows users to input their loan amount, interest rate, and additional fees to generate a detailed repayment schedule. It provides visual aids, such as graphs, to help users better understand their repayment obligations and the breakdown of principal and interest payments. Furthermore, users can easily share their repayment summaries through various messaging platforms, enhancing its utility for personal finance management.

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The app's straightforward interface makes it accessible for a wide range of users, from first-time borrowers to seasoned loan applicants. Its features include the ability to download repayment summaries, making it convenient for users to keep track of their financial commitments. Overall, EMI Calculator serves as a practical tool for anyone seeking clarity on loan repayments and interest calculations, streamlining the process of financial planning.

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Used EMI Calculator for Android?


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Full Specifications

GENERAL
Release
Latest update
Version
10.0
OPERATING SYSTEMS
Platform
Android
Operating System
Android 9.0
POPULARITY
Total Downloads
21
Downloads Last Week
0

Report Software

Program available in other languages


Last Updated


Developer’s Description

With colourful charts and instant results, this free Loan EMI Calculator app is easy to use, intuitive to understand and is quick to perform.

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.

Change History:

Version 5.8

+ New App Icon

Version 5.0

+ Start Date moved from Advanced mode to Regular mode

Version 4.8

+ Better form navigation

+ Better charts with MPAndroidChart library

+ Bug fixes

Version 4.2

+ Loan Balance chart

Version 3.0

+ Admob changes

Version 2.9

+ Validations that prevent user mistakes

+ Usability changes

+ Rating prompt

+ Versioning bug fix

+ 'Loan Paid To Date' bug fix

Version 2.0

+ Advanced Mode with Extra Payments / Prepayments

+ Improved math accuracy of the calculator

+ Lots of bug fixes

Permissions:

Internet access required for ads and analytics


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AI Assisted Content Disclosure

Content created and reviewed by Softonic with information obtained from eCode, using AI.

CNET's editorial team was not involved in the creation of this content. Opinions, analysis and reviews were not provided by CNET.