Download Loan Calculator apk 1.0 free for Android smartphone
Apk file size: 720.0 KB
This software offers a solution to users who want to calculate EMI (Equated Monthly Installment) for a loan. The input is simple: principal , number of months to pay (tenure) and annual interest rate. Equated Monthly Installment – EMI for short – is the amount payable every month to the bank or any other financial institution until the loan amount is fully paid off. It consists of the interest on loan as well as part of the principal amount to be repaid. The sum of principal amount and interest is divided by the tenure, i.e., number of months, in which the loan has to be repaid. This amount has to be paid monthly. The interest component of the EMI would be larger during the initial months and gradually reduce with each payment. The exact percentage allocated towards payment of the principal depends on the interest rate. Even though your monthly EMI payment won’t change, the proportion of principal and interest components will change with time. With each successive payment, you’ll pay more towards the principal and less in interest.
Anirudh Agarwal part of our Finance and have average installs from 100 to 500. Last Update May 17, 2015. Google play rating is 92.9412. Current verison is 1.0. Actual size 720.0 KB.
Amazing app It does accurate calculations n give perfect results for the loan opted for.. that too in full description. Easy to manage all EMIs at one place. Serves all requirements in simple way..
Awesome app! Its just what i need!
Awesome app The app is very beneficial for everyone that can take the loan to calculate the emi
Simple n easy to use Simple but more updates required....
Awesome app This app is what we all need... Superb App ever for any calculation.....
Easy and accurate Great app like the UI
Completely accurate everytime!
Nice and simple
Excellent app and easy to use...