EMI Calculator Pre Loan Bank 1.0
Free Version
Publisher Description
Basic Terms:
What is EMI?
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.
The EMI of a loan depends on three factors:
Loan amount - This stands for the total amount that has been borrowed the individual.
Interest rate - This stands for the rate at which the interest is charged on the amount borrowed.
Tenure of loan - This stands for the agreed loan repayment time-frame between the borrower and the lender.
This is application easy to handle , simple to use and useful for all loan/mortgage calculations.
You can calculate Loan entering following information:
- Principal Loan Amount
- Loan Tenure (months or years)
- Rate of Interest (percentage)
- Processing Fees & Charges
- Down Payment
* Calculate EMI with Montly or Yearly mode.
* Share EMI details with clients using EMAIL.
* Available for FREE to use .
Please contact ( appsstudiogg@gmail.com) if you find any bugs or want to translate the app to your language.
For Advertisement / Query / Suggestions contact us at appsstudiogg@gmail.com
About EMI Calculator Pre Loan Bank
EMI Calculator Pre Loan Bank is a free app for Android published in the Accounting & Finance list of apps, part of Business.
The company that develops EMI Calculator Pre Loan Bank is simpleApps. The latest version released by its developer is 1.0. This app was rated by 1 users of our site and has an average rating of 4.5.
To install EMI Calculator Pre Loan Bank on your Android device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2015-11-12 and was downloaded 73 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the EMI Calculator Pre Loan Bank as malware as malware if the download link to yaswnat.loanemicalculator is broken.
How to install EMI Calculator Pre Loan Bank on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the EMI Calculator Pre Loan Bank is shown in the Google Play listing of your Android device, you can start its download and installation. Tap on the Install button located below the search bar and to the right of the app icon.
- A pop-up window with the permissions required by EMI Calculator Pre Loan Bank will be shown. Click on Accept to continue the process.
- EMI Calculator Pre Loan Bank will be downloaded onto your device, displaying a progress. Once the download completes, the installation will start and you'll get a notification after the installation is finished.
