About this app

𝗔𝟭 𝗘𝗠𝗜 𝗖𝗮𝗹𝗰 - 𝗔𝗟𝗟 𝗟𝗼𝗮𝗻 𝗣𝗹𝗮𝗻𝗻𝗲𝗿

𝗔𝟭 𝗘𝗠𝗜 𝗖𝗮𝗹𝗰 𝗣𝗿𝗼𝘃𝗶𝗱𝗲𝘀 𝗘𝗠𝗜 𝗖𝗮𝗹𝗰 - 𝗖𝗼𝗺𝗽𝗼𝘂𝗻𝗱 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗖𝗮𝗹𝗰 - 𝗛𝗼𝗺𝗲 𝗟𝗼𝗮𝗻 𝗖𝗮𝗹𝗰 𝗲𝘁𝗰.

𝗘.𝗠.𝗜 𝗖𝗮𝗹𝗰 :
EMI, which stands for Equated Monthly Instalment, refers to a predetermined fixed payment that borrowers make to lenders on a specific date each month. This regular instalment includes both the principal amount and the interest, allowing borrowers to gradually repay their loans over a set period. EMIs provide a structured repayment plan and are commonly used in various types of loans, such as home loans, car loans, and personal loans.

𝟭. 𝗣𝗿𝗶𝗻𝗰𝗶𝗽𝗮𝗹 𝗮𝗺𝗼𝘂𝗻𝘁 :The initial loan amount or principal is a significant determinant of the EMI. A higher principal will result in a higher EMI, while a lower principal leads to a lower EMI.

𝟮. 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗿𝗮𝘁𝗲 (%) : The annual rate of interest charged by the lender has a direct impact on the EMI. A higher interest rate results in a higher EMI, while a lower rate leads to a lower EMI.

𝟯. 𝗟𝗼𝗮𝗻 𝘁𝗲𝗻𝘂𝗿𝗲 : The duration of the loan, typically measured in months, affects the EMI. A longer tenure reduces the EMI amount but increases the total interest paid over the loan's life, whereas a shorter tenure increases the EMI but reduces the overall interest cost.

𝗖𝗼𝗺𝗽𝗼𝘂𝗻𝗱 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗖𝗮𝗹𝗰 :
Compound interest is the interest you earn on interest.

𝗛𝗼𝗺𝗲 𝗟𝗼𝗮𝗻 𝗖𝗮𝗹𝗰 :
A home loan is a secured loan that is obtained to purchase a property by offering it as collateral. Home loans offer high-value funding at economical interest rates and for long tenures. They are repaid through EMIs.

𝗕𝗮𝘀𝗶𝗰 𝗖𝗮𝗹𝗰 :
A Basic Calc is that performs arithmetic operations on numbers. Basic calculators can do only addition, subtraction, multiplication and division mathematical calculations.

𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀 :
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New features

A1 EMI Calculator provides simple E.M.I Calc - Compound Interest Calc - Home Loan Cal and Basic Calculator etc.

App Permissions

Allows applications to access information about networks.
Allows applications to open network sockets.
Allows using PowerManager WakeLocks to keep processor from sleeping or screen from dimming.