About this app
You can use an EMI (Equated Monthly Installment) calculator to determine how much you will have to pay each month for a loan, such as a home loan, auto loan, or personal loan. To determine the EMI amount, the calculator takes into account the principal loan amount, interest rate, and loan tenure (length).
Here are the main components and how it operates:
The total amount of money you borrow from the lender is known as the principal loan amount.
2. Interest Rate: The interest rate applied to the loan amount by the lender.
3. Loan Tenure: The period of time, typically expressed in months or years, over which the loan must be repaid.
4. EMI Amount: The set monthly payment, which includes principal and interest, that you give to the lender to pay back the loan.
The practice of requiring a borrower to pay the first installment or a portion of the Equated Monthly Installment (EMI) in advance, either before the loan is actually disbursed or before the first EMI payment is due, is known as advance EMI. At the time the loan is approved or issued, the borrower usually pays this advance separately or deducts it from the loan amount.
evaluating loan possibilities or even comparing loans based on a number of criteria. I'll go over how loans can be compared based on a number of important factors to assist you make the best decision for your need.
A moratorium is a brief halt or postponement of an activity, typically a financial commitment, such loan or debt repayment. It is frequently given by governments, banks, or lenders to help borrowers during difficult or emergency financial situations.
Based on variables like principal amount, interest rate, and tenure, the FD (Fixed Deposit) Calculator is a tool that assists you in determining the maturity amount and interest received on a Fixed Deposit investment. A common form of investment is a fixed deposit, in which a person deposits a large sum of money with a bank or other financial organization for a predetermined period of time at a predetermined interest rate.
Using the interest rate, tenure, and monthly payment, the RD (Recurring Deposit) Calculator assists you in determining the maturity amount of your recurring deposit.
A tool for figuring out the maturity amount and interest generated on a PPF investment over a given duration is the PPF (Public Provident Fund) Calculator. The Indian government supports PPF, a long-term savings plan with alluring interest rates and tax advantages.
A useful tool for streamlining the process of figuring out the Goods and Services Tax for any transaction is a GST calculator. The calculator ensures that you remain in compliance with the GST legislation by assisting you in rapidly determining the tax amount and final price, regardless of whether you're calculating the GST on an exclusive price or the inclusive price. Businesses, accountants, and individuals who need to efficiently manage GST will find it very helpful.
You can use a discount calculator to determine how much a product or service will cost once the discount is applied, as well as the amount of the discount itself. Customers, merchants, and companies can use this tool to find out how much money is saved by discounts and what the final price will be after the discount.
The Easy EMI Calculator's features include:
● EMI Calculator
● Advance EMI Calculator
● RIO Change
● Moratorium Calculator
● Check Loan Eligibility
● FD Calculator
● RD Calculator
● PPF Calculator
● Find Simple Interest
● GST Calculator
● Currency Converter
● Cash Counter
● Discount Calculator
● SIP Calculator
● EMI Statistics
● Nearby Bank & ATM Finder
Permission:
ability to locate ATMs and banks in the area. This requires authorization to access the location.
NOTES:
● This Easy EMI Calculator & Loan App is just a financial tool and not any loan provider or connection with any NBFC or any finance services.
● This app is working as a financial calculator app and not giving any lending services.
