Loan EMI Calculator

- Quickly figure out loan repayment amount and total interest payable, loan affordability, loan rate, loan tenure and savings on early loan payoff with extra payments.

- You can also view the amortisation schedule for any loan.

- Calculate applicable rate and payment amount for daily/ monthly/ quarterly/ half-yearly/ yearly loans. (not available in most Loan calculator/ EMI calculator apps)

It is important to remember that banks and financial institutions usually finance up to 80% of the cost for home and auto loans; the balance amount being the down payment to be borne by the borrower. Also, such loans are monthly compounded and repayable every month and therefore the term EMI or Equated monthly instalments.

Whether you are a lender or a borrower, this free and advanced Loan EMI Calculator app for android devices will help you assess and compare loans at different interest rates and compounding/ payment periods.