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An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month

Calculate EMI for your Loan

by Wane Brannon

What is it about?

An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMI are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full.

App Details

Version
1.1
Rating
NA
Size
8Mb
Genre
Finance
Last updated
July 27, 2019
Release date
July 15, 2019
More info

App Store Description

An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMI are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full.

This EMI calculator helps you in planning your EMI before or while applying for a loan. It calculates the monthly EMI amount and also give a brief description about how much total amount(including interest) you will be paying.

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