Loan EMI Calculator is a free Loan EMI Calculator app for Android devices which allows you to calculate EMI on a loan right from your Android device. This app not only provides you with quick EMI calculation but it also lets you see loan affordability, loan amortization schedule, and compare loans.
One of the best feature of this free Loan EMI Calculator app is that you can email the amortization chart as an excel file.
Using Free Loan EMI Calculator app for Android:
You can get this app from the link or QR code provided at the end of this article. Once installed, simply launch the app and you will have the interface as seen here.
To calculate EMI on a loan tap on the ‘Loan EMI Calc’ and you will be presented the interface as seen here. Simply enter the loan principal amount, interest rate, and loan tenure and then tap on the calculate button and you will be presented with EMI, along with the total payable interest and total amount payable.
Tapping on the ‘Loan Affordability’ option will bring you the interface as seen here. Simply enter the affordable EMI, duration, and the interest rate, and the affordable loan amount will be presented to you, as seen below along with the total loan interest.
In the loan amortization section, simply enter the details such as loan priciapal, interest rate, tenure, and EMI start date and then free Loan EMI Calculator app for Android will provide you with the detailed amortization chart as seen below. The best part about this section is that you can email the whole amortization schedule as a Excel attachment.
Loan comparison is another great feature of the app which allows the user to compare up to four loan plans as seen here. Simply enter the detail and view the EMI and total interest of each loan.
Conclusion:
This is a great app as it is a very simple and free EMI calculator for Android, which allows you to calculate EMI and comes with other useful options such as loan affordability calculator, loan amortization, and loan comparison. This simple app is a nice way of calculating EMI’s of loan directly on your Android device.
Also check out 5 free financial calculator apps for Android.
Get free Loan EMI Calculator app for Android here or scan the QR code below.
