Loan EMI Calculator Free

EMI Calculator is more than just a calculator to compute your loan EMI details. The following are the features of the current version of the application.

1. Fixed Deposit (FD) Calculator
2. Recurring Deposit (RD) Calculator
3. Rate Of Returns (RoR) Calculator
4. Loan details Calculator
5. Rate Of Interest (ROI) Calculator

EMI Calculator is the only application that allows you to calculate any of the following values by inputting all other values.

1. EMI (Loan Installment Amount) for given Loan Amount, Interest Rate and Tenure
2. Loan Eligibility Amount for given Interest rate, tenure and EMI capacity.
3. Interest Rate for given Loan Amount, Tenure and Installment Amount.
4. Tenure - Period of loan repayment for given Loan Amount, Interest Rate and Installment Amount.

Features includes
1. Table of payment split up.
2. A pie chart depicting the break-up of total payment.
3. Send mail of the computation as PDF.

EMI Calculator works flawlessly for computing your personal loan, car loan and home loan details. This is a great tool if you want to plan to calculate the tenure, installment amount (EMI), loan eligibility for your existing loans or if you wish to plan for a new loan.

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

What is Recurring Deposit (RD)?
Recurring Deposit is a special kind of Term Deposit offered by banks in India which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits.

What is Fixed Deposit (FD)?
A fixed deposit (FD) is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.

What is Rate Of Returns (RoR)?
A measure of a corporation's profitability that compares net income to revenue. Return on revenue is calculated by dividing net income by revenue. Return on Revenue = Net Income / Revenue.

What is Interest Rate?
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.