Loan EMI Calculator Software
Loan EMI Calculator Software is a simple application designed to help you easily calculate your EMI for a loan you plan on taking, so you can know ahead of time how much you will be expected to pay every month.
The program is sufficiently simple and you do not require much computer knowledge, nor financial expertise in order to quickly calculate your monthly installments.
To use Loan EMI Calculator Software, you need to enter the 'Principal Amount', meaning the sum of money you need, along with the number of months for which you plan on returning the loan and the interest rate. Afterward, you have to select the 'Loan Start Date' from the calendar, then press the 'Calculate EMI' button.
Loan EMI Calculator Software will almost instantly provide you with the results in the side window, allowing you to view a detailed account of your future installments, including the exact payment dates and the 'Opening Balance', which will let you know how much you have left to pay.
The 'Principle Amount' section features the sum of money you need to pay back every month, while the 'Interest Amount' shows the monthly cost of your loan interest. Finally, the 'Closing Balance' displays the total amount left for the next month, until you have completely paid off your loan.
Loan EMI Calculator Software enables you to export the results to a TXT file or an Excel document, so you can compare the results of several such calculations and see which one would fit you best. You can even copy the results to clipboard and paste them into another application, for further use.
Loan EMI Calculator Software is an efficient and user-friendly tool that allows you to quickly learn what your monthly installments would be, if you were to take a loan. You can also use it to determine if your current monthly payments are higher than they should be.