EMI Calculator 2.0.0.0

A simple and easy to use application that can quickly calculate your Equated Monthly Installment (EMI), providing real-time accurate results
EMI Calculator is quite a basic yet very useful piece of software developed in order to provide you with a quick means of calculating your monthly payments in case you contract a loan.

EMI stands for Equated Monthly Installments and represents the sum of money you are expected to return on a regular basis to the bank or other institution you borrowed from, which also includes the interest.

The first field you need to complete in order to generate your EMI is the 'Loan Amount'. The sum you enter needs to do be a whole number, meaning you cannot split it into sections, using dots or commas. Next, you need to input the 'Interest Rate', which is a percentual value and can be at most a two-digit decimal number, for instance '12.67'.

Another required information is the 'Loan Duration', meaning the period of time over which you are supposed to return the money you borrowed. You can enter the value, then select the 'Years' or 'Months' option, depending on your particular situation.

After entering all these details, EMI Calculator will automatically calculate the 'Monthly Payment (EMI)', 'Total Interest Payable' and the 'Total Payment', displaying the results in the side-table and allowing you to export them to a TXT file that is automatically stored on your desktop or copy them to clipboard so you can paste them in another application for further work.

EMI Calculator is a helpful albeit basic utility that can help you get a quick estimate of the sum of money you will have to pay back monthly in case you take on a loan, enabling you to learn if the amount is something you can handle or not.

Reviewed by on December 19th, 2013


last updated on:
March 20th, 2013, 3:09 GMT
file size:
606 KB
price:
FREE!
developed by:
Nucleation
license type:
Freeware
operating system(s):
Windows All
category:
C: \ Others \ Home & Education

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softpedia rating

3.5/5

user rating 10

2.9/5
 

0/5

1 Screenshot
EMI Calculator - EMI Calculator comes with a simple interface to help you perform the needed calculations.
What's New in This Release:
  • Added save emi calculation feature
read full changelog
 

Application description

EMI Calculator is a small but effective application that was especially designed to provide you with a means of easily...

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