EMI Calculator

Financial loans need to be handled with care and a lot of calculation beforehand, in order to assure yourself that you can afford to repay the money back in the expected period of time. You also have to take into consideration various other factors, such as interest rate and the total loan term, which affect the monthly fee you are required to pay.

EMI Calculator is a software utility that enables you to calculate precisely how much are you liable to pay once you accept a loan from the bank. Thus, depending on the total sum of money you want to loan, the application allows you to estimate the monthly payment and the total payable interest at the end of the term.

In order to make the process more intuitive, the utility employs a friendly user interface, consisting of sliders and well-explained functions. Thus, the required information can be easily added and customized with just a few mouse clicks, while the results are automatically calculated each time you bring any modifications to one of the fields.

To better visualize the interest impact on the total payment, EMI Calculator provides you with a graph that displays a break-up of the entire process, by separating the principal loan amount from the total interest you should be paying by the end of the term. You also get the results in percentages, in case you need them for further calculations.

Moreover, you can also view the total payment, which combines the principal loan with the total interest and offers you an estimation about how much money are you paying beside the actual loan. Hence, the operation can also be executed in reverse, in order to calculate the affordability.

In the end, EMI Calculator is a clean and simple financial utility that can quickly provide you with a useful payment graph when it comes to loans and affordability. The easy-to-use interface and intuitive controls make it a very good solution even for inexperienced users.