Loan EMI Calculator (Mortgage)

About Loan EMI Calculator (Mortgage) Android App

Recalculate your Loan EMI and Total Interest Due in a snap with EMI Calculator.
EMI stands for Equated Monthly Instalment which is a fixed amount of payment a borrower has to make to the lender at a specified date on monthly basis. EMIs consists of your principal loan amount and interest amount, payable every month. Check your monthly payment, balance and principal amount for any type of loan.

EMI calculator is a tool that will require you to enter the amount you want to borrow, the duration of the loan, the interest rates and the processing fee and it will do the rest.

The amortisation table is a snapshot of the progression of the loan and tells you how much you will have paid back at the end of each year, as the loan progresses. It also helps you understand how the interest on the loan will be paid back. It also shows you how much of the initial EMIs will be the interest and how much will be the principal.