Easy EMI Loan Calculator Calculates your EMI, Advance EMI, Compare loan, and plan your loan repayment in a productive way.
Key Points:
- Interest Rates (APR, Minimum to Maximum): 16% to 32% per annum
- Maximum APR: 32%
- Repayment Period (Minimum to Maximum): 6 to 36 months
- Processing Fee: 2-4% of loan amount
- Calculate EMI on monthly basis
- It is easiest and fastest way to calculate your all EMI
- Easily option available to compare between two loans
- You can check further loan planning
- Maintain history of different loans and you can view there at any time
EXAMPLE OF LOAN: -
✔ Loan Amount (Principal): ₹ 50,000/-
✔ Interest Rate: 3% monthly Simple Interest
✔ Tenure: 12 Months
✔ EMI Amount: ₹ 5,023/-
✔ Total Interest Payable: ₹ 5,023 x 12 - ₹ 50,000 Principal = ₹ 10,276/-
✔ Processing Fees (incl. GST): ₹ 1000 (Processing fee @ 2%) + ₹ 180 (GST) = ₹ 1180/-
✔ Disbursed Amount: ₹ 50,000 - ₹ 1,180 = ₹ 48,820/-
✔ Total Amount Payable: ₹ 5,023 x 12 months = ₹ 60,276/-
✔ APR = 22.9%
NOTES:
● This EMI Calculator app is just a financial tool and not any loan provider or connection with any NBFC or any finance services.
● This app is working as a financial calculator app and not giving any lending services.
Thank You
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