CashLoan - EMI Loan Calculator

About CashLoan - EMI Loan Calculator

CashLoan - EMI Loan Calculator is a simple, efficient, and user-friendly financial calculator designed to help you calculate Equated Monthly Installments (EMI) for various types of loans such as personal loans, home loans, car loans, and more. With just a few taps, you can easily determine your monthly payment, total interest, and total payment over the loan tenure, giving you clear insights into your financial planning. This app is purely a financial tool and does not offer or facilitate actual loans.

❃ Key Features:
☛ EMI Calculation:
➢ Quickly compute EMI by entering the loan amount, interest rate, and loan tenure.
➢ Provides instant results, displaying the monthly payment, total interest, and total amount payable.

☛ Loan Comparison:
➢ Compare multiple loan options by varying the interest rates, tenure, or principal amounts to find the most affordable option.

☛ Loan Amortization Schedule:
➢ View a detailed breakdown of your loan repayment schedule with monthly principal and interest components for the entire loan term.

☛ Prepayment Calculation:
➢ Understand the impact of loan prepayments by calculating the reduced tenure or EMI based on prepayment amounts.

☛ Interest vs. Principal:
➢ Visualize the breakdown of total payments into interest and principal with easy-to-read charts.

☛ Loan Summary:
➢ Summarize key loan details, including the total interest paid, total repayment amount, and the effective interest rate.

☛ Easy-to-Use Interface:
➢ Intuitive, clean design that makes financial calculations fast and hassle-free, suitable for users of all financial knowledge levels.

❃ Use Cases:
➢ Ideal for individuals planning to take out a loan and wanting to estimate their monthly obligations.
➢ A perfect tool for comparing loan offers from various financial institutions.
➢ Helps in planning financial decisions by visualizing how loan parameters affect EMI and overall costs.