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A1 EMI Calc - ALL Loan Planner Screenshot 0
A1 EMI Calc - ALL Loan Planner Screenshot 1
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About A1 EMI Calc - ALL Loan Planner

š—”šŸ­ š—˜š— š—œ š—–š—®š—¹š—° - š—”š—Ÿš—Ÿ š—Ÿš—¼š—®š—» š—£š—¹š—®š—»š—»š—²š—æ

š—”šŸ­ š—˜š— š—œ š—–š—®š—¹š—° š—£š—暝—¼š˜ƒš—¶š—±š—²š˜€ š—˜š— š—œ š—–š—®š—¹š—° - š—–š—¼š—ŗš—½š—¼š˜‚š—»š—± š—œš—»š˜š—²š—暝—²š˜€š˜ š—–š—®š—¹š—° - š—›š—¼š—ŗš—² š—Ÿš—¼š—®š—» š—–š—®š—¹š—° š—²š˜š—°.

š—˜.š— .š—œ š—–š—®š—¹š—° :
EMI, which stands for Equated Monthly Instalment, refers to a predetermined fixed payment that borrowers make to lenders on a specific date each month. This regular instalment includes both the principal amount and the interest, allowing borrowers to gradually repay their loans over a set period. EMIs provide a structured repayment plan and are commonly used in various types of loans, such as home loans, car loans, and personal loans.

šŸ­. š—£š—暝—¶š—»š—°š—¶š—½š—®š—¹ š—®š—ŗš—¼š˜‚š—»š˜ :The initial loan amount or principal is a significant determinant of the EMI. A higher principal will result in a higher EMI, while a lower principal leads to a lower EMI.

šŸ®. š—œš—»š˜š—²š—暝—²š˜€š˜ š—暝—®š˜š—² (%) : The annual rate of interest charged by the lender has a direct impact on the EMI. A higher interest rate results in a higher EMI, while a lower rate leads to a lower EMI.

šŸÆ. š—Ÿš—¼š—®š—» š˜š—²š—»š˜‚š—暝—² : The duration of the loan, typically measured in months, affects the EMI. A longer tenure reduces the EMI amount but increases the total interest paid over the loan's life, whereas a shorter tenure increases the EMI but reduces the overall interest cost.

š—–š—¼š—ŗš—½š—¼š˜‚š—»š—± š—œš—»š˜š—²š—暝—²š˜€š˜ š—–š—®š—¹š—° :
Compound interest is the interest you earn on interest.

š—›š—¼š—ŗš—² š—Ÿš—¼š—®š—» š—–š—®š—¹š—° :
A home loan is a secured loan that is obtained to purchase a property by offering it as collateral. Home loans offer high-value funding at economical interest rates and for long tenures. They are repaid through EMIs.

š—•š—®š˜€š—¶š—° š—–š—®š—¹š—° :
A Basic Calc is that performs arithmetic operations on numbers. Basic calculators can do only addition, subtraction, multiplication and division mathematical calculations.

š—™š—²š—®š˜š˜‚š—暝—²š˜€ :
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Akash Prakash