EMI Calculator inc Apk
Apk Infos
| Version | 1.0 |
| Rating | 0.0/5, based on 1 votes |
| Size | 5.7 MB |
| Requires Android | Android 2.2+ (Froyo) |
About EMI Calculator inc APK
Description
Equated Monthly Installment – EMI for short – is the amount payable every month to the bank or any other financial institution until the loan amount is fully paid off. It consists of the interest on loan as well as part of the principal amount to be repaid. The sum of principal amount and interest is divided by the tenure, i.e., number of months, in which the loan has to be repaid. This amount has to be paid monthly. The interest component of the EMI would be larger during the initial months and gradually reduce with each payment. The exact percentage allocated towards payment of the principal depends on the interest rate. Even though your monthly EMI payment won’t change, the proportion of principal and interest components will change with time. With each successive payment, you’ll pay more towards the principal and less in interest.Computing EMI for different combinations of principal loan amount, interest rates and loan term using the EMI formula by hand is time consuming, complex and error prone. Our EMI calculator automates this calculation for you and gives you the result in a split second along with visual charts displaying payment schedule and the break-up of total payment.
Enter the following information in the EMI calculator:
Principal loan amount you wish to avail (rupees)
Loan term (months or years)
Rate of interest (percentage)
After entering following details you just have to press submit button to know your Equated monthly installments in Indian rupees.
How to install EMI Calculator inc APK on Android phone or tablet?
Download EMI Calculator inc APK file from ApkClean, then follow these steps:
Update Phone Settings
- Go to your phone Settings page
- Tap Security or Applications (varies with device)
- Check the Unknown Sources box
- Confirm with OK
Go to Downloads
- Open Downloads on your device by going to My Files or Files
- Tap the APK file you downloaded (com.phonegap.emi-v1.0-ApkClean.apk)
- Tap Install when prompted, the APK file you downloaded will be installed on your device.
Older Versions
| 1.0 (1) | 5.7 MB |
Questions & Answers
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A: Just like Windows (PC) systems use an .exe file for installing software, Android does the same. An APK file is the file format used for installing software on the Android operating system.
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A: Yes, absolutely. The Play Store installs APKs it downloads from Google's servers, and sideloading from a site like ApkClean.net goes through a very similar process, except you're the one performing the downloading and initiating the installation (sideloading).
As soon as the Play Store finds a version of the app newer than the one you've sideloaded, it will commence an update.
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A: Apps require access to certain systems within your device. When you install an application, you are notified of all of the permissions required to run that application.
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