EMI Calculator

Chances are you can’t really save money on the long run, or simply urgently need a particular sum. The first place to go to is a bank, which also charges interest, so in the end you end up paying a lot more than you asked for. This is legal though, and you can use applications like EMI Calculator to view monthly payment.

Pay attention to the setup process

The application gets installed in little time, letting you quickly take it for a spin. However, you encounter various offers in the steps of the installer, so it’s a good idea to keep your eyes peeled so you don’t end up with potentially unwanted programs installed besides this one, or browser pages changed.
A pretty compact, simplistic window shows up on launch. Accommodation doesn’t take a lot of time, since fields you need to fill in are self-explanatory. Aesthetics are not the center of attention here, so you don’t need to be disappointed by the classic layout on which the application relies.

Result shown at the press of a button

Effort required on your behalf isn’t abundant, and you only need to fill in three fields. The first is the loan amount, the second is the interest rate, while the last represents the loan period in years. At the press of a button, the application takes care of calculus and shows how much you need to pay every month to stay in parameters.
There is a certain degree the application offers, because currency isn’t required. Regardless of the currency used, calculus functions for EMI remain the same. To always have the application at hand, a neat tweak is to assign a hotkey command to its shortcut from the Properties panel.

A few last words

Bottom line is that loans need to be carefully handled so you don’t go bankrupt. As such, EMI Calculator helps you calculate the monthly fee you need to pay by simply filling in details for the desired amount, period, and interest rate based on the bank.