by: Sameer Bhanot • 0
- Loan calculator is a useful tool to calculate your home loan and vehicle loan Monthly Payments (EMIs) on reducing balance basis.
- This tool also allows you to drag Rate and Tenure scroll bars to see impact on your Loan Calculation dynamically.
- Also gives you an option to generate loan Monthly Repayment chart. Note that most of other tools available do not provide this feature.
- The repayment chart allows you to see the Principal and Interest components of your monthly Payments.
- You can also send your Loan calculation as a message to your friends.