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About
Easily calculate loan EMIs, loan amounts, and compare different loan options. Visualize your loan's amortization schedule with monthly and yearly breakdowns, including graphical representations of principal and interest.
✓EMI Calculation
✓Loan Amount Calculation
✓Loan Comparison
✓Monthly EMI Schedule
✓Yearly EMI Schedule
✓Loan Amortization Visualization
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What's New in EMI Buddy
1.2
August 22, 2017
This app has been updated by Apple to display the Apple Watch app icon. Minor Bug fixes
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FAQ
What is EMI Buddy?
EMI Buddy is a finance app designed to help users calculate their Equated Monthly Installments (EMI), loan amounts, and compare different loan offers. It also provides detailed monthly and yearly amortization schedules.
How does EMI Buddy calculate EMIs?
The app uses standard financial formulas to calculate EMIs based on the loan amount, interest rate, and loan tenure provided by the user. It offers a clear breakdown of principal and interest components.
Can I compare different loans with EMI Buddy?
Yes, EMI Buddy allows you to compare various loan options side-by-side. This feature helps users make informed decisions by analyzing different interest rates and loan terms.
Does EMI Buddy show a payment schedule?
Yes, the app provides a detailed monthly and yearly EMI payment schedule, also known as an amortization schedule. This schedule breaks down how each payment is allocated to principal and interest over the loan's life.
What devices does EMI Buddy support?
EMI Buddy is available for iPhone and iPod devices. It was last updated on August 22, 2017, with version 1.2.
What is the rating of EMI Buddy?
EMI Buddy has a rating of 4.0 stars based on 4 user ratings. The app is rated for ages 4 and up.
Is EMI Buddy free to use?
Yes, EMI Buddy is available for free. There are no in-app purchases or subscription fees required to use its core features.
Does EMI Buddy have ads?
No, EMI Buddy does not contain advertisements. Users can enjoy an ad-free experience while managing their loan calculations.
