# EMI Calculator for Loan

> Loan EMI calculator for various loan types with currency and history features. (iPhone/iPad app by G Sanghani.)

- Source: https://appshunter.io/ios/app/emi-calculator-for-loan/id1144799005 (this page in markdown: same URL + `.md`)
- Developer: [G Sanghani](https://appshunter.io/developer/772995906)
- Category: Finance, Utilities
- Price: Free
- Rating: 5.00/5 from 3 App Store ratings · 50 written reviews indexed
- Age rating: 4+
- Requires: iOS 10.0 · 20 MB
- Languages: American English
- Released: 2016-09-09
- Data updated: 2026-06-11
- Monetization: free
- User reviews in markdown: https://appshunter.io/ios/app/emi-calculator-for-loan/id1144799005/reviews.md

## What is EMI Calculator for Loan?

EMI Calculator App is a handy tool to calculate EMI for Home Loan, Car Loan, Bike Loan, Gold Loan, etc. This App has unique features like USD & INR currency mode, History to reuse past calculations, Profile to save complete loan information, Home / Personal Loan Eligibility Calculator & Documents List, etc. It is capable of reverse calculations like Principal Amount, Rate of Interest, Loan Tenure. This app is free to download Home Loan / EMI Calculator / Mortgage Calculator / personal loan calculator, with easy to use UI and works in offline mode.



It is the best mortgage/loan calculator for your financial calculation with the following key features:


# EMI CALCULATION


» Calculate EMI: Enter Amount, Interest Rate (%) and Loan Tenure (Years / Months) to calculate EMI. 
» Calculate Loan Amount: Enter EMI Amount, Interest Rate (%) and Loan Tenure to calculate the principal amount. 

» Calculate Tenure: Enter Principal Amount, EMI and Interest Rate (%) to find tenure of the loan. 
» Calculate Interest Rate: Enter Principal Amount, EMI and Tenure to find the loan interest rates (%).


» Compare Loan: Loan comparison of various banks by entering Principal Amount, Rate of Interest (%) and Tenure. Calculation result includes information like EMI Amount, Interest and total payable amount, for the values entered.
» Loan Profile: You can save complete information of your loan like Loan Name, Bank Name, Loan Account Number, Loan Date, 1st EMI Date, Processing Fees, etc. to track your loan. Here you will get information like total loan amount, total EMI to pay. 

» Amortized Chart: Payment Schedule of the outstanding loan; Month wise & Year wise (for Indian Users, April to March and for US / UK Users, January to December.)
» History: Keeps records of your past calculation
» Multi-Currency: You can use App in Indian Rupees (INR ₹) to use terms like Crore, Lakh, Thousand in Indian Currency Format or US Dollar (USD $) to use terms like Trillion, Billion, Million in US Currency Format.


Unique Features:


# HOME LOAN INFO for INDIAN Users

» Pre-Payment: Calculate new EMI or tenure based on pre-payment and reduced interest rate

» AdvanceEMI: Users can calculate EMI with Reducing/Fixed interest type, In arrears/In advance EMI type and also considers GST applicable on interest and converts reducing rate to flat rate or flat rate to reducing rate. It is a very useful feature for Loan DSA \ Consultants \ Agents \ Banking Employees

» Check Eligibility: Users from India can check their home loan eligibility based on Income (Salary), Property Document needed and Market Valuation.

» Home Loan Interest Rates (ROI): Latest Interest rates of various banks to compare EMI amount.
» Documents Required: Documents required of Salaried Person or Businessman or Self Employed to avail home loan from Public Sector Banks, Private Sector Banks, Housing Finance Companies (HFC) in India.

» EMI per lakh: For Principal Amount of 1 lakh, you can find EMI payable for a variable rate of interest.
» FAQs: Articles on What is EMI, How to Calculate EMI, and How to use EMI Calculator are provided here for the information only.

You can even refer this loan calculator app to your friends and family members via e-mail, SMS or any other messaging app to calculate interest on mortgage/Personal Loan, Compare Mortgage, Education (Student) Loan, Vehicle Loan, Small Business Loan etc. 


This App is developed at ASWDC by Prof. Rupesh G. Vaishnav, Computer Department.

ASWDC is Apps, Software, and Website Development Center @ Darshan Institute of Engineering & Technology, Rajkot, India that runs by Students & Staff of Computer Engineering Department


Call us: +91-94280-37452


Write to us: aswdc@darshan.ac.in
Visit: http://www.aswdc.in http://www.darshan.ac.in

Follow us on Facebook: https://www.facebook.com/DarshanInstitute.Official

Follows us on Twitter: https://twitter.com/darshan_inst

## Key features

- Calculate EMI, Loan Amount, Tenure, and Interest Rate
- Compare loans from different banks
- Save loan profiles and track payments
- View amortized payment schedules
- Multi-currency support (INR & USD)
- Home loan eligibility and document checklist (India)
- Pre-payment and advance EMI calculations

## Recent user reviews (10 of 50)

All indexed reviews: https://appshunter.io/ios/app/emi-calculator-for-loan/id1144799005/reviews.md

### 5/5 — Great and simple

*2025-11-06, version 2.0*

Have been using it for years and it’s very easy to use and i absolutely love it! Keep up the good work!

### 5/5 — Nice app

*2025-07-10, version 2.0*

Very easy to use

### 3/5 — Pre payment calculator is wrong

*2025-03-01, version 2.0*

In your pre payment calculator you ask for outstanding amount, current interest rate, current emi and pre payment amount but not ask about — after how many emi you are doing part payment. After that you can calculate exact amount

### 4/5 — Month option not available in Compare Loan

*2025-02-28, version 2.0*

In Compare loan option not able to change the term in months, it is only for years. Please have a look into this.

### 1/5 — No option to include monthly pre payment

*2024-01-09, version 2.0*

Pre payment is only one shot, however looking for monthly prepayment tab and how it reduces emi tenure and interest.

### 4/5 — Add chit interest calculator

*2023-01-13, version 2.0*

Need to add chit interest calculator. It’s having commission percentage, no of months, cash receive by hand and how much want to pay by cash option also.

### 5/5 — One of the best calculator

*2022-12-18, version 2.0*

One of the best calculator I used every day

### 5/5 — Simple UI & Easy to use

*2022-11-30, version 2.0*

This is one of the best EMI calculator application I have used. Have all the functions I was looking for and pretty easy to use. Really appreciate the developers for this. Thank you!

### 3/5 — How to enable dark mode

*2022-11-27, version 2.0*

Am using this app for a long time in app description said dark mode enabled but can’t find the option in the app

### 5/5 — Good very useful tool

*2022-08-18, version 2.0*

Appreciate your team

## Frequently asked questions about EMI Calculator for Loan

### What is this app used for?

This app is a comprehensive tool for calculating Equated Monthly Installments (EMI) for various loan types such as home loans, car loans, bike loans, and gold loans. It helps users understand their loan obligations by calculating EMI, principal amount, interest rate, and loan tenure. It also offers features like loan comparison, profile saving, and eligibility checks for home loans in India.

### What are the key features of the EMI Calculator for Loan app?

Key features include the ability to calculate EMI, loan amount, tenure, and interest rate. Users can also compare loans from different banks, save complete loan information in a profile, view amortized payment schedules, and utilize multi-currency support for INR and USD. For Indian users, it provides home loan eligibility checks and lists required documents.

### Is this app free to use?

Yes, this application is free to download and use. It provides all its calculation and loan management features without any cost to the user.

### What types of loans can I calculate with this app?

You can calculate EMIs for a wide range of loans including Home Loan, Car Loan, Bike Loan, Gold Loan, Personal Loan, and other mortgage-related loans. The app is designed to be a versatile financial calculation tool for various borrowing needs.

### Does the app work offline?

Yes, the app is designed to work in offline mode, meaning you can perform all your loan calculations and access saved information without needing an active internet connection.

## Version history (last 5 releases)

### 2.0 — 2020-07-23

- App enabled for dark mode
- Bug fixes

### 1.9 — 2020-07-18

Pre-Payment: Calculate new EMI or tenure based on pre-payment and reduced interest rate

Advance EMI: Users can calculate EMI with Reducing/Fixed interest type, In arrears/In advance EMI type and also considers GST applicable on interest and converts reducing rate to flat rate or flat rate to reducing rate. It is a very useful feature for Loan DSA \ Consultants \ Agents \ Banking Employees

Bug fixes.

### 1.8 — 2019-09-14

Pre-Payment: Calculate new EMI or tenure based on pre-payment and reduced interest rate

Advance EMI: Users can calculate EMI with Reducing/Fixed interest type, In arrears/In advance EMI type and also considers GST applicable on interest and converts reducing rate to flat rate or flat rate to reducing rate. It is a very useful feature for Loan DSA \ Consultants \ Agents \ Banking Employees

Home Loan Interest Rates: Updated interest rates of various banks to compare EMI amount

### 1.7 — 2019-03-12

- Precision Improvisation
- Bug Correction

### 1.6 — 2019-02-01

-Pro EMI calculator for professionals with Interest Type (reducing / fixed), EMI (in-arrears / in-advance), GST, Processing Fee
-Rounding of EMI, Interest, Outstanding Balance
-Latest: Indian home loan floating interest rates
-Minor bug fixing

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-06-11.*