Full Description :
📌 Overview
Smart Loan & EMI Calculator helps you plan and manage loans with precision. Calculate EMI, interest, and payments, then save results as scenarios. Compare scenarios to make the best financial decisions.
📌 Main Features
📌Loan Basics
Enter loan amount, interest rate, tenure (months), and start date.
Choose rounding method: Banker’s or Standard.
📌Advanced Options
Add processing fee and grace period.
Grace type supported: Interest-only grace period.
Vehicle loan support with flexible rate and payment plans.
📌Flexible Settings
Add Rate Step: Change interest rates mid-loan.
Add Prepayment: Reduce balance with one-time payments.
Add Recurring Extra: Extra payments every month.
Set Balloon Payment: Final lump-sum option.
📌Calculation & Save
Press Calculator and Save to generate results.
Each saved result is stored as a Scenario in the bottom tab.
📌Summary Results
Every scenario includes:
📌 EMI (Monthly Payment)
📌 Total Interest
📌 Total Payment
📌 APR (Annual Percentage Rate)
📌 EAR (Effective Annual Rate)
📌 Tenure
📊 Graph view for clear visualization
📌Compare Scenarios
Use the Compare Tab at the bottom.
Compare two scenarios side by side with full details.
Currently supports the last two saved scenarios for quick comparison.
📌 Why use this app?
Understand your loan repayment in detail.
Compare different repayment strategies.
Graphs and scenarios make financial planning simple.
📌 Disclaimer
This app is for calculation and planning support only. Results may vary by lender. Please consult your financial institution before making final decisions.
