Simple Emi Calculator

Features Simple Emi Calculator

The Simple calculator for annuity, differentiated and fixed payments.Calculation:the monthly payment, the amount of interest paid, the total cost of credit, amortization schedule and a comparison of all these indices between different loans.About all issues please report to project home page or to my E-mail address.
Note: Enter interest per year not month
Simple emi calculator also know as easy emi calculator which will calculate the monthly payment on floating interest basics, still this Simple emi calculator is in development kindly let me know if any error or bugs happen via my email id.
Thanks.

About Simple EMI Calculator:
What is Emi (Equated Monthly Installment)?
An equated monthly installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.
Equated monthly installments are used to pay off both interest and principal each month so that over a specified number of years.
What is EMI Calculator?
EMI Calculator - Calculate Equated Monthly Installment (EMI) for Home Loan / Housing Loan, Car Loan & Personal Loan in India (with interactive charts)
What Formula used in Simple Emi Calculator?
EMI = P x r x (1 + r)n/((1 + r)n - 1)
Where P= Loan amount, r= interest rate, n=tenure in number of months.