EMI Calculator for Windows 8 is a free EMI calculator for Windows 8 that lets you calculate EMI for a loan. This app is really useful because with it you can get the idea of how much you will have to pay per month before taking up a loan and you do not need to go to a banker to get answer to such a basic question.
This EMI calculator for Windows 8 also offers you the ability to calculate loan affordability which again is quite a useful feature of this app. The best thing that I liked about the app is it’s simplicity of use and it’s ability to show information in a structured and easy to understand manner. One annoying thing about this app is that you cannot change the currency; it remains Rupees but that does not not affect the functionality of the app.
This intuitive EMI Calculator for Windows 8 allows you to plan for any kind of loan. All you need to know is the principle loan amount, interest, and the loan term and you will be presented with the results instantly.
You can download and install the app from the link provided at the end of this post. After you have downloaded and installed the app, just run the app form the start screens and you will have the interface in front of you as shown in the above screenshot.
How to use the EMI calculator:
When you open up the app, it will be in the EMI Calculator mode. Now just enter the principle loan amount in the first field of the app. Also you can use the given slider below the loan amount text box to adjust the amount of the principal loan amount. The next step is to enter the rate of the interest that is going to be applied on the loan amount and the last step of the process is entering the loan term; the duration of the loan. This information can be added in years or months whatever suits your needs. Now that you will have filled the form, it will look like as shown in the screenshot below. I have cut the main window into parts so that the interface can be understood more easily.
To get the results you do not have to click on any button, you will be presented with the set of results as shown in the screenshot below on the right side of the app windows. At the top you will be able to see the monthly EMI, total payable interest, total payment. Below these three fields you will be presented with the pie chart that shows the payment breakup.
In this manner you can calculate EMI for a certain loan amount and duration with complete ease by using this EMI calculator for Windows 8
How to use loan affordability calculator:
This is a interesting feature of this EMI calculator for Windows 8; the app allows you to calculate loan affordability. Basically, it lets you find how much loan you can avail based on the amount of EMI that you can afford.
To do so, just enter the EMI that you think you will be able to pay each month, then select the interest rate that will be applied on the loan, and the last thing that you are supposed to enter is the term of the loan. After you have entered the details, you will be presented with amount of loan that you can afford, the total interest that you will have to pay, total payment, and at last a pie chart that displays these details as shown in the screenshot below.
To download EMI Calculator for Windows 8 just click on this link which will open up the Windows 8 app store webpage form where you can download and install the app into your Windows 8 device. If you were looking for something a bit advanced then try out Loan Manager for Windows and if you want a traditional desktop app to calculate EMI that should be simple to use then download Free Mortgage Calculator.