What is EMI Calculation?
EMI Calculation is calculation of EMI for your loan with EMI amount, Total Interest amount, Total Amount. and also, you can have a detailed loan repayment schedule with Interest and principal payable for each EMI of your loan
Problem
The current situation for users is calculating EMI for loans manually or using basic spreadsheets. The drawbacks of this old situation include the time-consuming process and potential for errors when users manually calculate EMI, as well as the lack of detailed repayment schedules.
Solution
An online tool that calculates EMI for loans, providing users with the EMI amount, total interest amount, and total loan amount. Additionally, users can access a detailed loan repayment schedule, showing interest and principal payable for each EMI.
Customers
Individuals, financial advisors, and small business owners seeking to manage loan repayments efficiently and accurately, particularly those who lack advanced financial software.
Unique Features
The ability to provide a detailed loan repayment schedule along with interest and principal breakdown for each EMI, offering users a comprehensive understanding of their loan repayments.
User Comments
Easy to use and intuitive interface.
Helps in managing and understanding loan repayments.
Saves time compared to manual calculations.
Useful for both individuals and financial advisors.
Efficient and accurate in calculations.
Traction
The product appears to be newly launched with introductory capabilities focused on simplifying EMI calculations. Specific user numbers or revenue are not available from the provided information.
Market Size
The global financial technology market was valued at approximately $127.66 billion in 2021 and is expected to grow at a CAGR of 19.8% from 2022 to 2030, indicating a strong potential for financial calculators within this expanding sector.
