EMI | SIP Calculator APP info

1] EMI Calculator – Equated Monthly Instalment.

It is the monthly amount you must pay your lender

to repay a loan or debt, such as a home loan,

a car loan, a personal loan, etc.

2] SIP Calculator – Systematic Investment Plan.

SIP is a process of investing a fixed sum of money

in mutual funds at regular intervals.

SIPs usually allow you to invest weekly, quarterly, or monthly.

3] User can give input of Loan Amount, Interest Rates,

Terms ( Duration in years )

4] User will get output as Monthly payment Loan EMI,

Total Interest payable, Total Payment (Principal + Interest) Amount.

5] User can give input of Monthly invested amount, expected return rate,

Time period in months.

6] User will get output as : Total Payment (Principal + Interest)

Amount, invested amount, estimated returns.

Read more

Leave a Comment