EMI Calculator is a free, user-friendly Android application developed by Bitskon. It allows users to calculate their monthly payments on various types of loans by entering details such as loan amount, interest rate, and loan tenure period. This app features a simple and easy-to-use interface that allows users to compare loans, check yearly and monthly payments of EMI, principal and interest amounts, and create loan profiles to track their monthly EMI amount and payment dates.

The application includes additional features such as the ability to share EMI results and amortization chart details with friends and customers in Excel sheet format. The latest version, 5.6, includes a new card design in the loan profile screen. Previous updates have added functionality such as the ability to change currency, SMS facility to send EMI details, and sharing features for amortization charts. The app is available in multiple currencies and supports different types of loans such as personal, home, and car loans. Overall, EMI Calculator is a great tool for anyone looking to calculate and manage their loan payments.