How much does it cost to develop a Mortgage/Loan EMI Calculator App?

Mortgage/Loan EMI Calculator app, which can also be called as a boon of technology for the people who are buying or purchasing luxurious things by taking loans or by paying bills on installments.

As we know, Nowadays we people like or I can say love to access luxurious things like purchasing or accessing luxury Services. It was easy for rich people to access all the luxurious things but for accessing luxurious services, the Middle class had to access the luxury services by managing their budget, take a loan or purchase things on EMI.

Middle-class People find it very difficult to manage the budget as well as EMI manually. With EMI and loans, people also have to manage their daily spending as well as maintaining things. But if any mistakes occur in manual calculation then probably the person has to face more troubles and issues then its difficult to manage all these things properly.

Mortgage/Loan EMI calculator app can be called as the best solution for the people to manage their savings, monthly income, loans and EMIs.By having this kind of app solution, People can easily track their spending as well as manage loans or EMIs.

Would you like to launch a Mortgage/Loan EMI calculator app in the market?

If yes then here we are going to discuss Mortgage/Loan EMI calculator app, why it is beneficial to launch a Mortgage/Loan EMI calculator app, the basic features which we provide in a Mortgage /Loan EMI Calculator app and the cost of developing this app.

Why is it beneficial to launch a Mortgage/Loan EMI Calculator app in the market?

Nowadays, the various youngsters are launching their own online platforms like a website or mobile app for the betterment of society or for helping people to easily manage things. If you are thinking of initiating an online platform in the market then you can go for the Mortgage/Loan EMI calculator app.

By launching a Mortgage/Loan EMI calculator app, you provide the best solution for the people. Initially, people have to enter their basic details related to their monthly income, salary or extra income if they have, along with this they also have to enter the details related to the amount of Monthly EMIs and loans.

Loan EMI Calculator App

A Mortgage/Loan EMI Calculator app helps the user to easily manage their investments as well as their savings. This app also helps the user to save and calculate their monthly EMI based on the loan amount tenure and interest rate efficiently.

By launching a Mortgage/loan EMI calculator app in the market, you can help various users to easily manage their spending and savings which help them to purchase luxurious things. As an App owner, there are various ways of generating revenue from a mobile app.

Let’s discuss, How to monetise a Mortgage/Loan EMI calculator app?

  • Collaborating with third parties and providing them with your platform for advertising their services and charging them accordingly.
  • By offering a premium or subscription model of the app in which your users have to purchase the premium app services.
  • Providing more security to the app by offering some membership packages to your users.
  • By Collaborating with various firms which give loans to users.

What are the key features of a Mortgage/Loan EMI Calculator App?

The Mortgage/Loan EMI calculator app is an app which calculates the data which is provided to it and provides you with the monthly results as per your spending. This app mainly consists of two main panels:

User Panel

  • User login/Sign in/Sign up module.
  • Users can easily create their account.
  • Able to add all the details related to income.
  • Add the amount they want to save.
  • Amount of monthly EMIs or loan.
  • Set the limit of the spending.
  • Notify when they cross the limit of spending.
  • Notify about their EMIs or loans.
  • Able to mage and calculate their income as well as saving.
  • Payment gateway integration.
  • Provide Feedback and ratings to the user.

Admin Panel

  • Admin Sign in the module.
  • User profile management.
  • Maintain the security of the users.
  • Ads management.
  • Premium or subscription model management.
  • Revenue management.
  • Utilize marketing tools.
  • Manage feedback and ratings of the user.
  • Push notification

How much does it cost to develop a Mortgage/Loan EMI calculator App?

We have already discussed all the things in detail related to a Mortgage /Loan EMI calculator App. The cost of developing a Mortgage /Loan EMI calculator app highly depends on various factors. Let discuss those factors on which the cost of Mortgage/Loan Calculator app is dependent:

Loan EMI Calculator App

  • Mobile app designing.
  • The complexity of the app.
  • Basic features of the app
  • Advanced functionality.
  • The technology platform of the app(Android, IOS or Both)
  • Mobile App developers experiences.

Here I am going to list down the approximate cost of developing a Mortgage/Loan EMI calculator app:

Timeline:

  • App Design:- 9 Working Days
  • Android App Development:- 25 Working Days
  • iOS App Development:- 25 Working Days
  • Web Backend & Apis:- 30 Working Days
  • Testing, Bug fixing, and Deployment:- 7 Working Days

Costing:

  • The approximate cost of developing a Mortgage/Loan EMI calculator app is 5000-8000 USD.

We are at The App Ideas, which is a leading web and app development company. We have a team of skilful and experienced developers who are expert in providing the best solution website and mobile app development for all kinds of business. We have also worked on a similar project related to Mortgage/Loan EMI Calculator app, So offer you the best solution at best rates.

Quick Reach

Would you like to develop a Mortgage/Loan EMI Calculator app? If Yes, then feel free to reach us.

Quick Reach

Would you like to develop a Mortgage/Loan EMI Calculator app? If Yes, then feel free to reach us.