/EMI-Calculator

The EMI (Equated Monthly Installment) Calculator is a web application built with Next.js, Tailwind CSS, and other technologies to help you calculate your monthly loan EMI and view a loan amortization table.

Primary LanguageJavaScriptGNU General Public License v3.0GPL-3.0

EMI Calculator

The EMI (Equated Monthly Installment) Calculator is a web application built with Next.js, Tailwind CSS, and other technologies to help you calculate your monthly loan EMI and view a loan amortization table.

Features

  • Calculate monthly EMI based on loan amount, tenure (in years), and interest rate.
  • Generate a loan amortization table that shows monthly details of your loan.
  • Easy-to-use web interface with a clean and intuitive design.
  • Responsive layout for seamless use on different devices.

How to Use

  1. Installation:

    • Clone this repository to your local machine:

      git clone https://github.com/yuvarajsingh-0/EMI-Calculator.git
    • Navigate to the project directory:

      cd EMI-Calculator
    • Install project dependencies:

      npm install
  2. Run the Application:

    • Start the development server:

      npm run dev
    • Open your web browser and access the application at http://localhost:3000.

  3. Calculate EMI:

    • Enter your loan details in the provided input fields:
      • Loan Amount (in rupees)
      • Loan Tenure (in years)
      • Rate of Interest (annual percentage)
  4. View Results:

    • A realtime Loan Amortization Table is created each time you change the input values in the above step
  5. Loan Amortization Table:

    • The amortization table provides a breakdown of each month's payment, including:
      • Month
      • Principal
      • Interest
      • Balance
      • Interest (%)
  6. Customize and Repeat:

    • Modify the input values as needed to explore different loan scenarios.

Dependencies

This project uses the following key dependencies:

License

GNU General Public License v3.0

Author

Feel free to contribute to the project, report issues, or suggest improvements. Enjoy using the EMI Calculator!