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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.

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YuvarajSingh-0/EMI-Calculator

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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!

About

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.

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