Purpose:
The EMI (Equated Monthly Installment) Calculator helps users calculate their monthly loan repayment based on the loan amount, interest rate, and tenure.
Process:
- Enter the loan amount and down payment (if applicable).
- Provide the annual interest rate (in percentage).
- Enter the loan tenure in months.
- Click "Calculate EMI" to get the monthly installment amount.
Required Fields:
- Loan Amount (₹)
- Down Payment (₹)
- Interest Rate (% per annum)
- Loan Tenure (Months)