metadata

title: Home Loan EMI Calculator
emoji: 🦀
colorFrom: red
colorTo: indigo
sdk: streamlit
sdk_version: 1.42.2
app_file: app.py
pinned: false
license: mit
short_description: Home Loan EMI Calculator

EMI Calculator

This is a simple Python script that calculates the Equated Monthly Installment (EMI) for a loan based on user input. The script prompts the user to enter the loan amount, duration, interest rate, and optional down payment, then computes the EMI.

Features

Takes user input for loan amount, duration, interest rate, and down payment.
Uses the standard EMI formula for calculations.
Provides accurate and rounded EMI results.

Formula Used

The EMI calculation follows this formula:

EMI = \frac{P \times r \times (1 + r)^n}{(1 + r)^n - 1}

Where:

P = Principal loan amount
r = Monthly interest rate (annual rate divided by 12)
n = Loan duration in months

How to Use

Installation

pip install -r requirements.txt

Running the script

python emi_calculator.py

Example Usage

Enter the loan amount: 10000
Enter the loan duration in months: 12
Enter the monthly interest rate (as decimal, e.g., 0.1 for 10%): 0.1
Enter the down payment amount (if any, else 0): 0
Monthly EMI: 1467.63

Requirements

Python 3.x

Model Card Metadata

tags:
  - finance
  - machine-learning
  - python
license: mit

License

This project is licensed under the MIT License.

Contributions

Feel free to fork this repository, submit issues, or contribute enhancements.

Made with ❤️ by Shivraj

Check out the configuration reference at https://huggingface.co/docs/hub/spaces-config-reference