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--- |
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title: Home Loan EMI Calculator |
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emoji: 🦀 |
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colorFrom: red |
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colorTo: indigo |
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sdk: streamlit |
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sdk_version: 1.42.2 |
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app_file: app.py |
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pinned: false |
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license: mit |
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short_description: Home Loan EMI Calculator |
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--- |
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# EMI Calculator |
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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. |
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## Features |
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- Takes user input for loan amount, duration, interest rate, and down payment. |
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- Uses the standard EMI formula for calculations. |
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- Provides accurate and rounded EMI results. |
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## Formula Used |
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The EMI calculation follows this formula: |
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```math |
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EMI = \frac{P \times r \times (1 + r)^n}{(1 + r)^n - 1} |
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``` |
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Where: |
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- **P** = Principal loan amount |
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- **r** = Monthly interest rate (annual rate divided by 12) |
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- **n** = Loan duration in months |
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## How to Use |
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### Installation |
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```bash |
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pip install -r requirements.txt |
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``` |
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### Running the script |
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```bash |
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python emi_calculator.py |
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``` |
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### Example Usage |
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``` |
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Enter the loan amount: 10000 |
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Enter the loan duration in months: 12 |
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Enter the monthly interest rate (as decimal, e.g., 0.1 for 10%): 0.1 |
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Enter the down payment amount (if any, else 0): 0 |
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Monthly EMI: 1467.63 |
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``` |
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## Requirements |
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- Python 3.x |
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## Model Card Metadata |
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```yaml |
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tags: |
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- finance |
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- machine-learning |
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- python |
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license: mit |
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``` |
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## License |
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This project is licensed under the MIT License. |
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## Contributions |
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Feel free to fork this repository, submit issues, or contribute enhancements. |
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--- |
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Made with ❤️ by Shivraj |
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Check out the configuration reference at https://huggingface.co/docs/hub/spaces-config-reference |
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