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README.md
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short_description: Home Loan EMI Calculator
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---
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Check out the configuration reference at https://huggingface.co/docs/hub/spaces-config-reference
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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 [Your Name]
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Check out the configuration reference at https://huggingface.co/docs/hub/spaces-config-reference
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