Loan Calculator

A simple web application that calculates loan payments.

🔍 Features

• Calculate monthly installment (EMI) based on Principal, Interest Rate and Tenure\
• Show total payment (Principal + Interest)\
• Clean, responsive UI\
• Can be extended with charts or additional features

💻 Technology Stack

• HTML\
• CSS\
• JavaScript

🚀 Getting Started

Prerequisites

• Any modern browser\
• (Optional) a local HTTP server like VSCode Live Server

Installation / Usage

1. Clone this repository:

   git clone https://github.com/debug-node/Loan-Calculator.git

2. Go into the project folder:

   cd Loan-Calculator

3. Open index.html in your browser (or run it using a live server).

4. Enter Principal, Interest Rate and Tenure in the UI and click Calculate.

📁 File Structure

File / Folder Description

---

index.html Main HTML page / UI structure style.css All CSS styles script.js JavaScript logic for calculations

🛠️ How It Works

• Takes user inputs (principal, rate, tenure) via the UI.\

• Applies the EMI formula:

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

  where:

  • P = loan amount (principal)\
  • r = monthly interest rate (annual rate divided by 12)\
  • n = number of months (tenure)

• Displays monthly installment, total interest, and total payment.

✅ Validation

• Input fields cannot be empty\
• Rate and tenure must be positive numbers\
• Decimal / fractional interest rates are supported

❓ Future Improvements

• Support multiple time units for tenure (years / months)\
• Add charts or graphs to show payment distribution\
• Enhance UI styling\
• More robust input validation with error messages

📄 License

This project can be released under the MIT License or any license you prefer.
(Include the full license text here if you want.)

🧑‍💻 Author

• debug-node