EMI Calculator

The EMI Calculator is a Python library that provides a convenient way to calculate the Equated Monthly Installment (EMI) for a loan. It helps borrowers determine the fixed monthly payment, considering the principal loan amount, interest rate, and tenure in months.

Installation

You can install the EMI Calculator library using pip:

pip install emi-calculator

Usage

from emi_calculator import emi_calculator

# Input loan details
loan_amount = float(input('Enter loan amount: '))
interest_rate = float(input('Enter interest rate: '))
tenure_months = int(input('Enter tenure in months: '))

# Calculate EMI
emi = emi_calculator(loan_amount, interest_rate, tenure_months)
print(f"The Equated Monthly Installment (EMI) is: {emi:.2f}")

Example Let's calculate the EMI for a loan of $10,000 with an annual interest rate of 5% and a tenure of 36 months:

from emi_calculator import emi_calculator

loan_amount = 10000
interest_rate = 5
tenure_months = 36

emi = emi_calculator(loan_amount, interest_rate, tenure_months)
print(f"The Equated Monthly Installment (EMI) is: {emi:.2f}")

Output:

The Equated Monthly Installment (EMI) is: 304.17

Contributing Contributions are welcome! If you have any suggestions, improvements, or bug fixes, please create an issue or submit a pull request.

License This project is licensed under the MIT License. See the LICENSE file for details.