Published 2025-05-20
Keywords
- Loan calculator,
- Web Application,
- EMI,
- EMI calculator
How to Cite
Copyright (c) 2025 Challa Ashok Kumar Reddy, C S Shoaib Basha, Madhu Chetan, P S Lalith Sahan, Afifa Salsabil Fathima

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Abstract
A Loan Eligibility and EMI Calculator is a financial assessment tool designed to help individuals evaluate their eligibility for a loan and estimate their monthly repayment amount. The system enables users to input key financial parameters, such as income, credit score, existing liabilities, desired loan amount, interest rate, and repayment tenure. Based on this information, it determines whether the applicant qualifies for a loan and calculates the corresponding Equated Monthly Installment (EMI). The primary objective of this tool is to simplify and automate the loan evaluation process, making it more accessible to potential borrowers. Loan eligibility is determined based on various factors, including the applicant’s income-to-debt ratio, creditworthiness, and financial stability. The EMI calculation follows a standardized formula that considers the principal amount, interest rate, and tenure, allowing users to assess their financial commitments before applying for a loan.This tool serves as a valuable resource for both individuals and financial institutions. Borrowers can use it for informed decision-making regarding loan affordability, while lenders benefit from a streamlined pre-qualification process. The system can be implemented as a web-based or mobile application, integrating real-time data to enhance accuracy.
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