Vol. 4 No. 4 (2025): October
RESEARCH ARTICLES

A Client-Side Web Application for Loan Eligibility and EMI Calculation

Challa Ashok Kumar Reddy
School of Computer Science and Engineering, REVA University, Bengaluru, India
C S Shoaib Basha
School of Computer Science and Engineering, REVA University, Bengaluru, India
Madhu Chetan
School of Computer Science and Engineering, REVA University, Bengaluru, India
P S Lalith Sahan
School of Computer Science and Engineering, REVA University, Bengaluru, India
Afifa Salsabil Fathima
School of Computer Science and Engineering, REVA University, Bengaluru, India

Published 2025-05-20

Keywords

  • Loan calculator,
  • Web Application,
  • EMI,
  • EMI calculator

How to Cite

Challa Ashok Kumar Reddy, C S Shoaib Basha, Madhu Chetan, P S Lalith Sahan, & Afifa Salsabil Fathima. (2025). A Client-Side Web Application for Loan Eligibility and EMI Calculation. International Journal of Computational Learning & Intelligence, 4(4), 818–822. https://doi.org/10.5281/zenodo.15474890

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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