1. Personal Finance Management:
   • Helps individuals plan their finances by providing a clear picture of monthly loan repayments.
   • Useful for budgeting and understanding the impact of loans on monthly expenses.
2. Loan Comparison:
   • Users can compare different loan options by entering various amounts, interest rates, and tenures.
   • Aids in selecting the most suitable loan based on affordable monthly payments.
3. Educational Tool:
   • Can be used by financial advisors, educators, and trainers to demonstrate the effect of interest rates and loan tenures on EMI.
   • Helps in teaching concepts related to loans and interest calculations.

You can also use our SIP Calculator to estimate the Return