EMI Calculator

Description

A simple to use EMI Calculator widget that can be added via a shortcode [rio-emi-calculator] in post content or page.

Features

  • Easy to install and use.
  • Lightweight and user friendly plugin.
  • Customizable design.

Screenshots

  • EMI Calculator Widget.
  • Plugin Backend Settings.

FAQ

How to Install the plugin?

1.Activate Rio EMI Calculator from Plugins Menu.
2.Check Enable the Plugin from options page.
3.Use shortcode [rio-emi-calculator] in page/post to display the widget.

How is EMI calculated?

An Equated Monthly Instalment (EMI) is usually a fixed amount of money that you need to pay your bank or lender every month as repayment of a loan taken, until your loan is totally repaid.

The formula to calculate an EMI:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

P =loan amount or Principal

R = Interest rate per month
[To calculate rate per month: if the interest rate per annum is 14%, the per month rate would be 14/(12 x 100)]

N = the number of installments

Reviews

دجنبر 1, 2020
This is exactly the plugin I want.Thank You So Much.I am very happy to find this plugin.It is one of the best Loan EMI Plugin.Easy to Use & Easy to setup.Thank You.
Read all 1 review

Contributors & Developers

“EMI Calculator” is open source software. The following people have contributed to this plugin.

Contributors

Translate “EMI Calculator” into your language.

Interested in development?

Browse the code, check out the SVN repository, or subscribe to the development log by RSS.