FAIR

Federated and Independent Repositories

EMI Calculator

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EMI Calculator

by Mortgage Calculator

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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.

External services

The calculator title links to https://www.calculator.io/emi-calculator/ (or its translation for the site language); nothing is sent unless a visitor follows the link.

  1. EMI Calculator Widget.

    EMI Calculator Widget.

  2. Plugin Backend Settings.

    Plugin Backend Settings.

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

Best Loan EMI Plugin

By parasisapatel on December 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.

1.4.2

  • Security: escape all output, whitelist the currency and display settings on save, check capability on the settings page.
  • Fix: the shortcode now returns its markup instead of printing it, so it appears where it is placed in the content.
  • The principal/interest pie chart is drawn by the plugin itself (SVG); Google Charts is no longer loaded from gstatic.com.
  • Removed a stray debug dump from the settings page; prefixed all function names; enqueue scripts and styles with versions and dependencies; no request for the missing icon font stylesheet.
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