SBI Personal Loan Calculator
function calculateEMI() {
var loanAmount = parseFloat(document.getElementById(“loanAmount”).value);
var interestRate = parseFloat(document.getElementById(“interestRate”).value) / 100 / 12;
var loanTenure = parseFloat(document.getElementById(“loanTenure”).value) * 12;
if (isNaN(loanAmount) || isNaN(interestRate) || isNaN(loanTenure) || loanAmount <= 0 || interestRate <= 0 || loanTenure <= 0) {
alert("Please enter valid positive values.");
return;
}
var emi = (loanAmount * interestRate * Math.pow(1 + interestRate, loanTenure)) / (Math.pow(1 + interestRate, loanTenure) – 1);
document.getElementById("emi").value = emi.toFixed(2);
}
