Loan EMI Calculator
Loan EMI Calculator Key features:
- Input Validation Logic : Validate loan amount (minimum ₹1,000), interest rate (0.1% to 50%), and loan term (1-30 years) with real-time error display.
- EMI Calculation Formula : Implement M = P × [r(1+r)^n] / [(1+r)^n-1] where P=principal, r=monthly rate (annual rate/12/100), n=total months.
- Results Formatting : Display calculated values in Indian currency format using toLocaleString('en-IN') with proper ₹ symbol placement
- Error State Management : Hide all error messages on calculation start, show specific field errors, and prevent calculation if validation fails.
- User Experience Features : Include animated results appearance, responsive design for mobile devices, and smooth hover effects on buttons.
