Use Cool FormKit to build a powerful Loan EMI Calculator that helps users instantly estimate their monthly EMI, total repayment, and total interest based on input values like loan amount, interest rate, and loan tenure.
Example Field IDs:
Use the following formulas for Monthly EMI, Total Interest Payable & Total Repayment Amount:
Math.floor([loan_amount]*([interest_rate]/100)/12/(1-Math.pow(1+([interest_rate]/100)/12,-([loan_term]*12))) )
Math.floor([loan_amount]*([interest_rate]/100)/12/(1-Math.pow(1+([interest_rate]/100)/12,-([loan_term]*12))) ) * [loan_term] * 12 - [loan_amount]
Math.floor([loan_amount]*([interest_rate]/100)/12/(1-Math.pow(1+([interest_rate]/100)/12,-([loan_term]*12))) ) * [loan_term] * 12
Use Cool FormKit to build a smart Loan Eligibility Calculator that helps users find out how much loan they can get approved for based on their monthly income, existing EMIs, interest rate, and loan tenure.
Example Field IDs:
Use the following formulas for Eligible EMI and Maximum Loan Amount:
Math.floor(([monthly_income] - [monthly_obligations]) * 0.5)
Math.floor(([monthly_income] - [monthly_obligations]) * 0.5 * (1 - Math.pow(1 + ([interest_rate]/100)/12, -([loan_term]*12)))/(([interest_rate]/100)/12))
[Math.floor(([target_amount]*(([goal_rate]/100)/12)/((Math.pow(1+([goal_rate]/100)/12,[goal_years]*12)-1)*(1+([goal_rate]/100)/12))) * [goal_years] * 12)]
You can easily create a Loan EMI Calculator using Cool FormKit in Elementor by adding input fields for loan amount, annual interest rate, and loan tenure. Then use the Calculator Field to automatically calculate the monthly EMI, total interest payable, and total repayment amount in real-time.
No coding is required. Cool FormKit provides a visual interface to create calculators using visual fields and simple formula setup.
The Calculation Field works by referencing other field IDs in a formula. For example, if you want to calculate the total of two items with field IDs item1 and item2, you just set the formula as [item1] + [item2]
Use Cool FormKit’s Range Slider Field to let users select values by sliding instead of typing. It’s easy to set min, max, and step values for inputs like amount or duration.
Yes, you can! These interest calculators are created in Elementor using Cool FormKit.
We offer a 14-day refund policy. If you are not satisfied with the plugin for any reason, you can request a refund within 14 days of your purchase. For full details, visit our Refund Policy Page.
After purchasing the plugin, you will receive a license key. Simply activate this license in your WordPress dashboard to start receiving automatic plugin updates directly within your WP admin area. You will also be eligible for premium support and regular updates as long as your license remains active—just contact our support team when needed.