# Loan Calculators & Financial Tools

## Available Tools
1. **True Cost Calculator** (`/calculators`): Evaluates total interest, processing fees, GST, tax relief, and opportunity costs.
2. **Home Loan EMI Calculator** (`/calculators/home-loan-emi-calculator`): Monthly EMI and complete amortisation schedule.
3. **Personal Loan EMI Calculator** (`/calculators/personal-loan-emi-calculator`): Total outgo and effective APR for unsecured credit.
4. **Education Loan EMI Calculator** (`/calculators/education-loan-emi-calculator`): Includes moratorium interest accumulation.
5. **Vehicle Loan EMI Calculator** (`/calculators/vehicle-loan-emi-calculator`): On-road cost financing breakdowns.
6. **Refinancing Calculator** (`/calculators/refinancing`): Exact break-even month and lifetime net savings calculation.

## Mathematical Formula
- **EMI**: `EMI = P × r × (1+r)^n / ((1+r)^n - 1)`
  - `P` = Principal loan amount
  - `r` = Monthly interest rate (Annual rate / 12 / 100)
  - `n` = Tenure in months