{"id":1133,"date":"2017-12-08T04:52:27","date_gmt":"2017-12-08T04:52:27","guid":{"rendered":"http:\/\/demo.oceanthemes.net\/borrow\/?page_id=1133"},"modified":"2023-01-24T11:22:35","modified_gmt":"2023-01-24T11:22:35","slug":"loan-eligibility-calculator","status":"publish","type":"page","link":"https:\/\/sowcarloan.com\/index.php\/loan-eligibility-calculator\/","title":{"rendered":"Loan Eligibility Calculator"},"content":{"rendered":"<section class=\"wpb-content-wrapper\"><p>[vc_row][vc_column box=&#8221;true&#8221; bgcolor=&#8221;#ffffff&#8221;]  \n  <div class=\"loan-eligibility-block\">\n    <div class=\"row\">\n        <div class=\"col-lg-6\">\n            <h2 class=\"mb20\">Check Your eligibility for loans.<\/h2>\n            <form name=\"formval2\" class=\"form-horizontal loan-eligibility-form\">\n                <div class=\"form-group\">\n                    <div class=\"col-sm-12\">\n                        <label for=\"input\" class=\"control-label\">Home Loan Required:<\/label>\n                        <div class=\"input-group\">\n                            <span class=\"input-group-addon\">\u20b9<\/span>\n                            <input type=\"number\" class=\"form-control input-sm\" id=\"input\" name=\"pr_amt2\" placeholder=\"Enter Loan Amount\">\n                        <\/div>\n                    <\/div>\n                <\/div>\n                <div class=\"form-group\">\n                    <div class=\"col-sm-12\">\n                        <label for=\"input\" class=\"control-label\">Net income per month<\/label>\n                        <div class=\"input-group\">\n                            <span class=\"input-group-addon\">\u20b9<\/span>\n                            <input type=\"number\" class=\"form-control\" id=\"input\" name=\"NetIncome\" placeholder=\"Excluding LTA and Medical allowances\">\n                        <\/div>\n                    <\/div>\n                <\/div>\n                <div class=\"form-group\">\n                    <div class=\"col-sm-12\">\n                        <label for=\"input\" class=\"control-label\">Existing loan commitments<\/label>\n                        <div class=\"input-group\">\n                            <span class=\"input-group-addon\">\u20b9<\/span>\n                            <input type=\"number\" class=\"form-control\" id=\"input\" Name=\"ExLoan\" placeholder=\"(per month)\">\n                        <\/div>\n                    <\/div>\n                <\/div>\n                <div class=\"form-group\">\n                    <div class=\"col-sm-12\">\n                        <label for=\"input\" class=\"control-label\">Loan Tenure<\/label>\n                        <input type=\"number\" class=\"form-control\" id=\"input\" name=\"period2\" placeholder=\"(in years)\">\n                    <\/div>\n                <\/div>\n                <div class=\"form-group\">\n                    <div class=\"col-sm-12\">\n                        <label for=\"input\" class=\"control-label\">Rate of Interest<\/label>\n                        <div class=\"input-group\">\n                            <span class=\"input-group-addon\">%<\/span>\n                            <input type=\"number\" class=\"form-control\" id=\"input\" value=\"9.5\" name=\"int_rate2\">\n                        <\/div>\n                    <\/div>\n                <\/div>\n                <div class=\"form-group\">\n                    <div class=\"col-sm-12\">\n                        <button type=\"button\" class=\"btn btn-default\" onclick=\"eligiable()\">Check Eligibility<\/button>\n                        <button type=\"reset\" class=\"btn btn-primary\">Reset All<\/button>\n                    <\/div>\n                <\/div>\n            <\/form>\n        <\/div>\n        <div class=\"col-lg-6\">\n            <h2 class=\"mb40\">How much loan you are eligible for?<\/h2>\n            <div class=\"loan-eligibility-info\">\n                <form name=\"formval3\" class=\"\">\n                    <div class=\"form-group\">\n                        <output class=\"col-lg-12 col-sm-12 col-md-12 col-xs-12 eligibility-text\" name=\"field13\">\n                        <\/output>\n                        <output class=\"col-lg-12 col-sm-12 col-md-12 col-xs-12 eligibility-amount\" name=\"field11\"><\/output>\n                    <\/div>\n                    <div class=\"form-group\">\n                        <output class=\"col-lg-12 col-sm-12 col-md-12 col-xs-12 eligibility-text\" name=\"field12\"><\/output>\n                    <\/div>\n                <\/form>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div>\n    \n<script type=\"text\/javascript\">\n  function eligiable() {    \n    var P1 = document.formval2.pr_amt2.value; \/\/ pick the form input value..\n    var rate1 = document.formval2.int_rate2.value; \/\/ pick the form input value..\n    var n1 = document.formval2.period2.value; \/\/ pick the form input value..\n    var r1 = rate1 \/ (12 * 100); \/\/ to calculate rate percentage..\n    var prate1 = (P1 * r1 * Math.pow((1 + r1), n1 * 12)) \/ (Math.pow((1 + r1), n1 * 12) - 1); \/\/ to calculate compound interest..\n    var emi1 = Math.ceil(prate1 * 100) \/ 100; \/\/ to parse emi amount..    \n\n    var existing = document.formval2.ExLoan.value;\n    var existingLoan = (existing - (existing * 60 \/ 100));\n    var income1 = document.formval2.NetIncome.value;\n    if (income1 <= 14999) {\n      var incomere = ((income1) * 40 \/ 100) - existingLoan;\n    } else if (income1 <= 29999) {\n      var incomere = ((income1) * 45 \/ 100) - existingLoan;\n    } else if (income1 >= 30000) {\n      var incomere = ((income1) * 50 \/ 100) - existingLoan;\n    }\n    var incomereq = Math.floor(incomere \/ emi1 * P1);\n    var prate2 = (incomereq * r1 * Math.pow((1 + r1), n1 * 12)) \/ (Math.pow((1 + r1), n1 * 12) - 1); \/\/ to calculate compound interest2..\n    var emi2 = Math.ceil((prate2) * 100) \/ 100; \/\/ to parse emi2 amount..   \/\/Check again Reminder    \n\n    \/\/ to assign value in field1 as fixed upto two decimal..\n    if (incomereq > P1) {\n      document.formval3.field13.value = (\"You are Eligible for this loan\");\n      document.formval3.field11.value = (\"\u20b9\" + P1 + \" at EMI \" + \"\u20b9\" + emi1.toFixed(0).replace(\".\", \".\").replace(\/(\\d)(?=(\\d\\d\\d)+(?!\\d))\/g, \"$1,\"));\n      document.formval3.field12.value = (\"You are Eligible for a maximum loan of \" + (\"\u20b9\" + incomereq.toFixed(0).replace(\".\", \".\").replace(\/(\\d)(?=(\\d\\d\\d)+(?!\\d))\/g, \"$1,\")) + \" at EMI \" + (\"\u20b9\" + emi2.toFixed(0).replace(\".\", \".\").replace(\/(\\d)(?=(\\d\\d\\d)+(?!\\d))\/g, \"$1,\")));                \n    } else {\n      document.formval3.field13.value = (\"You are not Eligible for this loan\");\n      document.formval3.field11.value = (\"\");\n      document.formval3.field12.value = (\"You are Eligible for a maximum loan of \" + (\"\u20b9\" + incomereq.toFixed(0).replace(\".\", \".\").replace(\/(\\d)(?=(\\d\\d\\d)+(?!\\d))\/g, \"$1,\")) + \" at EMI \" + (\"\u20b9\" + emi2.toFixed(0).replace(\".\", \".\").replace(\/(\\d)(?=(\\d\\d\\d)+(?!\\d))\/g, \"$1,\")));\n    }\n  }\n<\/script>\n\n[vc_column_text css=&#8221;.vc_custom_1513744416124{margin-top: 40px !important;}&#8221;]<\/p>\n<h4><span id=\"result_box\" class=\"\" lang=\"en\"><span class=\"\">Note: Easily change the currency unit default is U.S. dollar by your currency and change the English text by text in your language in the edit page.<\/span><\/span><\/h4>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column box=&#8221;true&#8221; bgcolor=&#8221;#ffffff&#8221;][vc_column_text css=&#8221;.vc_custom_1513744416124{margin-top: 40px !important;}&#8221;] Note: Easily change the currency unit default is U.S. dollar by your currency and change the English text by text in your language in the edit page. [\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/template-fullwidth.php","meta":[],"_links":{"self":[{"href":"https:\/\/sowcarloan.com\/index.php\/wp-json\/wp\/v2\/pages\/1133"}],"collection":[{"href":"https:\/\/sowcarloan.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sowcarloan.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sowcarloan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sowcarloan.com\/index.php\/wp-json\/wp\/v2\/comments?post=1133"}],"version-history":[{"count":1,"href":"https:\/\/sowcarloan.com\/index.php\/wp-json\/wp\/v2\/pages\/1133\/revisions"}],"predecessor-version":[{"id":1760,"href":"https:\/\/sowcarloan.com\/index.php\/wp-json\/wp\/v2\/pages\/1133\/revisions\/1760"}],"wp:attachment":[{"href":"https:\/\/sowcarloan.com\/index.php\/wp-json\/wp\/v2\/media?parent=1133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}