How to create loan EMI calculator in visual basic 6

Loan EMI calculator in visual basic 6

Are you looking for the source code for writing a program to calculate the loan EMI in visual basic 6.0 then here is the best solution for you. Because of here, I have properly explained how to create a loan EMI calculator in visual basic 6. In visual basic programming, this type of program is very useful, because of these types questions are always asked in many exams therefore this question is very important for beginners. For creating this loan EMI calculator here we are going to use the inbuilt financial function ‘Pmt’. This function calculates the payment for an annuity. There is a number of inbuilt financial functions but now we don’t need that functions.

Nowadays loan EMI calculator is very useful for many things, suppose you get a home loan then there you need a home loan EMI calculator and if you buy a car on EMI then you need to car loan EMI calculator. Many times we get a personal loan for many reasons then there we need a personal loan EMI calculator, this program is also useful for house loan EMI calculator therefore the loan EMI calculator is very important for many places.

Now you can think that why we need to create this loan calculator program in visual basic. When you create EMI calculator in vb 6 then there are many types of options to create this program but here I have given very easy visual basic loan calculator source code so that you can easily create this program and develop your own EMI loan calculator. If you have not any idea of any types knowledge about how to create loan EMI calculator in visual basic 6 then don’t worry just follow the following steps for create VB EMI loan calculator.

Steps for creating loan EMI calculator in vb 6

1. Create a new form.
2. Draw five labels and three textboxes, labels for display information, and textbox for input.
3. Draw two buttons for performing the calculator's operations.
4. Write the code for calculating the EMI button and Reset button.
5. Then run the program.

Source code for EMI calculator program in visual basic 6

Private Sub emicalculate_Click()

Dim term As Integer

Dim loanamount, payment, interestrate As Double

 

loanamount = Val(txtloanamount.Text)

interestrate = (Val(txtinterestrate.Text) / 100) / 12

term = Val(txtterm.Text) * 12

emipayment = Pmt(interestrate, term, -loanamount, 0, 0)

 

emiamt.Caption = Format(emipayment, "#,##0.00")

End Sub

 

Private Sub resetbtn_Click()

txtloanamount.Text = ""

txtinterestrate.Text = ""

txtterm.Text = ""

emiamt.Caption = ""

End Sub

How to work loan EMI calculator in visual basic

Mainly this program is working on the visual basic inbuilt financial function that is ‘Pmt’ by using this function we can calculate the payment. Now here we will see the basic working flow of this program. First, when we entered the values for calculating the EMI then that values are stored in the specific variables, after that, all variables integrate with the ‘EMI payment’ variable with the ‘Pmt’ function.

For calculating your EMI you want to enter the values in the specific textbox and after that when you click on the ‘Calculate EMI’ button then your calculated EMI will be displayed in the label that is placed near the monthly EMI. If you have any difficulties with knowledge about how to create a loan EMI calculator in visual basic 6 then just follow the provided steps and then you will develop this program properly.

Why do we need an EMI calculator?

When we want to need the loan for various purposes for example home loan, car loan, property loan, housing loan, etc. then there we must calculate our monthly EMI, therefore for calculating the EMI we need the EMI loan calculator. Many times we do the future planning for our future goal then there also we can use this loan EMI calculator. Most of the time we found that type of calculator which calculates the amount in $ but if you want to the Indian loan EMI calculator then there you can use this calculator.

There is a number of uses of the loan EMI calculator but, many times we can’t find the proper calculator therefore you want to develop your won loan EMI calculator then you can easily use this visual basic loan EMI calculator source code. So that you can easily customize that calculator as per your needs. This is a simple loan calculator program but you want to need an advance loan EMI calculator in visual basic then you can comment to me.

If you don’t know about the EMI or want to know more information about EMI then you can also refer the Wikipedia there you can get the proper knowledge about the Equated monthly installment. This information will be very helpful for creating the loan EMI calculator in visual basic 6.

Why need to develop a loan EMI calculator program in visual basic 6.0

Many times people are searching for a home loan EMI calculator, car loan EMI calculator, personal loan EMI calculator, sbi home loan EMI calculator, etc. Therefore for solving their problems and providing them proper service we need to develop an EMI calculator program in visual basic 6. This program is also useful for your college projects and many types of exams. If you don’t know how to calculate loan interest or how to write a program that calculates the loan interest then following this program you will get your solution.

Suppose you are developing the financial project and there you need to integrate the EMI calculator then there you can integrate this application. Here you can also upgrade this code after downloading, if you want to make some changes or develop an advanced EMI loan calculator then you can comment on me or contact me by filling the contact form. If you want to help with creating the visual basic project then see more information about the project topics for visual basic.

By using this program's source code you can design and develop the home loan EMI calculator in vb6 or house loan EMI calculator. Especially this program is useful for beginners who are looking for easy visual basic programs examples. Most colleges students are trying to find these types of easy solutions for visual basic programs but they can’t find a proper solution but now don’t worries join us and get an easy solution and help for your programs.

I hope you get the proper idea for how to create a loan EMI calculator in visual basic 6. If you have any queries regarding this program then comment me comment section if you want more visual basic programs examples then join us or you can also request us for programs pdf.

Conclusion:

In this program, I have explained how to create a loan EMI calculator in visual basic 6. By using this program you can develop an advance loan EMI calculator. Here I have also gotten the visual basic loan EMI calculator source code without any types of charges.