22

Software Requirements Specification (SRS) for Business Loan EMI Calculator

Introduction

Purpose:

The purpose of this document is to define the requirements for the development of a Business Loan EMI Calculator. This web-based application aims to assist users in estimating monthly EMIs for business loans, considering both principal and interest components.

Scope:

The Business Loan EMI Calculator will provide users with an interface to input loan details and calculate monthly EMIs. The application will support various business loan types, providing flexibility for different repayment scenarios.

System Overview

System Description:

The system will be a client-server application. Users will access the Business Loan EMI Calculator through a web browser. The server will handle the logic for EMI calculations.

System Architecture:

The application will follow a three-tier architecture: presentation layer (client-side browser), application layer (server-side processing), and data layer (storage and retrieval of data).

Functional Requirements

Use Cases:

Estimate Business Loan EMIs:

  • Users can input loan details, including loan amount, interest rate, and loan term.
  • The system will calculate and display the monthly EMI, considering both principal and interest components.
  • Users can visualize the impact of changes in interest rates or loan terms on EMI.

 Functional Requirements:

Input:

The system shall allow users to enter the following loan details:

  • Loan Amount (in INR)
  • Interest Rate (in percentage)
  • Loan Term (in months or years)

Calculation:

  • The system shall calculate the monthly EMI based on the provided loan details and interest rate.

Output:

  • The system shall display the calculated monthly EMI to the user.

External Interface Requirements

 User Interfaces:

  • The user interface shall consist of input fields for loan amount, interest rate, and loan term, along with a “Calculate” button.
  • The calculated monthly EMI shall be displayed prominently.

Hardware Interfaces:

  • The system should be compatible with standard computing hardware.

Software Interfaces:Conclusion

  • The application will be developed using HTML, CSS, and JavaScript for the frontend.
  • The backend can be implemented using a server-side framework (e.g., Node.js, Django) with a database for data storage.

Communication Interfaces:

  • The application will communicate with the server for EMI calculations.

Performance Requirements

Response Time:

The system should provide a response time of under 3 seconds for a typical user input.

Throughput:

The application should handle at least 50 simultaneous users.

System Constraints

Regulatory Requirements:

The application should comply with relevant financial regulations

 Hardware Limitations:

The system should be compatible with devices supporting standard web browsers.

Security Requirements

Authentication:

User authentication may be implemented to ensure data security.

Data Protection:

User data, if stored, should be securely protected.

Quality Attributes

 Reliability:

The application should provide accurate monthly EMI calculations based on the entered loan details.

Maintainability:

The code should be well-documented for ease of maintenance.

Usability:

The user interface should be intuitive, requiring minimal guidance.

Testing Requirements

 Test Cases:

Test cases should cover various scenarios with different loan amounts, interest rates, and loan terms to ensure accurate monthly EMI calculations.

Test Case 1:

  • Inputs: Loan Amount = 1,00,000 INR, Interest Rate = 10%, Loan Term = 12 months.
  • Expected Output: Monthly EMI ≈ 8,791 INR

Test Case 2:

  • Inputs: Loan Amount = 5,00,000 INR, Interest Rate = 8%, Loan Term = 24 months.
  • Expected Output: Monthly EMI ≈ 23,319 INR

Test Case 3:

  • Inputs: Loan Amount = 2,00,000 INR, Interest Rate = 12%, Loan Term = 18 months.
  • Expected Output: Monthly EMI ≈ 13,821 INR

Acceptance Criteria:

The application is considered successful if it produces correct monthly EMI amounts based on the provided loan details.

Project Timeline

Milestones:

Design, Development, Testing, Deployment.

Development Phases:

Frontend development, Backend development, Testing, Deployment.

Glossary

None

Database Structure

 Tables:

Business_Loan_EMI_Records:

  • RecordID (Primary Key, Auto-increment)
  • LoanAmount (Decimal)
  • InterestRate (Decimal)
  • LoanTerm (Integer)
  • MonthlyEMI (Decimal)
  • CalculationDate (DateTime)

Conclusion

This SRS document outlines the requirements for the Business Loan EMI Calculator. It serves as a guide for the development team and ensures that the application meets the specified criteria. Review and approval by relevant stakeholders are essential before proceeding with the development phase.

166 comments

  1. Hello there, just became aware of your blog through Google, and found that it’s truly informative.
    I’m gonna watch out for brussels. I’ll appreciate if you continue
    this in future. Many people will be benefited from your writing.
    Cheers! Najlepsze escape roomy

  4. Spot on with this write-up, I absolutely think this site needs a great deal more attention. I’ll probably be returning to read more, thanks for the advice!

  6. Hi there! This article couldn’t be written much better! Looking through this article reminds me of my previous roommate! He always kept preaching about this. I am going to send this article to him. Fairly certain he will have a good read. Thanks for sharing!

  8. You’re so cool! I don’t suppose I’ve read something like that before. So great to find someone with some unique thoughts on this issue. Really.. thank you for starting this up. This site is one thing that’s needed on the web, someone with some originality.

  10. Greetings, There’s no doubt that your web site could be having browser compatibility issues. When I take a look at your blog in Safari, it looks fine however, when opening in IE, it has some overlapping issues. I just wanted to provide you with a quick heads up! Besides that, fantastic website.

  19. I’d like to thank you for the efforts you have put in penning this site. I am hoping to view the same high-grade blog posts from you later on as well. In truth, your creative writing abilities has encouraged me to get my very own website now 😉

  21. Can I just say what a relief to discover a person that really knows what they are discussing on the web. You actually realize how to bring an issue to light and make it important. A lot more people must read this and understand this side of your story. I can’t believe you are not more popular since you most certainly have the gift.

  30. It’s nearly impossible to find knowledgeable people on this subject, however, you seem like you know what you’re talking about! Thanks

  42. Aw, this was a really nice post. Finding the time and actual effort to create a good article… but what can I say… I procrastinate a lot and don’t manage to get anything done.

  45. That is a good tip especially to those fresh to the blogosphere. Brief but very accurate information… Many thanks for sharing this one. A must read article!

  56. Excellent web site you have here.. It’s difficult to find excellent writing like yours these days. I really appreciate people like you! Take care!!

  59. I’m impressed, I must say. Rarely do I come across a blog that’s both educative and entertaining, and let me tell you, you have hit the nail on the head. The issue is something that too few men and women are speaking intelligently about. I am very happy that I came across this in my hunt for something relating to this.

  60. I’m amazed, I have to admit. Seldom do I come across a blog that’s equally educative and entertaining, and let me tell you, you’ve hit the nail on the head. The issue is something that not enough folks are speaking intelligently about. Now i’m very happy that I stumbled across this during my hunt for something relating to this.

  61. Hello there! I simply want to offer you a big thumbs up for your great info you have got right here on this post. I’ll be returning to your web site for more soon.

  68. After I originally left a comment I seem to have clicked the -Notify me when new comments are added- checkbox and from now on each time a comment is added I get four emails with the exact same comment. There has to be an easy method you can remove me from that service? Thank you.

  76. Incorporating Sugar Protector into my daily program general
    health. As a person that focuses on healthy eating, I
    appreciate the added protection this supplement provides.
    Because starting to take it, I’ve discovered a significant renovation in my energy levels and a substantial
    decrease in my need for unhealthy snacks such
    a such an extensive impact on my life.

  78. I’m impressed, I must say. Rarely do I come across a blog that’s both equally educative and interesting, and without a doubt, you have hit the nail on the head. The problem is something not enough folks are speaking intelligently about. I am very happy that I found this in my search for something concerning this.

  80. Hello there! Do you know if they make any plugins to help with
    SEO? I’m trying to get my website to rank for some targeted keywords but I’m not seeing very good success.
    If you know of any please share. Thanks! You can read similar text here: Bij nl

  83. Howdy! This article couldn’t be written any better! Looking through this post reminds me of my previous roommate! He always kept preaching about this. I most certainly will forward this article to him. Fairly certain he’s going to have a very good read. I appreciate you for sharing!

  88. Spot on with this write-up, I honestly think this web site needs much more attention. I’ll probably be returning to read through more, thanks for the information!

  89. Howdy! I simply want to give you a big thumbs up for the excellent info you have right here on this post. I’ll be returning to your web site for more soon.

  90. May I simply just say what a relief to discover someone who actually knows what they’re discussing over the internet. You certainly understand how to bring a problem to light and make it important. A lot more people have to look at this and understand this side of the story. I can’t believe you aren’t more popular since you most certainly possess the gift.

  92. Hi, I do believe this is an excellent site. I stumbledupon it 😉 I may revisit yet again since I book-marked it. Money and freedom is the best way to change, may you be rich and continue to guide other people.

  93. You’re so interesting! I do not think I’ve truly read through a single thing like that before. So great to find another person with genuine thoughts on this topic. Seriously.. many thanks for starting this up. This web site is one thing that is needed on the web, someone with a little originality.

  94. Hello there! I just want to offer you a big thumbs up for the great information you have got here on this post. I am coming back to your blog for more soon.

  95. That is a good tip particularly to those new to the blogosphere. Brief but very precise info… Thanks for sharing this one. A must read article.

  97. Howdy! I could have sworn I’ve been to your blog before but after looking at many of the posts I realized it’s new to me. Regardless, I’m definitely happy I found it and I’ll be bookmarking it and checking back regularly!

  98. Way cool! Some extremely valid points! I appreciate you writing this write-up plus the rest of the website is also very good.

  102. The next time I read a blog, I hope that it does not disappoint me just as much as this particular one. I mean, I know it was my choice to read, but I really believed you would probably have something helpful to say. All I hear is a bunch of crying about something you could possibly fix if you weren’t too busy looking for attention.

  104. This is a topic that’s close to my heart… Best wishes! Where can I find the contact details for questions?

  106. I absolutely love your site.. Very nice colors & theme. Did you build this amazing site yourself? Please reply back as I’m looking to create my own site and want to find out where you got this from or just what the theme is named. Thanks.

  107. Good post. I learn something totally new and challenging on sites I stumbleupon every day. It’s always interesting to read through articles from other writers and practice a little something from their websites.

  109. Right here is the perfect web site for anyone who really wants to understand this topic. You realize a whole lot its almost hard to argue with you (not that I really will need to…HaHa). You certainly put a new spin on a subject which has been written about for many years. Great stuff, just great.

  111. I’m impressed, I must say. Seldom do I come across a blog that’s equally educative and interesting, and without a doubt, you have hit the nail on the head. The issue is something not enough people are speaking intelligently about. Now i’m very happy that I came across this during my hunt for something relating to this.

  112. You have made some really good points there. I checked on the net to find out more about the issue and found most individuals will go along with your views on this site.

  113. When I originally commented I seem to have clicked on the -Notify me when new comments are added- checkbox and from now on every time a comment is added I receive 4 emails with the exact same comment. Is there an easy method you can remove me from that service? Thank you.

  115. Good post. I learn something totally new and challenging on websites I stumbleupon on a daily basis. It will always be exciting to read through content from other authors and practice a little something from other websites.

  116. May I just say what a relief to uncover an individual who genuinely knows what they are talking about over the internet. You definitely know how to bring a problem to light and make it important. More and more people ought to read this and understand this side of your story. I was surprised that you’re not more popular because you surely possess the gift.

  117. Spot on with this write-up, I honestly think this web site needs much more attention. I’ll probably be returning to see more, thanks for the info.

  120. After I originally left a comment I appear to have clicked on the -Notify me when new comments are added- checkbox and now every time a comment is added I receive 4 emails with the same comment. There has to be an easy method you are able to remove me from that service? Thanks.

  122. I’m more than happy to uncover this page. I wanted to thank you for your time for this particularly wonderful read!! I definitely really liked every little bit of it and i also have you saved to fav to look at new information on your blog.

  123. Hi there! I could have sworn I’ve visited this blog before but after looking at some of the posts I realized it’s new to me. Regardless, I’m certainly pleased I discovered it and I’ll be book-marking it and checking back often!

  124. Next time I read a blog, Hopefully it does not disappoint me as much as this one. I mean, Yes, it was my choice to read through, however I truly thought you would have something helpful to talk about. All I hear is a bunch of complaining about something that you can fix if you weren’t too busy searching for attention.

  125. Next time I read a blog, I hope that it does not fail me just as much as this one. After all, Yes, it was my choice to read through, however I truly believed you would probably have something helpful to say. All I hear is a bunch of complaining about something that you can fix if you were not too busy searching for attention.

  126. Oh my goodness! Awesome article dude! Many thanks, However I am having troubles with your RSS. I don’t know the reason why I cannot join it. Is there anybody else having similar RSS issues? Anyone that knows the solution can you kindly respond? Thanks!

  127. Aw, this was an incredibly nice post. Spending some time and actual effort to produce a superb article… but what can I say… I hesitate a whole lot and never seem to get nearly anything done.

  131. Good day! I could have sworn I’ve visited your blog before but after going through some of the posts I realized it’s new to me. Anyways, I’m certainly happy I found it and I’ll be bookmarking it and checking back regularly.

  132. An intriguing discussion is worth comment. I think that you ought to write more about this issue, it might not be a taboo subject but generally people do not discuss such issues. To the next! Cheers.

  137. Howdy! This post could not be written much better! Looking through this post reminds me of my previous roommate! He always kept preaching about this. I most certainly will send this article to him. Fairly certain he’s going to have a great read. Many thanks for sharing!

  139. After I initially commented I appear to have clicked the -Notify me when new comments are added- checkbox and now every time a comment is added I recieve 4 emails with the exact same comment. Perhaps there is a way you are able to remove me from that service? Kudos.

  143. You are so cool! I do not suppose I’ve truly read a single thing like that before. So great to find somebody with a few genuine thoughts on this topic. Really.. thank you for starting this up. This site is one thing that’s needed on the internet, someone with some originality.

  147. I must thank you for the efforts you’ve put in penning this website. I am hoping to see the same high-grade blog posts from you in the future as well. In truth, your creative writing abilities has motivated me to get my own blog now 😉

  148. Hi! I could have sworn I’ve visited this website before but after going through many of the posts I realized it’s new to me. Nonetheless, I’m certainly delighted I discovered it and I’ll be book-marking it and checking back often!

  150. Aw, this was an incredibly nice post. Finding the time and actual effort to generate a great article… but what can I say… I procrastinate a whole lot and don’t seem to get nearly anything done.

  151. May I just say what a relief to uncover an individual who genuinely knows what they are discussing on the net. You definitely understand how to bring an issue to light and make it important. More people should check this out and understand this side of your story. It’s surprising you are not more popular because you certainly possess the gift.

  154. Oh my goodness! Incredible article dude! Thank you so much, However I am going through difficulties with your RSS. I don’t understand the reason why I can’t subscribe to it. Is there anyone else having identical RSS problems? Anyone who knows the solution will you kindly respond? Thanks!!

  155. Hello there! This article couldn’t be written any better! Going through this article reminds me of my previous roommate! He always kept preaching about this. I will forward this information to him. Pretty sure he will have a very good read. Many thanks for sharing!

  158. An intriguing discussion is worth comment. I believe that you should publish more about this issue, it might not be a taboo subject but usually people don’t talk about these issues. To the next! Best wishes.

  160. A motivating discussion is definitely worth comment. I think that you need to write more on this subject, it may not be a taboo matter but usually people do not discuss these topics. To the next! Best wishes!

  162. I blog frequently and I genuinely appreciate your information. The article has truly peaked my interest. I’m going to take a note of your website and keep checking for new information about once a week. I subscribed to your Feed too.

  163. I blog often and I really appreciate your content. This article has really peaked my interest. I’m going to book mark your site and keep checking for new information about once per week. I opted in for your RSS feed as well.

  166. I was pretty pleased to discover this page. I wanted to thank you for your time just for this wonderful read!! I definitely savored every bit of it and i also have you saved to fav to check out new things in your web site.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like
46

Software Requirements Specification (SRS) for EMI Calculator

Software Requirements Specification (SRS) for EMI Calculator Introduction Purpose: The purpose of…
6

Software Requirements Specification (SRS) for Loan Tenure Calculator

Software Requirements Specification (SRS) for Loanecur Tenure Calculator Introduction Purpose: The purpose…
38 1

Software Requirements Specification (SRS) for Home Loan EMI Calculator

Software Requirements Specification (SRS) for Home Loan EMI Calculator Introduction Purpose: The…
38

Software Requirements Specification (SRS) for Car Loan EMI Calculator

Software Requirements Specification (SRS) for Car Loan EMI Calculator Introduction Purpose: The…