Software Requirements Specification (SRS) for Car Loan EMI Calculator
Introduction
Purpose:
The purpose of this document is to outline the requirements for the development of a Car Loan EMI Calculator application. This application estimates monthly EMIs for car loans, considering the principal and interest components, to assist users in planning their car loan repayments.
Scope:
The Car Loan EMI Calculator will provide users with a tool to estimate their monthly car loan repayments, facilitating informed decision-making about car loan affordability. Users will input details such as loan amount, interest rate, tenure, and any additional parameters, and the system will calculate and display the monthly EMIs.
System Overview
System Description:
The Car Loan EMI Calculator will be a web-based application accessible through a browser. It aims to provide users with a user-friendly interface to input car loan details and receive accurate EMI calculations.
System Architecture:
The application will follow a client-server architecture, with the client being the web browser and the server handling the EMI calculation logic.
Functional Requirements
Use Cases:
Estimate Car Loan EMI:
- Users can input details such as car loan amount, interest rate, loan tenure, and any additional parameters (e.g., prepayments).
- The system will calculate and display the monthly EMI, including principal and interest components.
Functional Requirements:
Input:
The system shall accept the following input:
- Car Loan Amount (in INR)
- Interest Rate (in percentage)
- Loan Tenure (in months or years)
- Additional Parameters (e.g., prepayments, if any)
Calculation:
- The system shall use the standard EMI formula to calculate the monthly EMI, including principal and interest components.
Output:
- The system shall display the calculated monthly EMI, principal component, and interest component to the user.
Non-Functional Requirements:
- The system should provide a response time of under 2 seconds.
- The application should be accessible on common web browsers (Chrome, Firefox, Safari).
External Interface Requirements
User Interfaces:
- The user interface shall include input fields for car loan amount, interest rate, loan tenure, and additional parameters, along with a “Calculate” button.
- The calculated monthly EMI, principal component, and interest component shall be displayed prominently.
Hardware Interfaces:
- The system should be compatible with standard computing hardware.
Software Interfaces:
- The application shall be developed using HTML, CSS, and JavaScript.
- The server-side logic can be implemented using a backend framework (e.g., Node.js, Django).
Communication Interfaces:
- The application will communicate with the server for the EMI calculation and display of results.
Performance Requirements
Response Time:
The system should respond within 2 seconds for a typical user input.
Throughput:
The application should handle at least 100 simultaneous users.
System Constraints
Regulatory Requirements:
The application should comply with relevant financial regulations.
Hardware Limitations:
The system should be compatible with devices with standard web-browsing capabilities.
Security Requirements
Authentication:
The application may not require user authentication as it’s a public tool.
Data Protection:
The system should not store or retain any user input data after the calculation.
Quality Attributes
Reliability:
The application should produce accurate results based on the provided input.
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 car loan scenarios and additional parameters to ensure accurate EMI calculations.
Test Case 1:
- Inputs: Car Loan Amount = 8,00,000 INR, Interest Rate = 8%, Loan Tenure = 5 years.
- Expected Output: Monthly EMI ≈ 16,344 INR, Principal Component ≈ 8,00,000 INR, Interest Component ≈ 2,94,640 INR
Test Case 2:
- Inputs: Car Loan Amount = 10,00,000 INR, Interest Rate = 7.5%, Loan Tenure = 4 years.
- Expected Output: Monthly EMI ≈ 24,308 INR, Principal Component ≈ 10,00,000 INR, Interest Component ≈ 1,00,000 INR
Test Case 3:
- Inputs: Car Loan Amount = 6,00,000 INR, Interest Rate = 9%, Loan Tenure = 6 years.
- Expected Output: Monthly EMI ≈ 11,616 INR, Principal Component ≈ 6,00,000 INR, Interest Component ≈ 2,10,560 INR.
Acceptance Criteria:
The application is considered successful if it produces correct monthly EMI amounts, principal components, and interest components based on the standard EMI calculation formula.
Project Timeline
Milestones:
Design, Development, Testing, Deployment.
Development Phases:
Frontend development, Backend development, Testing, Deployment.
Glossary
EMI: Equated Monthly Installment
Database Structure
Tables:
Car_Loan_EMI_Records:
- RecordID (Primary Key, Auto-increment)
- CarLoanAmount (Decimal)
- InterestRate (Decimal)
- LoanTenure (Integer)
- AdditionalParameters (Text)
- MonthlyEMI (Decimal)
- PrincipalComponent (Decimal)
- InterestComponent (Decimal)
- CalculationDate (DateTime)
Conclusion
This extended SRS document provides a more detailed overview of the Car Loan EMI Calculator application, including the database structure and additional test cases. It should be reviewed and approved by relevant stakeholders before proceeding with the development phase.
106 comments
Hi there, just became aware of your blog through Google,
and found that it is really informative. I am going to watch out for brussels.
I will be grateful if you continue this in future. Lots of people will be benefited
from your writing. Cheers! Lista escape roomów
Very interesting subject, thank you for posting.?
I blog frequently and I seriously thank you for your content. This great article has truly peaked my interest. I’m going to bookmark your site and keep checking for new details about once per week. I subscribed to your RSS feed too.
Oh my goodness! Awesome article dude! Many thanks, However I am encountering issues with your RSS. I don’t understand the reason why I am unable to join it. Is there anybody else getting similar RSS issues? Anybody who knows the solution can you kindly respond? Thanks.
This is a topic that’s near to my heart… Many thanks! Exactly where are your contact details though?
Bu casino’daki geniş bahis seçenekleri sayesinde her seviyede oyuncu kazanma şansı yakalıyor.
This is a great tip particularly to those fresh to the blogosphere. Simple but very precise info… Many thanks for sharing this one. A must read article.
Hi there! I could have sworn I’ve been to your blog before but after looking at many of the articles I realized it’s new to me. Regardless, I’m definitely delighted I stumbled upon it and I’ll be bookmarking it and checking back frequently.
Deneme bonusu, bahis dünyasında yeni olanlar için harika bir başlangıç!
Deneme bonusu ile bahis yapmak, risk almadan kazanç elde etmenin en iyi yolu!
Deneme bonusu ile oyunlara sıfır yatırımla başlamak çok kazançlı ve keyifli!
Bu casino’daki slot oyunları ile büyük kazançlar elde edebilirsiniz, şansınızı denemelisiniz!
Canlı bahislerle futbol maçlarını izlerken her zaman ekstra kazanç fırsatları yakalıyorum!
I was able to find good info from your blog posts.
Yeni oyunları denemek her zaman heyecan verici.
Casino’daki slot oyunlarının grafikleri ve ses efektleri harika, oyunlar çok keyifli!
Hello there! Do you know if they make any plugins to
help with Search Engine Optimization? I’m trying to get my
blog to rank for some targeted keywords but I’m not seeing very good success.
If you know of any please share. Thank you! You can read similar blog here: Eco blankets
Bu casino’daki jackpot slot oyunları sayesinde büyük ödüller kazanmak mümkün.
There’s definately a lot to know about this issue. I love all the points you have made.
Deneme bonusu ile bahis yaparken para kaybetme riski yok, harika bir fırsat!
Kazandığım parayı aynı gün hesabıma aldım, hızlı hizmet.
Bahis sitelerinde deneme bonusu ile crash oyunlarına sıfır yatırımla başlamak çok keyifli!
Düşük bahislerle oynadığım futbol maçlarında bile harika kazançlar elde ediyorum!
Bu casino’da slot oynarken küçük bahislerle büyük kazançlar elde edebiliyorum!
Slot oyunlarında kazanmak için bu casino mükemmel bir platform, herkese tavsiye ederim.
En sevdiğim slot oyunu Sweet Bonanza, grafikler harika ve kazançlar büyük!
There’s certainly a great deal to find out about this subject. I really like all of the points you have made.
Spot on with this write-up, I actually feel this site needs much more attention. I’ll probably be back again to read more, thanks for the advice!
Bu bahis sitesinin sunduğu deneme bonusu ile bedava Aviator oynayarak büyük ödüller kazandım!
Casino’daki slot oyunlarının grafikleri mükemmel bir oyun deneyimi sunuyor!
After checking out a few of the blog articles on your web page, I honestly appreciate your technique of blogging. I book-marked it to my bookmark webpage list and will be checking back soon. Please check out my web site as well and let me know what you think.
I need to to thank you for this wonderful read!! I definitely loved every little bit of it. I’ve got you saved as a favorite to look at new stuff you post…
This blog was… how do you say it? Relevant!! Finally I’ve found something which helped me. Many thanks.
bookmarked!!, I like your blog.
Good post. I learn something totally new and challenging on blogs I stumbleupon every day. It will always be helpful to read through content from other writers and use a little something from their websites.
Excellent site you’ve got here.. It’s difficult to find good quality writing like yours these days. I seriously appreciate individuals like you! Take care!!
I really love your site.. Pleasant colors & theme. Did you develop this amazing site yourself? Please reply back as I’m attempting to create my own blog and would like to learn where you got this from or just what the theme is named. Kudos.
May I simply just say what a relief to find somebody that truly knows what they’re discussing on the web. You certainly know how to bring a problem to light and make it important. A lot more people should read this and understand this side of the story. I was surprised that you’re not more popular given that you surely have the gift.
Greetings! Very useful advice within this post! It’s the little changes that make the largest changes. Many thanks for sharing!
Casino’nun sunduğu promosyonlar bahis yaparken ekstra kazanç fırsatları sunuyor.
I used to be able to find good info from your content.
Deneme bonusu ile bahis yaparken hiç risk almadan büyük kazançlar sağlıyorum!
Can I simply say what a comfort to uncover someone that really understands what they are discussing on the web. You actually realize how to bring a problem to light and make it important. More people must read this and understand this side of your story. I was surprised that you are not more popular given that you certainly possess the gift.
I was able to find good advice from your articles.
I needed to thank you for this wonderful read!! I absolutely loved every little bit of it. I have you book marked to check out new stuff you post…
It’s nearly impossible to find knowledgeable people on this subject, but you sound like you know what you’re talking about! Thanks
I’d like to thank you for the efforts you have put in penning this blog. I am hoping to see the same high-grade content by you in the future as well. In truth, your creative writing abilities has encouraged me to get my very own website now 😉
Very nice article. I absolutely love this site. Stick with it!
Greetings! Very useful advice within this article! It’s the little changes that make the greatest changes. Thanks a lot for sharing!
Having read this I believed it was extremely enlightening. I appreciate you finding the time and energy to put this informative article together. I once again find myself spending a lot of time both reading and leaving comments. But so what, it was still worthwhile!
When I initially left a comment I appear to have clicked on the -Notify me when new comments are added- checkbox and from now on each time a comment is added I recieve four emails with the same comment. There has to be a means you are able to remove me from that service? Kudos.
Hi, I do believe this is an excellent web site. I stumbledupon it 😉 I’m going to come back yet again since i have saved as a favorite it. Money and freedom is the greatest way to change, may you be rich and continue to guide other people.
Very good write-up. I absolutely love this website. Keep writing!
Hello there! I just wish to give you a huge thumbs up for your great information you have got here on this post. I will be coming back to your web site for more soon.
After I initially commented I seem to have clicked the -Notify me when new comments are added- checkbox and now every time a comment is added I get four emails with the same comment. There has to be a way you are able to remove me from that service? Thanks.
You’re so awesome! I do not think I’ve read something like that before. So wonderful to discover somebody with some genuine thoughts on this subject. Seriously.. thank you for starting this up. This web site is something that is required on the internet, someone with some originality.
Slot oyunları çok eğlenceli ve kazançlı, kesinlikle tavsiye ederim.
Way cool! Some extremely valid points! I appreciate you writing this write-up and also the rest of the site is also very good.
This website was… how do I say it? Relevant!! Finally I have found something which helped me. Appreciate it!
An outstanding share! I have just forwarded this onto a co-worker who has been doing a little homework on this. And he actually ordered me lunch simply because I found it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanx for spending time to talk about this topic here on your web page.
Next time I read a blog, Hopefully it does not disappoint me as much as this particular one. I mean, Yes, it was my choice to read through, however I truly thought you would have something helpful to say. All I hear is a bunch of whining about something that you could fix if you were not too busy searching for attention.
Oh my goodness! Amazing article dude! Thank you, However I am encountering difficulties with your RSS. I don’t know why I can’t subscribe to it. Is there anybody having the same RSS issues? Anybody who knows the solution will you kindly respond? Thanx!
Pretty! This was a really wonderful article. Thank you for supplying these details.
Everything is very open with a really clear description of the challenges. It was really informative. Your site is extremely helpful. Many thanks for sharing.
Bahis sitelerinde deneme bonusu ile oyunlara sıfır yatırımla başlamak çok kazançlı!
Hi there! I could have sworn I’ve visited this website before but after going through a few of the articles I realized it’s new to me. Nonetheless, I’m definitely happy I came across it and I’ll be book-marking it and checking back often.
Way cool! Some extremely valid points! I appreciate you penning this post plus the rest of the website is really good.
I’m excited to uncover this page. I wanted to thank you for ones time for this wonderful read!! I definitely liked every bit of it and I have you saved as a favorite to see new things on your website.
Bu sitenin sunduğu deneme bonusu ile hemen kazanç sağladım, herkes denemeli!
There is definately a lot to find out about this issue. I love all of the points you have made.
Spot on with this write-up, I honestly feel this website needs a great deal more attention. I’ll probably be returning to read through more, thanks for the information.
I blog frequently and I really thank you for your content. Your article has really peaked my interest. I will take a note of your site and keep checking for new details about once per week. I opted in for your Feed as well.
Great post. I will be going through a few of these issues as well..
It’s nearly impossible to find knowledgeable people for this topic, however, you seem like you know what you’re talking about! Thanks
Good post. I learn something totally new and challenging on blogs I stumbleupon every day. It will always be interesting to read through content from other authors and use a little something from other sites.
You should take part in a contest for one of the best blogs on the web. I am going to recommend this website!
Rulet masalarında çok heyecanlandım, büyük kazançlar mümkün!
I truly love your website.. Pleasant colors & theme. Did you develop this website yourself? Please reply back as I’m wanting to create my own personal blog and would love to find out where you got this from or exactly what the theme is named. Appreciate it.
Hello there! This article could not be written any better! Looking through this article reminds me of my previous roommate! He constantly kept talking about this. I most certainly will send this information to him. Fairly certain he’s going to have a very good read. I appreciate you for sharing!
This is a great tip particularly to those fresh to the blogosphere. Short but very precise information… Thanks for sharing this one. A must read post!
Oh my goodness! Incredible article dude! Thanks, However I am experiencing issues with your RSS. I don’t know why I cannot join it. Is there anyone else having identical RSS problems? Anyone who knows the answer will you kindly respond? Thanks.
Everything is very open with a precise description of the challenges. It was definitely informative. Your site is very useful. Many thanks for sharing.
Deneme bonusu ile bahis yaparak hiç para kaybetmeden büyük ödüller kazandım!
This blog was… how do you say it? Relevant!! Finally I have found something that helped me. Thank you.
I really like reading through a post that will make men and women think. Also, many thanks for allowing for me to comment.
I enjoy reading through a post that can make men and women think. Also, many thanks for allowing for me to comment.
You made some decent points there. I looked on the internet for more information about the issue and found most people will go along with your views on this site.
I want to to thank you for this excellent read!! I certainly loved every bit of it. I have you book marked to check out new stuff you post…
An intriguing discussion is definitely worth comment. I do think that you need to publish more on this subject, it might not be a taboo subject but generally folks don’t discuss these subjects. To the next! Kind regards!
I’m impressed, I have to admit. Seldom do I encounter a blog that’s equally educative and engaging, and let me tell you, you’ve hit the nail on the head. The problem is an issue that not enough men and women are speaking intelligently about. I am very happy I came across this during my search for something relating to this.
I seriously love your site.. Excellent colors & theme. Did you make this site yourself? Please reply back as I’m wanting to create my own personal site and would love to find out where you got this from or just what the theme is named. Thank you.
Having read this I thought it was extremely enlightening. I appreciate you finding the time and effort to put this content together. I once again find myself spending a lot of time both reading and leaving comments. But so what, it was still worthwhile.
Casino’nun sunduğu bonuslar sayesinde slot oyunlarında şansımı artırıyorum.
This site was… how do you say it? Relevant!! Finally I have found something that helped me. Appreciate it.
Way cool! Some extremely valid points! I appreciate you penning this write-up plus the rest of the site is also really good.
Bu casino sitesindeki slot oyunları gerçekten kazandırıyor, büyük kazançlar elde ettim!
Aw, this was an incredibly nice post. Spending some time and actual effort to generate a top notch article… but what can I say… I procrastinate a lot and never manage to get nearly anything done.
Very good article! We will be linking to this particularly great post on our website. Keep up the great writing.
Casino’daki slot oyunlarının grafikleri harika, oyunlar çok eğlenceli!
Greetings! Very helpful advice within this post! It’s the little changes which will make the greatest changes. Thanks a lot for sharing!
Great article. I will be dealing with many of these issues as well..
You made some really good points there. I looked on the net to learn more about the issue and found most people will go along with your views on this site.
You should take part in a contest for one of the best websites on the internet. I will recommend this web site!
You have made some good points there. I looked on the internet for more information about the issue and found most people will go along with your views on this web site.
Spot on with this write-up, I seriously think this web site needs a lot more attention. I’ll probably be back again to see more, thanks for the advice!
When 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 get 4 emails with the exact same comment. There has to be a way you can remove me from that service? Kudos.