Eonlinetools -The Best Free Online Tools
An Awesome Website Where You Can Find The Best Free Online Tools
We at Eonline Tools create Free Online Tools which are used by millions of people around the world. Here is list of some impportant tools we have such as List Compare, Text Compare, EMI Calculator, World time clock, Internet Speed Test etc.
Eonline tools is an online diff tool that allows you to easily make a text comparison and find the differences between two texts. Just paste the two texts and hit the compare button. The two texts are shown side by side, with differences highlighted. It highlights not the entire line which contains a difference, but only the difference itself. For larger texts, it also has links that allow you to jump from one difference to the next. Eonline tools does not save or share the text you compare. If you have sensitive information to compare, however, it is still recommended to use an offline tool. Eonline tools is provided "as is" with no express or implied warranty for accuracy or accessibility.
- This list comparison tool will perform SET Operations over lists of words, numbers etc with formatted results
- Operations including: Set Intersections (AND), Set Unions (OR) and Set Differences
- Cut and Paste your lists into textbox A & B, then click Compare Lists to work out the differences between the two lists
There are other functionalities that you can perform over the results of the comparison including:
- Case insensitive comparisons
- Remove extraneous spaces from your input and output
- Remove leading zeros from your data
- The output can also be sorted with a number of formatting options including HTML, Case Capitalisations, and numbered lines
- You can move the results between box A & B with the Switch function - this allows the output list to become the input list.
- The layout can be changed also for mobile or limited spaced screens
- There are many use-cases for the tool from Finance, Engineering and Computing to any data reconciliation tasks.
- It was initially built to help with the repetitive tasks of reconciling IDs and codes in my own job
- I hope you find it as useful and remove some of the tediousness of comparing multiple lists without having to rewrite Excel functions to do the task
IFSC Search Tool
What is IFSC Code? brief explanation
IFSC Code refers to Indian Financial System Code. IFSC Code is an eleven-character code assigned by RBI to identify every bank branches uniquely, that are participating in NEFT system in India. This code is used by electronic payment system applications such as RTGS, NEFT, IMPS and CFMS.
The code is of 11 characters. The first part is the first four alphabet characters representing the Bank. Next character is 0(zero), which is reserved for future use. The last six characters are the branch code.
How to find IFSC code?
You can find bank IFSC code, bank details and branch address for all banks in India By using the bank link given below. You can also find the bank details by our IFSC Search tool. One can easily find out IFSC code and branch location by bank name, Branch, State and City using this tool.
Equated Monthly Installment - EMI for short - is the amount payable every month to the bank or any other financial institution until the loan amount is fully paid off.
It consists of the interest on loan as well as part of the principal amount to be repaid. The sum of principal amount and interest is divided by the tenure, i.e., number of months,
in which the loan has to be repaid. This amount has to be paid monthly. The interest component of the EMI would be larger during the initial months and gradually reduce with each payment.
The exact percentage allocated towards payment of the principal depends on the interest rate. Even though your monthly EMI payment won't change, the proportion of principal and interest
components will change with time. With each successive payment, you'll pay more towards the principal and less in interest.
Here's the formula to calculate EMI:
E is EMI
P is Principal Loan Amount
r is rate of interest calculated on monthly basis. (i.e., r = Rate of Annual interest/12/100. If rate of interest is 10.5% per annum, then r = 10.5/12/100=0.00875)
n is loan term / tenure / duration in number of months
For example, if you borrow ₹10,00,000 from the bank at 10.5% annual interest for a period of 10 years (i.e., 120 months), then EMI = ₹10,00,000 * 0.00875 * (1 + 0.00875)120 / ((1 + 0.00875)120 - 1) = ₹13,493. i.e., you will have to pay ₹13,493 for 120 months to repay the entire loan amount. The total amount payable will be ₹13,493 * 120 = ₹16,19,220 that includes ₹6,19,220 as interest toward the loan.
Computing EMI for different combinations of principal loan amount, interest rates and loan term using the above EMI formula by hand is time consuming, complex and error prone. Our EMI calculator automates this calculation for you and gives you the result in a split second along with visual charts displaying payment schedule and the break-up of total payment. How to Use EMI Calculator? With colourful charts and instant results, our EMI Calculator is easy to use, intuitive to understand and is quick to perform. You can calculate EMI for home loan, car loan, personal loan, education loan or any other fully amortizing loan using this calculator. Enter the following information in the EMI Calculator: Principal loan amount you wish to avail (rupees) Loan term (months or years) Rate of interest (percentage) EMI in advance OR EMI in arrears (for car loan only) Use the slider to adjust the values in the EMI calculator form. If you need to enter more precise values, you can type the values directly in the relevant boxes provided above. As soon as the values are changed using the slider (or hit the 'tab' key after entering the values directly in the input fields), EMI calculator will re-calculate your monthly payment (EMI) amount. A pie chart depicting the break-up of total payment (i.e., total principal vs. total interest payable) is also displayed. It displays the percentage of total interest versus principal amount in the sum total of all payments made against the loan. The payment schedule table showing payments made every month / year for the entire loan duration is displayed along with a chart showing interest and principal components paid each year. A portion of each payment is for the interest while the remaining amount is applied towards the principal balance. During initial loan period, a large portion of each payment is devoted to interest. With passage of time, larger portions pay down the principal. The payment schedule also shows the intermediate outstanding balance for each year which will be carried over to the next year. Floating Rate EMI Calculation We suggest that you calculate floating / variable rate EMI by taking into consideration two opposite scenarios, i.e., optimistic (deflationary) and pessimistic (inflationary) scenario. Loan amount and loan tenure, two components required to calculate the EMI are under your control; i.e., you are going to decide how much loan you have to borrow and how long your loan tenure should be. But interest rate is decided by the banks & HFCs based on rates and policies set by RBI. As a borrower, you should consider the two extreme possibilities of increase and decrease in the rate of interest and calculate how much would be your EMI under these two conditions. Such calculation will help you decide how much EMI is affordable, how long your loan tenure should be and how much you should borrow. Optimistic (deflationary) scenario: Assume that the rate of interest comes down by 1% - 3% from the present rate. Consider this situation and calculate your EMI. In this situation, your EMI will come down or you may opt to shorten the loan tenure. Ex: If you avail home loan to purchase a house as an investment, then optimistic scenario enables you to compare this with other investment opportunities. Pessimistic (inflationary) scenario: In the same way, assume that the rate of interest is hiked by 1% - 3%. Is it possible for you to continue to pay the EMI without much struggle? Even a 2% increase in rate of interest can result in significant rise in your monthly payment for the entire loan tenure. Such calculation helps you to plan for such future possibilities. When you take a loan, you are making a financial commitment for next few months, years or decades. So consider the best as well as worst cases...and be ready for both. In short, hope for the best but be prepared for the worst!