A loan calculator is a tool that helps you estimate the monthly payments, total interest paid, and amortization schedule for various types of loans, such as mortgages, car loans, personal loans, and student loans.
1- Input Parameters:
- Loan Amount
- Interest Rate
- Loan Term (in months)
2- Output:
- Monthly Payment Amount
- Total Interest Paid
Amortization Schedule (a table showing how each payment is divided between principal and interest over the loan term)
Benefits:
Helps you understand the cost of borrowing:
Provides a clear picture of your monthly payments and the total cost of the loan.
Compare loan options:
Allows you to compare different loan offers from different lenders.
Make informed financial decisions:
Helps you make informed decisions about borrowing money based on your budget and financial goals.
Recurrence by repayments, payments of principal, interest, and the balance can be calculated.
Available in two languages: English & Khmer.
Data safety
Safety starts with understanding how developers
collect and share your data. Data privacy and security practices may vary based
on your use, region, and age. The developer provided this information and may
update it over time.
