Loan Calculator

The Loan Calculator is a simple tool that calculates your monthly and yearly loan payments, as well as the total repayment amount.
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The Loan Calculator is a simple tool that calculates your monthly and yearly loan payments, as well as the total repayment amount. By entering the loan amount, duration, interest rate, and APRC, you can quickly see your payment schedule and overall costs, helping you understand your financial commitments. Calculations are based on standard formulas and may have inaccuracies; consult a financial advisor for precise details.

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found a little mistake perhaps
Hi, great template, but I beleive, that monthly payment should by calculated solely on interest vs loan amount and not by using APRC. Processing fee is usually already paid at the very beginning of the process. Your calculation suppose, it is part of monthly payment and incluses it into loan itself.
S

Sáva Kubias · 10 nov. 2024

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