Know if you are getting a good deal before accepting your loan terms and conditions. When applying for a personal loan, car loan or business loan can, you will have questions like what is your monthly payment, how much of your first month payment goes to interest and how much goes to principal to enable you budget accordingly.
Furthermore the total interest paid and the total loan repayment amount at the end of your loan. This helps you make a more informed decision.
Loan Calculator helps you determine your monthly payment, your total amount of interest paid, your total loan repayment amount at end of loan term, first month principal paid and first month interest paid.