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How to use Loan Calculator
How to use Loan Calculator
Updated over 7 months ago

To make the widget responsive, you can center it in the middle of the page, or stretch it to full width.

Here is the formula that we use to calculate the interest and loan total payment.

To calculate the payments and total amount for an amortized loan where you pay back a fixed amount periodically, we use the formula for the monthly payment of an installment loan, which can be calculated using the formula:

Where:

  • 𝑀M is the monthly payment.

  • 𝑃P is the loan principal

  • π‘Ÿr is the monthly interest rate

  • 𝑛n is the total number of payments

You can use the following to get or set values in the calculator on a website page:

To get in touch with us, please use the blue chat bubble from the bottom-right of the screen.

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