This app allows you to calculate your monthly loan payments in a quick and easy way given the loan amount, annual interest and loan term in years. You can see also the amortization table, which is an interesting function to have in count for knowing your loan fees for next years.
The application is been created to provide you an amortization table of your loan automatically, with the amortization amount and the interests on the debt per month. The result is presented in tabular. You can also do simulations with different amounts for estimate what amount you should ask as loan.
This loan calculator app would help you decided in three simple steps: firstly, you have to introduce the loan amount. Secondly, introduce the annual interest rate charged by the bank. You can check different figures and percentages. And last but not least, you have to introduce the years and months in which you will return the credit. Done that, it would be easy to have an idea of the commitment that you will be able to have in the next years.
You can use the loan calculator to answer usual questions such as: what will be your loan payments given the property cost, interest rate and term of amortization. The value that you will obtain as a result can change if you change any of the principal parameters. Also is interesting to change the years for knowing how long you will take to pay off your loan depending on the money that you will pay monthly.
This calculator should be used just for general calculations purposes and not for making any financial decisions because there are other costs in addition to the loan payments that you have to have in count. Besides we recommend you to pay attention to the rules and regulations about loans of your Country.