We designed our loan calculator based on commonly used formulas for calculating loans, used in the vast majority of banks in the world. We hope it is convenient, easy and friendly to use. With its help, anyone can calculate the installments of any loan: cash, consumer, mortgage, car or consolidation.
The calculator performs calculations both for loans with a fixed and decreasing monthly installment; clearly showing the difference in possible monthly payments depending on the selected type of installments; and specifying the total amount of the overpayment. The result of the calculation is the loan repayment schedule, from which you will find out what the installments will be, how your debt will decrease over time and whether it is worth overpaying the loan ahead of schedule.
If you want to calculate the loan accurately, the calculator will help you review all possible variants, showing changes in terms depending on one or another factor.