Welcome to the Loan Calculator! This is a simple and efficient loan calculator designed to help you determine your monthly payments and the total interest paid over the loan period.
This Loan Calculator is a browser-based tool created using HTML, CSS, and JavaScript. The calculator allows you to input the loan amount, interest rate, and loan duration to calculate your monthly payments and total interest paid.
- Loan Amount: Input the total amount of the loan.
- Interest Rate: Specify the annual interest rate for the loan.
- Loan Duration: Choose the duration of the loan in months or years.
- Monthly Payment Calculation: Calculate the monthly payment based on the input values.
- Total Interest Calculation: Determine the total interest paid over the loan period.
- HTML
- CSS
- JavaScript
To use the calculator, simply input the required values and click the "Calculate" button. The calculator will display the monthly payment and the total interest paid.
- Loan Amount: Input the total amount of the loan.
- Interest Rate: Specify the annual interest rate for the loan.
- Loan Type: Choose the type of loan (e.g., Home Loan, Car Loan, Personal Loan).
- Loan Duration: Select the duration of the loan (e.g., 6 Months, 1 Year, 2 Years, 3 Years).
Once the form is filled out and the "Calculate" button is clicked, the results will be displayed, including the loan type, monthly payment, loan duration, and interest payment.
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