Loan repayment calculator form
Free form template to collect and calculate loan repayment details. Enter loan amount, period, and interest rate. See your payments instantly. Simple and direct for quick use.
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8 fields
Some use cases
- Banks: A bank or credit union can offer a loan repayment calculator to help potential customers, and gather leads.
- E-Commerce: E-commerce websites that offer financing options for high-value products (e.g., furniture, electronics, appliances) can use the form to show customers what their monthly payments.
- Loan Provider: A student loan provider or educational institution offering financing can use a loan repayment calculator to help students.
Calculations
This form uses several math calculations to display the loan payments based on given input. Firstly, the form calculates the Compound Interest Factor using the interest and compounding factor. Next, the form calculates the Amortization Factor. Lastly, we calculate the payments to be made per period, round them off, and format them in USD. The form requests the following inputs from the user: loan amount, loan period, interest rate, and compounding period.
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- Secure
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- WCAG2-compliant
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- Customizable