Loan Calculation
Loan Results
Payment Distribution
Amortization Schedule (First 12 months)
| Month | Installment | Interest | Principal | Remaining Balance |
|---|
Monthly Budget
Budget Analysis
Budget Distribution
What is a Loan Calculator?
A loan calculator is a professional tool for computing your monthly loan installment, total interest, and total amount paid. It is useful for car loans, mortgages, and personal loans. We use the professional PMT (Payment) formula adopted by banks worldwide.
What is a Monthly Budget Planner?
A monthly budget planner helps you organize your income and expenses. Enter your monthly salary, rent, utility bills, daily expenses, and savings target. The tool automatically calculates your net balance and savings rate. Golden rule: 50% needs, 30% wants, 20% savings.
How is the monthly installment calculated?
We use the equal installment (Amortization) formula:
Monthly Installment = [Loan Amount × Monthly Interest Rate] / [1 - (1 + Monthly Interest Rate)^(-Number of Months)]
Example: A $100,000 loan at 5% annual interest over 10 years = $1,061 per month.
Smart Financial Tips
✅ Save first: Deduct savings from your salary as soon as you receive it (minimum 20%)
✅ Avoid consumer loans: Don't borrow for non-essential purchases (clothing, electronics)
✅ Emergency fund: Save enough to cover 6 months of expenses
✅ Compare lenders: A 1% difference in interest rate can save thousands over the loan term
✅ Pay early: Every extra payment saves you significantly in interest
Is my data safe?
Yes, 100%! All calculations are performed locally in your browser only. We never send your financial information (salary, loans, expenses) to any server. Your privacy is fully guaranteed.