The loan calculator helps you calculate the monthly payment you will need to make on a loan. This can be useful when you are planning to take out a loan, such as a car loan or a mortgage, as it can help you understand the total cost of the loan and how much you can afford to borrow.
Simply input the loan amount, the interest rate and the length of the loan to get a full calculation of your loan.
Feel free to experiment with different scenarios, e.g. adjust the interest rate to see the impact on the monthly payment and so on.