Loan Calculator

What is Loan Calculator?

A Loan Calculator is a financial tool that helps users estimate monthly payments, total interest, and the overall cost of a loan. By inputting the loan amount, interest rate, and loan term, the calculator provides a breakdown of the payment schedule. This tool is invaluable for individuals planning to take out mortgages, auto loans, or personal loans, as it allows them to understand the financial implications of different loan scenarios and make informed borrowing decisions.