Loan calculator for instalment loans / annuity loans

The loan calculator for instalment loans as annuity loans determined either on the basis of the input data the credit amount, the amount of the rate, the interest rate for lending rates, maturity, or the remaining outstanding balance.

The frequency of the payment in instalments can be between monthly, quarterly, semi-annually, and annually elected.

The amount of the payments is held constant throughout, so that increases the included repayment portion in the course of time and the interest component is reduced accordingly.

The interest rate can be specified either as a nominal (borrowing rate) or effective rate or calculated because in non-annual installment this two interest rates do not match.

In addition, the loan calculator calculates the effective annual interest rate (internal rate of return) with regard to all payments, which is as important comparative size for various credit offers important.

Also there is a fee can be considered in calculating the credit which is to be paid immediately on credit payments or with can be included in the rate of repayment. This does directly affect the APRC.

In addition, it allows into account loan calculator, in which the instalments are first exposed to an initial grace period. This accruing interest either lead to an increase in the initial debt with taking into account the repayment rate, or are to be paid separately.

All interest and amortization payments are clearly displayed in the repayment plan. The repayment plan to either displays the history of debt and the payments on an annual or monthly basis.

Each old debt, the payment in instalments with the shares for lending and repayment, as well as the new debt is called for every year or every month.